Chief Risk Officer Sigrid Kosminski moves from ING to Bayern LB

sIgrid Kosminski turns her back on ING Germany and joins the board of directors of Bayern LB. The change appears to have been made in a hurry, as both institutes – independently of each other – only announced it on the last possible working day. Kosminski will leave ING Germany at the end of the month and will start her new job on July 1. But the reasons must be of a personal nature. The Franconian woman returns to Bavaria.

Otherwise, not much will change for Kozminsky. She worked as Chief Risk Officer at the German Direct Bank of the Dutch group ING. She will also serve as Head of Risk at Bayern LB, where she succeeds Markus Kramer.

The business administration graduate began her career in 2002 in auditing at PricewaterhouseCoopers in Frankfurt. There, among other things, she managed risk and accounting projects for real estate and government banks. In 2006, she then moved to ING Germany, where she held various management positions in risk management. Before Kosminski returned to ING in 2019 and joined the Board in 2020, she worked at the European Central Bank for five years. There, as Coordinator of the Joint Supervision Team, she was responsible for supervising global systemically important banks.

The gap left by her departure from ING Germany will initially be filled by ING Germany Chairman Nick Joy himself, with Nicholas Maximilian Linarek taking over operational management of the Risk Board units on 1 April. The 51-year-old reports directly to Joe as public representative.

But Kozminsky may not be entirely disloyal to Frankfurt's financial centre. She is running for elections to the Supervisory Board of the Deutsche Börse Stock Exchange. Shareholders will make their decision on May 14.