Former Bundesbank board member joins Olswang
20 Jan, 2014
International TMT and Real Estate law firm Olswang has strengthened its Finance and Banking practice with the arrival of former Deutsche Bundesbank board member Dr Hans Reckers to its Berlin office. Dr Reckers will strengthen the international Finance team as Senior Of Counsel and will focus on banking regulation, alternative financiers and debt funds.
With a strong background in banking supervision, regulatory law for the financial and funds sector, as well as risk controlling and public budgetary law, Dr Reckers’ experience includes being a member of the management board of the central bank of the Federal Republic of Germany. Dr Reckers has also worked with the governing council of the European Central Bank, as well as acted as President of the Central Bank for the Federal State of Hessen, and most recently as the general secretary of the German Federal Association of Public-sector Banks (VÖB). In his long career as a finance expert, Dr Reckers also served as State Secretary for Finance for Saxony and Head of the Budget Department in the German Federal Finance Ministry. Currently a board member of the securitisation platform True Sale International, Dr Reckers can navigate the intricacies of securitisation of Special Purpose Vehicles, an essential link to the capital markets.
Dr Hans Reckers commented: “With its first-class reputation and well-known entrepreneurial and dynamic firm culture, Olswang serves as an excellent platform for me to bring my experience of many years into a law firm setting.”
Dr Christian Schede, Managing Partner in Germany, comments: “The current low-interest period and the increased requirements after Basel III will result in debt funds playing an even larger role in Germany. The investment and financial sector will be entering uncharted territory in many areas, with the prospect of careful negotiations around the new regulation. With Dr Reckers we can now tackle this new challenge and offer support to our clients in these areas.”