April 12 (Bloomberg) -- KfW Group, Germany’s state-owned development bank, said it hired Klaus Reinhold Michalak, Deutsche Bank AG’s global chief of structured trade and export financing, to run its export-financing operations.
Michalak, 55, will join KfW IPEX-Bank on May 1, the Frankfurt-based lender said in an e-mailed statement today. The unit employs about 590 people, it said.
To contact the reporter on this story: Nicholas Comfort in Frankfurt at firstname.lastname@example.org
To contact the editor responsible for this story: Frank Connelly at email@example.com