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Hypo Real Estate names Better CRO

Munich-based property financing firm Hypo Real Estate has named Manuela Better as its new chief risk officer (CRO), effective February 1.

    • Ryan Davidson
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She takes over as CRO from Bettina von Oesterreich, who is leaving the bank for personal reasons. Better has worked for the company since its foundation in 2003 and served in various roles within its domestic and international operations.

This is the latest in a series of senior management changes at the firm following a tumultuous period. Georg Funke, its former chief executive, resigned on October 7 after the German government announced a €50 billion rescue package for the company on October 5. Banks and insurers withdrew their support for a €35 billion liquidity plan the previous day.

See also: Hypo Real Estate appoints new CEO
Hypo Real recieves €50 billion bailout

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