Oldenburgische Landesbank AG (OLB) has reconstituted its Management Board effective 1 October 2026, completing appointments that were previously announced and coordinated with supervisory authorities. The move installs a new leadership team at a bank that became systemically important in early 2025 and is now directly supervised by the European Central Bank.
Michael Fust has been appointed Chief Financial Officer, succeeding Dr Rainer Polster, who left upon the expiry of his mandate on 30 September 2026. Fust had been General Representative of OLB since January 2026 and previously spent around 16 years with KPMG before joining TARGO Deutschland GmbH as Head of Finance in July 2016. Annett Daldrup takes over as Chief Risk Officer. She had been acting as a General Representative of OLB since July 2026 and also served as General Representative of TARGO Deutschland GmbH since March 2026. Daldrup joined TARGOBANK as Chief Credit Officer Corporate Lending in January 2025, with prior roles at Airbus Bank GmbH and UniCredit Bank AG. Chris Eggert, previously Chief Risk Officer, assumes the role of Chief Investment Officer, responsible for cash flow-based financing activities within the Corporates & Diversified Lending segment, including Corporates, Acquisition Finance, Football Finance, Fund Finance, Export Finance, and Financing Solutions.
The reconstituted Management Board now consists of Christophe Jehan (Chief Executive Officer), Annett Daldrup (Chief Risk Officer), Chris Eggert (Chief Investment Officer), Michael Fust (Chief Financial Officer), and Dr Andreas Houben (Chief Sales Officer). Christian Bessenroth, a General Representative since April 2026, completes the Management Team and is responsible for asset-based financing activities within the Corporates & Diversified Lending segment, covering Commercial Real Estate, International Diversified Lending, Shipping, and Renewables. He reports to Chris Eggert. Bessenroth joined OLB in October 2021 as Head of Corporate Real Estate & International Diversified Lending, after working for BAWAG Group.
“With its proven leadership and complementary areas of expertise, OLB’s Management Team is ideally positioned to lead the Bank into its next phase of development,” says Isabelle Chevelard, Chairwoman of the Supervisory Board of OLB. The appointments are significant because OLB, with more than 150 years of history in north-west Germany, serves about one million customers through its OLB and Bankhaus Neelmeyer brands. It operates a network of 80 branches nationwide and employs around 1,700 people. With total assets exceeding EUR 30 billion, OLB became a significant financial institution at the beginning of 2025. Since January 2026, it has been owned by TARGO Deutschland GmbH and is part of the cooperative Credit Mutuel Alliance Federale, one of Europe’s largest and financially strongest banking groups. The new board’s expertise in finance, risk, and investment is expected to drive the expansion of OLB’s Corporates & Diversified Lending business, a key strategic area. For customers and investors, the continuity and experience of the leadership team may signal stability and a clear focus on growth. More information is available at www.olb.de and www.neelmeyer.de, as well as on Facebook, Instagram, and YouTube.
