Cologne, 15 December 2009 – In an amalgamation of functions, the CEO of OVB Holding AG, Wilfried Kempchen, has been appointed to the same role at the German subsidiary, OVB Vermögensberatung AG.

In addition to Mr Kempchen, the Management Board consists of Chief Financial Officer, Oskar Heitz, and Chief Marketing Officer, Jürgen Kotulla.

“The appointment of Wilfried Kempchen as Chief Executive Officer of OVB Vermögensberatung AG will allow us to make optimum use of Mr Kempchen’s extensive sales experience for the important German market,” comments Wolfgang Fauter, Chairman of the Supervisory Board of OVB Holding AG. “We expect this appointment to have positive effects on the national company’s development.”

Mr Kempchen is appointed to the post for an initial period of three years.

About OVB Group
OVB Group, with its holding company headquartered in Cologne, is one of the leading European financial sales organisations. Since the formation of OVB Vermögensberatung AG in Germany in 1970, customer-oriented consulting for private households in the areas of insurance coverage, asset building and appreciation, pension provision and real estate acquisition have formed the focus of OVB’s business activities. Currently OVB advises some 2.8 million customers across Europe and works together with more than 100 renowned product partners. OVB is presently active in 14 countries, with some 4,700 full-time financial consultants working for the Group. In 2008, OVB Holding AG – which has been listed on the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006286560) since July 2006 – and its subsidiaries generated total sales commission of €260.2 million and EBIT of €28.8 million.