Picture: Winfried Spies

Cologne, 11 January 2010 - Effective 1 January 2010, Winfried Spies is a new Member of the Supervisory Board of OVB Holding AG. He succeeds Jörn Stapelfeld, who resigned his position at the end of the year after he had already left the Generali Deutschland Group in August 2008.

In future, Mr Spies will also assume the function of a Member of the Supervisory Board at the German subsidiary OVB Vermögensberatung AG.

Mr Spies is CEO of Generali Versicherung AG and Generali Lebensversicherung AG as well as a Member of the Management Board and Labour Director of Generali Deutschland Holding AG. Mr Spies, who has initially been appointed legally, will offer himself for a further term in office at the next general meeting of OVB Holding AG on 11 June 2010.

"We wish to thank Jörn Stapelfeld for his co-operation and valuable support on the Supervisory Board and look forward to working with Mr Spies", says Wolfgang Fauter, Chairman of the Supervisory Board of OVB Holding AG.

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. OVB currently 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.