Shift in Bafin's organizational structure

In a recent announcement, the German Federal Financial Supervisory Authority (BaFin) revealed changes in its leadership team. Thorsten Poetzsch, a lawyer who joined BaFin in the past, is vacating his role as executive director for resolution, and Birgit Rodolphe is set to take over this position.

Thorsten Poetzsch has been serving as executive director for resolution at BaFin since 2018. Prior to this role, he held leadership positions in the Federal Ministry of Finance, the Federal Chancellery, and the Federal Financial Supervisory Authority. Notably, he has also been acting in the role of executive director for securities supervision and asset management at BaFin since Elisabeth Roegele stepped down from the position.

Elisabeth Roegele, who has not disclosed the reasons for her departure, previously held the position of executive director for securities supervision and asset management at BaFin. The reasons behind her departure and Poetzsch's move from the role of executive director for resolution are not specified in the announcement.

Birgit Rodolphe, who was previously the Head of Resolution at the European Central Bank (ECB), will assume her role at BaFin on November 1st. She brings extensive experience to the table, having also served as the Executive Director for Corporate Clients Non-Financial Risk at Commerzbank. Her responsibilities at BaFin will include the departments of anti-money laundering and financial system integrity, as part of her role as executive director for resolution.

Thorsten Poetzsch, on the other hand, will take on the role of executive director for securities supervision and asset management at BaFin permanently. The change in roles at BaFin involves both Poetzsch and Rodolphe, marking a significant shift in the authority's leadership structure.

It's important to note that this change in leadership is not related to any specific incident or event mentioned in the text. Additionally, no confirmation email regarding subscription has been mentioned in the announcement.

These changes are expected to strengthen BaFin's commitment to maintaining financial stability and ensuring compliance with regulatory standards. As the financial landscape continues to evolve, the authority's leadership will play a crucial role in navigating these changes and upholding the principles of fairness, transparency, and accountability.

Shift in Bafin's organizational structure