Christiane Laibach has assumed office as member of the Management Board of DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH, with effect from February 15, 2015.

She succeeds Michael Bornmann, who, after ten years on DEG's Management Board, retired on February 14, 2015.

Laibach is the first woman on the DEG Management Board, responsible for the regional departments of Africa/Latin America and Asia/Europe, as well as for the division German Corporates/Special Programmes.

Prior to joining DEG, Laibach was a member of the Management Board of KfW IPEX-Bank GmbH, in charge of Risk and Finance.

In April 2014, KfW, as shareholder of DEG, appointed her as a member of the DEG Management Board.

She joined KfW in 1990, where she primarily worked in export and project financing.

Her background also includes project management in the area of development cooperation.

She was First Vice President and Team Head Rail and Road in export and project finance before working as Senior Vice President and Head of Aviation from 2001 to 2008.