Managing Board
Thorsten Schmidt
Member of the Board of Directors
NORD/LB Luxembourg S.A. Covered Bond Bank
Thorsten Schmidt, born in 1964 in Braunschweig (Lower Saxony) has been with the NORD/LB Group since 1983 and is considered a proven capital market expert.
After completing his training at Norddeutsche Landesbank Girozentrale, Braunschweig he worked in FX-Ttrading in Hanover. In 1987, Thorsten Schmidt moved to NORD/LB in Luxembourg, where he has since been active in all areas of the Capital Markets business. From 1996, he took on various management assignments with a range of responsibilities that grew over the years and became Head of Financial Markets in 2004.
In 2010, Thorsten Schmidt was appointed to the Board of Management of Norddeutsche Landesbank Luxembourg S.A. With the "Financial Markets" and "Loans" units, his area of responsibility encompassed almost all market activities on the asset and liability side of the bank. As of January 1, 2015, Thorsten Schmidt was appointed Deputy CEO of Norddeutsche Landesbank Luxembourg S.A., now NORD/LB Luxembourg S.A. Covered Bond Bank.
Since January 1, 2017, he has been a member of the Managing Board of the NORD/LB Luxembourg S.A. Covered Bond Bank and is now responsible for Financial Markets, Loans and Fixed Income Relationship Management Europe as well as IT and Human Resources & Organization.
Manfred Borchardt
Member of the Board of Directors
NORD/LB Luxembourg S.A. Covered Bond Bank
Manfred Borchardt, born in Lübeck (Schleswig-Holstein) in 1961, has worked for Norddeutsche Landesbank Girozentrale since 1990. Here he worked his way up from credit clerk in Hanover to main department manager for the entire customer area in Schwerin.
In 2003, Manfred Borchardt became Head of the Restructuring Department at Braunschweigische Landessparkasse (BLSK). From there, he went on to become Managing Director of KreditServices Nord GmbH in 2007 and Head of newly created responsibilities BLSK Process Management at BLSK in 2009. Since 2015, he has been a member of the BLSK Executive Board and Head of BLSK Corporate Clients and Process Management.
In 2017, Manfred Borchardt was appointed to the Managing Board of NORD/LB Luxembourg S.A. Covered Bond Bank.
Mario Gelzer
Member of the Board of Directors
NORD/LB Luxembourg S.A. Covered Bond Bank
Mario Gelzer, born in Schönebeck (Saxony-Anhalt) in 1972, has been with the NORD/LB Group since 1999.
After several years in the roles of Credit Analyst and Corporate Account Manager Restructuring he became Head of Restructuring Braunschweig in 2009. In 2017 he took over the division Special Credit Management Retail including intensive support, restructuring and workout. Since 2020, he has been responsible for the department Restructuring Wholesale and Retail of NORD/LB, Hanover. In addition, he held the position of Senior Credit Executive and Deputy Division Manager since 2017.
Mario Gelzer was appointed to the Managing Board of NORD/LB Luxembourg S.A. Covered Bond Bank as of January 1, 2023. Here, he is responsible for the back office areas as well as Compliance and the Board Support Functions.
Organisation
Internal Control Functions
Chief Risk Officer
Alexander Gröling
Chief Compliance Officer
Ingo Zentgraf
Chief Internal Auditor
Frank Steingrube