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.

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
Jörg Reinelt