News

16.03.2017

Another year in the black for EAA

“The EAA concluded its fifth year in a row in the black. This is not a matter of course, as the earnings base decreases the closer the winding-up of the portfolio nears completion,” explained Matthias Wargers, Spokesman of the Managing Board.

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22.02.2017

Change in Managing Board of Erste Abwicklungsanstalt (EAA)

Markus Bolder (53) will not be extending his contract as member of the Managing Board at Erste Abwicklungsanstalt (EAA) once it runs out on 30 June 2017, and will instead be focusing on new challenges after more than seven years on the Board. This was announced today by Chairman of the EAA Supervisory Board and State Secretary in the Finance Ministry of North Rhine-Westphalia, Rüdiger Messal, in Düsseldorf. Bolder will be replaced on the EAA Managing Board by Christian Doppstadt (49). Doppstadt has been Head of Credit Risk Management at EAA since 2014, and is very familiar with both the tasks and the portfolio.

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23.01.2017

EAA privatises its portfolio management subsidiary

Erste Abwicklungsanstalt (EAA) has sold its portfolio management subsidiary to Mount Street Group. The financial service provider headquartered in London will take over EAA Portfolio Advisers GmbH (EPA) including its approximately 90 employees at offices in London, Düsseldorf, New York and Madrid. Post-acquisition, EPA will remain a separate company providing tailored services for the EAA portfolio until at least 2020. The transaction is yet to be approved by the relevant regulatory authorities and a Closing is expected in the first half of 2017.

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More press reports

Current vacancies at EAA

Erste Abwicklungsanstalt relies on the commitment of its employees. That is why constantly fostering and developing their motivation, skills and abilities is our central aim. We are looking for the best employees.

Current vacancies at EAA Group

We are also always interested in receiving informative and interesting speculative applications. Send us your application by e-mail, and let us know why we need you on our team!

E-mails to: career@aa1.de

  

Erste Financial Services (EFS)

EFS is the largest service provider of the EAA. To secure critical services for the portfolio wind-up going forward EAA took over the company from Portigon AG in the first half of 2016.

As an EAA subsidiary, EFS has defined its profile more distinctly. It has an international outlook and offers a broad range of services from credit services to data mangement and IT services.

EFS

  

EAA Portfolio Advisers (EPA)

EPA is a wholly owned subsidiary of the EAA and currently manages a portfolio greater than €30bn, covering a broad range of asset classes, sectors and regions. Specialist teams handle a significant volume of complex non-performing, specialized, and structured credit portfolios.

One of EPA’s objectives is to provide maximum transparency over portfolio and risk positions in order to empower decisions and to react quickly to external developments while meeting relevant regulatory requirements.

EPA