Succession partially settled: Uwe Adamla leaves LBBW and BW Bank

Since 2020, LBBW has pooled its asset management expertise in the Asset and Wealth Management division, which includes LBBW Asset Management, a subsidiary of LBBW, and BW-Bank's Asset and Wealth Management. Since 2021, the division has been headed by Uwe Adamla, who is both Chairman of the Management Board of LBBW Asset Management and a member of the Board of Managing Directors of BW-Bank. He will leave the company at the end of the year at his own request to pursue a new phase of his life.

The Group Board of Management is taking the generational change as an opportunity to dissolve the existing AWM business segment and to further develop its two major pillars independently in LBBW Asset Management and BW-Bank.

Succession on the Board of Directors of BW-Bank remains open for the time being

Adamla has stepped down from his role as a member of the BW Bank Management Board. His successor will be decided at a later date. The Wealth Management divisions will now report to Andreas Götz, the Group Board Member responsible for Private Customers, Business Customers, and Savings Banks.

His previous area of ​​responsibility for securities and asset management at BW-Bank will be taken over by Elmar Kausch, who has headed the Private Customers/Savings Banks central division since April 2025.

Adamla is handing over responsibility for LBBW Asset Management to his long-time employee Karen Armenakyan and will actively shape the transition. Armenakyan will join the management team at a later date, subject to BaFin approval.

With an investment volume of around 120 billion euros and almost 1,000 employees, LBBW AWM is one of the largest asset and wealth management providers in Germany. The AWM business unit was founded in 2020 to manage the entire

To make asset management more effective.