PRESS RELEASE
29 February 2008
The new Asset Management Advisory Committee of the Foundation “Remembrance, Responsibility and Future” gears up for work
Leading financial experts support the Foundation in managing its assets
Berlin. The Board of Directors of the Foundation “Remembrance, Responsibility and Future” have appointed an asset management committee. The committee met for the first time in Berlin on Thursday under the chairmanship of Martin Senn, Chief Investment Officer of Zurich Financial Services.
Other members of the five-strong committee are Dieter Lehmann, member of the management board and head of asset management at the Volkswagen Foundation, Gerhard Schleif, former general manager of Bundesrepublik Deutschland – Finanzagentur GmbH, Uwe Wewel, head of the investment division at the Federal Ministry of Finance, and Professor Dr Uwe Wystup, Frankfurt School of Finance and Management – Centre for Practical Quantitative Finance.
The asset management committee will meet once or twice a year and advise the Board of Directors of the Foundation on the strategic development of its asset portfolio and the necessary investment decisions. The members of the committee have been appointed for an initial term of three years.
The Foundation was established in August 2000 with assets of DM 10 billion, provided in equal amounts by the Federal Government and German industry. Of this, DM 700 million (EUR 358 million) was earmarked for the long-term funding activities of the Foundation. After the completion of payments to former forced labourers, the assets of the Foundation “Remembrance, Responsibility and Future” had grown to EUR 420 million. This has enabled funding of between EUR 8 million and EUR 10 million to be provided each year to international projects.
The Foundation “Remembrance, Responsibility and Future” supports international projects that operate in three main areas: A critical examination of history, Working for democracy and human rights and Humanitarian assistance for survivors of National Socialist dictatorship.
Press Release as a PDF file for download.
Contact:
Foundation “Remembrance, Responsibility and Future”
Press and Public Relations
Franka Kuehn
Markgrafenstr. 12 – 14
10969 Berlin
Tel.: +49-(0)30-259297-76
M: +49-(0)174-980 14 24
Email: kuehn@stiftung-evz.de
www.stiftung-evz.de
