Germany’s Norr Stiefenhofer Lutz has appointed the former chief executive of Dresdner Bank as a partner.
Bernd Fahrholz joined the firm on 1 October. He was chief executive at Dresdner since 2000 but spent a number of years at the bank, including serving seven years as in-house counsel. Fahrholz resigned as Dresdner’s chief executive in March 2003 after continuing losses at the bank.
During his tenure Dresdner, which had attempted to merge with Deutsche Bank under previous incumbent Bernhard Walter, tried to combine with Commerzbank before being sold in 2001 to European insurance giant Allianz for e24bn.
At the same time as his appointment at Norr Stiefenhofer, Fahrholz has also been hired by Deutsche Bahn as an adviser as the state-owned railway considers embarking on an IPO.