Germany s state-owned KfW bank to name Stefan Wintels as new head - sources Reuters 1 hr ago
BERLIN, June 1 (Reuters) - Germany s ruling coalition agreed to name Stefan Wintels as the head of state-owned development bank KfW, two sources told Reuters on Tuesday.
Wintels, the head of Citigroup bank in Germany, will replace Guenther Braeunig, whose contract will expire in the summer.
The new appointment will be submitted to the cabinet for approval on Wednesday.
KfW, which since March last year has supervised and funded government aid packages to companies during the coronavirus crisis, was not immediately available for comment.
Citigroup declined to comment. (Reporting by Holger Hansen; Writing by Riham Alkousaa; Editing by Jan Harvey)
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