German bad bank FMS Wertmanagement has appointed Tammo Diemer to its supervisory board, replacing Andreas Ricker.
He will replace Ricker as the board’s head of strategy.
Ricker has been with FMS since it was founded in 2010.
Diemer is a managing director at the Budesrepublik Deutschland-Finanzagentur, which plans Germany’s national debt management strategy. Previously to this he was managing director and head of treasury at Aareal Bank.
