The Board of Managing Directors


Chief Executive Officer (CEO)
Chief Investment Officer (CIO)

Anja Mikus has been working in the investment industry for 30 years. After graduating from business school, she began a professional career in financial planning and accounting. Beginning in 1988, she began working for the Allianz Group, where she progressed from Asset Management to become managing director of Allianz Kapitalanlagegesellschaft and a member of the management board of Allianz Pimco Asset Management in Munich. From 2001, she was the managing director of Union Investment Privatfonds GmbH, and as segment manager was responsible for portfolio management and the investment strategy of the Union Group in Frankfurt am Main. From 2014 to 2017, she worked at Arabesque Asset Management Ltd. in London and Frankfurt am Main as Chief Investment Officer & Partner. Anja Mikus was born in Kassel. She has been a member of the supervisory board of Commerzbank AG since 2015 based on a proposal from the federal government and has been chairman and chief investment officer of the German Nuclear Waste Management Fund foundation in Berlin since its formation in June 2017.

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Chief Financial Officer (CFO)
Chief Risk Officer (CRO)

Dr. Thomas Bley holds a doctorate in economics and began his corporate career at Deutsche Bank AG in 1994. After a three-year stint in the late 1990s as an associate banker at the European Bank for Reconstruction and Development in London, he moved back to Frankfurt am Main to work for Deutsche Bank as a senior credit analyst until 2003. He then returned to the UK as managing director of Eurohypo AG for several years. Back in Germany, Bley became managing director and chief credit officer at Hypo Real Estate and Eurohypo. From 2009, he was a board member of Eurohypo, having responsibility for risk management, as well as finance and legal matters. From 2014, he worked in various functions at the Deutsche Bank Group as a managing director and COO. The Hamburg-born chief financial officer (CFO) & chief risk officer (CRO) has been with the German Nuclear Waste Management Fund in Berlin since December 2017.

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Chief Operating Officer (COO)

After his apprenticeship and completing his studies of computer science at the Technical University of Munich Stefan Spannagl started his professional career in 1993 at the predecessor of Hypo-Vereinsbank in Munich. There, he initially worked in the technological sector focusing on securities business and was Managing Director of the IT provider of the HVB Group as his last position there. From 2005 onwards, Spannagl was COO at Quirin Privatbank and at international companies in the fintech sector, where he was responsible for banking and IT operations as well as for the implementation of company-wide transformation projects. Stefan Spannagl was born in the Allgäu region of Immenstadt in Bavaria and has been a Berliner by choice since 2005. Since April 2021, he is a board member of the KENFO – German Nuclear Waste Management Fund and, as Chief Operating Officer responsible for the areas of business management and project management.

The Board of Trustees

The investment council