Hypo Real Estate names Better CRO

- Ryan Davidson
- 27 Jan 2009

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She takes over as CRO from Bettina von Oesterreich, who is leaving the bank for personal reasons. Better has worked for the company since its foundation in 2003 and served in various roles within its domestic and international operations.

This is the latest in a series of senior management changes at the firm following a tumultuous period. Georg Funke, its former chief executive, resigned on October 7 after the German government announced a €50 billion rescue package for the company on October 5. Banks and insurers withdrew their support for a €35 billion liquidity plan the previous day.

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