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Press Release from 2021-02-04 / KfW IPEX-Bank

New impetus: KfW IPEX-Bank rotates heads of department

KfW IPEX-Bank, which is responsible for export and project finance within KfW Group, is making personnel changes at department head level. Effective 1 February 2021, four departments are under new leadership:

Dr Velibor Marjanovic, previously in charge of the Credit Risk Management I department, has taken over as head of the Power & Environment sector department.

Portraitaufnahme Dr. Velibor Marjanovic
Dr Velibor Marjanovic

The former head of department, Thomas Brehler, now heads the Credit Risk Management II department.

Portrait Thomas Brehler
Thomas Brehler

Christian Bevc, previously in charge of the Infrastructure department, has also assumed a new role as head of Syndication and Treasury.

Portrait Christian Bevc
Christian Bevc

The previous head of this department, Alexander Jacobs, will replace Bevc and take over as head of Infrastructure.

Portraitaufnahme Herr Alexander Jacobs
Alexander Jacobs

“These changes are part of our sustainable human resources management,” commented Klaus R. Michalak, Chief Executive Officer of KfW IPEX-Bank. “Velibor Marjanovic and Alexander Jacobs, with their experience and expertise, will provide new impetus to our bank's market business. Christian Bevc and Thomas Brehler will also use their previous managerial experience in their new roles to the bank’s benefit. Together with our customers, we will initially focus on overcoming the challenges posed by the spread of COVID-19. We will also work together to strategically advance the further development of KfW IPEX-Bank.”

Thanks to its extensive industry, structuring and country expertise, KfW IPEX-Bank was able to maintain its commitment volume in 2020 at the level of previous years, at EUR 16.6 billion, despite the coronavirus crisis. All sector departments contributed equally to new business. The focus was on medium and long-term financing for emerging technologies with the aim of safeguarding the livelihoods and quality of life of future generations.



Philipp Kielbassa


+49 69 74 31-6431


+49 69 74 31-8536