DUSSELDORF: Citibank Group in Germany has lost its PR chief, Folker
Mindermann in a restructuring of its high street arm, Privatkunden.
Mindermann was public affairs director of Citibank Group as well as
Citibank Privitakunden which is Germany’s largest high street bank, with
three million customers.
He reported directly to Privatkunden chief executive Willy Socquet, who
joined the company a year ago. Mindermann resigned following Socquet’s
decision to integrate the work of the PR and marketing departments as
partof a general restructuring of the company.
Mindermann oversaw nine people working in group communications and was
responsible for press relations, government relations, PR, internal
communications and supporting investor relations. He represented the
Citibank group, its high street arm, and its credit card business,
Citibank Visa and Citibank Diners. He has not yet decided on his next
move, but intends to continue working in public relations.
’Either I will work for myself or in a consultancy,’ said Mindermann,
who is 55. He will be replaced, but his successor is likely to report to
Citibank marketing director Burkhard Breiing.
Mindermann joined the bank’s high street arm, then known as
Kundenkreditbank, in 1985, as public affairs head. He was appointed
public affairs director of Citibank group in 1991, and in 1995 was made
a member of Citibank Privatkunden’s senior management group.
Kundenkreditbank was bought by Citibank in 1973 and integrated into the
group’s network of consumer banks in the late-1980s.
Citibank retains PR agencies on a project basis, including HFP in
Dusseldorf, Charles Barker in Frankfurt and Lauk Communication in