Former real estate company boss is dead

The former boss of the Munich-based real estate bank Hypo Real Estate (HRE), Georg Funke , is dead. This was confirmed by his lawyer Wolfgang Kreuzer on Tuesday of the German Press Agency. Previously, several media had reported about it. Spark had already died some time ago after a short, severe illness abroad, Kreuzer reported. At the exact time of death, the confidant of the former bank manager could not give any information.

Born on April 29, 1955 in Gelsenkirchen spark was from 2003 to 2008 CEO of HRE. In the global financial crisis of 2008, the Confederation had saved the internationally highly networked bank with billions of splashes from bankruptcy and forcibly nationalized in October 2009 in order to prevent a fiasco for the financial center Germany. In the public spark was then sharply criticized. HRE later became Deutsche Pfandbriefbank.