About

Committees

Audit Committee
The Audit Committee, which oversees the Internal Audit Function, is established by a decision of the General Council and composed of two (2) members of the General Council and one external expert of recognized standing and experience in auditing - accounting.

The Audit Committee shall in particular:
  • Supervise the internal audit function
  • Make recommendations on the appointment of external auditors and the scope of external audits
  • Consult with the external auditors on the findings of their audits
  • Audit, together with the external auditors, the end-of-year financial statements
  • Submit reports to the General Council and the Executive Board on a regular basis, and
  • Regulate any issue concerning its operation
The Executive Board or members of the Fund’s staff may be invited to attend the meetings of the Audit Committee.

Members of the Audit Committee:

Chairman
Mr. Steven Franck is currently a Managing Director at Tetrad Capital Partners, a stakeholder advisory and investment management firm. Mr. Franck’s sector expertise includes financial institutions, technology, media and telecommunications (TMT), aviation, oil & gas, and power generation.

Mr. Franck has over 17 years of investment banking and capital markets experience in valuing businesses, investing and raising capital across equity and fixed income products. Since 2009, when he joined Alvarez & Marsal, he has worked extensively in bank restructuring in Europe, including: leading the Lehman Brothers European derivatives restructuring trading team; commercial real estate restructuring in Central & Eastern Europe for Austria’s Hypo Alpe-Adria Bank; and working in Cyprus with the Special Administrator for Cyprus Popular Bank during the banking emergency.

In Greece, Mr Franck served as the Strategy & Restructuring Advisor to the Hellenic Republic Asset Development Fund (HRADF) and with HFSF during the purchase and assumption of Agricultural Bank and the creation of the New Hellenic Postbank. He also worked with the US Federal Deposit Insurance Corporation (FDIC), DG Competition and the Troika to consider unique bank restructuring cases.

At BNP Paribas from 2006 to 2009, Mr. Franck worked on the Distressed Debt and Special Situations Trading Desk. He previously worked at Morgan Stanley for 10 years in Equity, Credit and Special Situations Research.

Mr. Franck also served in the US Navy, where he accumulated 2300+ flight hours and served at the White House.

Mr. Franck holds a MSc. in Management of Technology from the Massachusetts Institute of Technology (MIT) Sloan School of Management, a MSc. in Operations Research from the Naval Postgraduate School and a BSc. in Mechanical Engineering from Cornell University.
Member
Mr. Maetze has thirty (30) years of banking experience having held senior management positions in Commerzbank, Dresdner Bank and HypoVereinsbank (now UniCredit Bank AG) in Germany and Singapore. He is a proven expert in Financial Institutions business, actively participated in the two (2) largest bank mergers in Germany, oversaw various business transformation exercises and the development as well as the implementation of successful business unit strategies during the financial crisis and in post-merger situations.

From 2007 to 2015 he was Member of Commerzbank’s Executive Management Board with responsibilities including the global Financial Institutions business of Commerzbank. Prior to this he was Global Head of Financial Institutions at Dresdner Bank.

Mr. Maetze has served/is serving on a number of Boards in Banking, Finance and Financial Technology (Financial Technology) as well as cultural foundations.

Mr. Maetze holds a BSc. from the Frankfurt School of Finance and Management and participated in various management programs at Harvard Business School, Institut Européen d'Administration des Affaires (INSEAD), International Institute for Management Development (IMD), Management School St. Gallen, as well as Baden-Badener Unternehmergespräche (BBUG).
Member