Tokio Marine HCC International (TMHCCI) has announced the appointment of banking veteran Matthias Sandfort as Head of Surety in Germany, effective November 1.
Operating out of Frankfurt, Sandfort will be responsible for growing TMHCCI’s Surety business, diversifying the portfolio and penetrating further into the German market.
He will report to Luc Reuter, Head of Surety – Europe, and takes over from Jens Krichbaum who stepped back earlier this year due to personal reasons, but has since returned to the TMHCCI Surety team as a Senior Underwriter.
Commenting on the appointment, Reuter said: “The German Surety market is an important and fast growing one for TMHCCI and we are delighted to secure someone of Matthias’ calibre to lead the team.
“He brings a huge amount of experience in the banking sector, having held client, market and credit portfolio responsibilities across continental Europe, and is a well-known, hands on and respected operator. His knowledge of these markets and his strong relationship-building skills will help us secure even more success in Germany.
Sandfort has held various director-level roles over the last two decades, including at Natixis Pfandbriefbank AG, Helaba and Westdeutsche ImmobilienBank.
He joins TMHCCI from Corestate Bank where he spent the last five years as Managing Director, prior to that he was Group Head of Debt Finance for almost three years.
Martyn Ward, Managing Director of Tokio Marine HCC International’s Credit & Surety division, added: “[Matthias] joins a team that has delivered a strong performance in recent years, and I look forward to working with Matthias as we seek to exploit new opportunities and accelerate our growth.
“[He] is an asset to the team and, backed by TMHCCI’s global presence and superior credit rating, his vast experience in the banking sector will undoubtedly further enhance our Surety proposition for German companies. I am confident that Matthias’ extensive knowledge and deep understanding of the market will be instrumental in our plans to further develop our successful international Surety division, which has grown consistently for over nearly forty years.”
