Photo: Stefan Malzkorn Executive MBA Part-time EMBA degree focussing on Leadership, Strategy and International Management - based on the values of the Honourable Merchant EMBA
EXCELLENCE COMMITMENT FAIRNESS OUR VALUES. YOUR SUCCESS. Contents About us 3 Study course overview 4 Course structure and guiding principles 6 Course contents 7 Faculty and associate lecturers 10 Studying at HSBA 12 Mentoring programme 14 Course fees and funding 16 Application and admission 18 Contact 19 Photo: Ingo Boelter 2
About us HSBA Hamburg School of Business Administration HSBA IS THE UNIVERSITY FOR BUSINESS in Hamburg. Founded in 2004 by Hamburg s Chamber of Commerce as a state-recognised third-level institution, it offers bachelor s and master s degrees in business as dual and part-time courses for more than 850 students. We have around 250 cooperating companies, which are actively involved in designing and developing our courses in order to ensure that they are constantly aligned with business needs. This means that HSBA graduates are perfectly prepared for the requirements of business and have excellent career opportunities. HSBA is strongly influenced by the model of the honourable merchant, whose entrepreneurial dealings lead to success in business while also assuming social responsibility. Accordingly, we signed the six Principles for Responsible Management Education (PRME) of the UN, which aim to train responsible future managers. HSBA summarises its actions under the motto of Excellence Commitment Fairness. Our Values. Your Success. Dual study programmes: B.Sc. Business Administration B.Sc. Business Informatics B.Sc. Logistics Management B.Sc. Maritime Management B.Sc. Media Management Part-time programmes: M.Sc. Global Management and Governance MBA Corporate Management MBA Shipping Executive MBA (EMBA) Cooperative doctoral programme (PhD/DBA) at Claussen-Simon Graduate Centre at HSBA High-quality education for specialists and executives, applied research and consulting round off HSBA s offering. Excellent ranking results, the course accreditations by the FIBAA (Foundation for International Business Administration Accreditation) as well as the institutional accreditation by the German Council of Science and Humanities testify to the high quality of our university. With our scientific approach, we would like to mould the students into ethical, cosmopolitan people with strong professional and methodological expertise and soft skills. In the cosmopolitan city of Hamburg with its global orientation, the focus is also on developing students international skills. With its master s degree programmes, HSBA provides a tailored offering for personnel development in companies. The high share of case studies ensures that the course prepares future managers for the diverse challenges they will face in business. Prof. Dr. Hans-Jörg Schmidt-Trenz, President of HSBA We offer our students excellent study conditions and give them the best career opportunities possible. A high level of organisational quality and the development of a global network are especially important to us. Dr. Uve Samuels, Managing Director of HSBA 3
Study course overview Executive MBA THE EXECUTIVE MBA is perfect for practitioners from a wide range of academic backgrounds who wish to enhance their skills profile. With its generalistic approach, a broad range of business administration theory as well as relevant economic and legal topics are covered. This applied study programme in particular focuses on leadership, strategy and international management. A study week abroad in Dubai is integrated into the study course and offers the unique opportunity to deeper evaluate the intercultural aspects of the global economy. The Executive MBA is built around the concept of the honourable merchant ( Ehrbarer Kaufmann ), whose entrepreneurial dealings lead to success in business while also assuming social responsibility. The programme is therefore geared towards corporate management and leadership. In essence, it is about the question which tools and methods are necessary to successfully run a company in the long-term. Key Facts Executive MBA Overview Form Content Course fees Required professional exp. Academic background of the students Nationalities 2- year English EMBA, 90 ECTS Part-time programme (12 full-time weeks) i.a. Intern. Strategic Management, Leadership, Decision Making and Economic Behaviour 30.000 Euro, early bird discount (12,5%), several funding possibilities available 5 years i.a. Humanities, Informatics, Engineering, Law, Medicine, Social Sciences, Business Science i.a. Ethiopia, Brazil, Germany, Georgia, Great Britain, India, Italy, Mexico, Singapore, USA Age 29-50 (average 35,8) Special feature Patronage and mentoring programme by The Honourable Society of Hamburg Merchants HSBA attaches great importance to the composition of the study groups. The mix of students with respect to their professional and personal backgrounds is particularly important for a productive classroom experience in order to discuss the course contents from different perspectives. Students also benefit from a mentoring programme and have access to many other networking events. Our students The EMBA is geared towards executives with several years of professional experience. Due to the orga nisation of the programme, this EMBA is also suitable for students not living in Hamburg. The course is explicitly open to non-economists. Language The course is taught entirely in English. Patronage and mentoring programme The Versammlung Eines Ehrbaren Kaufmanns zu Hamburg e.v. (VEEK) (The Honourable Society of Hamburg Merchants) assumes the patronage of the study programme. Personal mentors from the group of VEEK members support the students. Necessary professional experience The course is open to graduates from all disciplines as long as they have at least five years of relevant professional experience after their undergraduate degree or a comparable qualification. Course organisation The course is conducted during twelve full-time weeks. One of the full-time weeks will take place in Dubai. At the beginning of the course an opening weekend takes place. Most modules are divided into three presence and two individual study phases. Course start and duration The course starts on 1 October each year. It runs for 24 months in total (including four months for the master s thesis). Photo: Cristiana Cicoria 4
Students of the Executive MBA (course start: October 2015) Recommended working times It is recommended that students talk with the employers about how to combine their study plans with their job before they commence their studies. On average, the EMBA students should expect a weekly study workload of 15 to 20 hours. Students with a German working contract can also take up to 10 days of further education leave during the course of the study programme. Course fees and funding The course fees are EUR 26,250 for applications received prior to 31 May (otherwise EUR 30,000). The fees include the lectures, the mentoring programme and all exam fees. Numerous funding possibilities and scholarships are available (see page 16). Degree Executive Master of Business Administration with 90 ECTS. The study programme entitles students to proceed to doctoral studies. Accreditation The study programme is accredited by the FIBAA and was awarded the Premium Accreditation of the FIBAA in 2015. For the Executive MBA programme, we have succeeded in recruiting high-calibre professors and lecturers with a range of international experience. The ideas of internationality, business ethics and governance form a recurring theme throughout the entire course. Prof. Dr. habil. Stefan Prigge, Course Head Executive MBA 5
Course structure and guiding principles Executive MBA Master s Thesis (Area of Choice) First year Second year Entrepreneurship & 9 Innovation 10 Corporate Responsibility & 7 8 Corporate Communication Ethics, Compliance & 5 Dispute Resolution 6 Decision Making & 3 Economic Behaviour 4 Turnaround Management: 1 2 Introductory Case Study Going Global: Concluding Case Study Financial Management International Accounting & Governance International Strategic Management Leadership & Human Resource Management Internationality Business Ethics Governance Course structure 90 ECTS must be acquired over the course of the Executive MBA. The credits are spread over ten modules and the master s thesis. The study programme covers a broad range of business administration theory (including finance, accounting, marketing, human resources) as well as relevant economic and legal topics. The overlapping topics of internationality, business ethics and governance are incorporated in the modules and analysed in the respective context. The degree concludes with a four-month master s thesis. Guiding principles Three overarching principles form the backbone of the course: Internationality Business Ethics Governance In the individual modules, the topics covered are also always looked at from the perspective of these three guiding principles. This means that international or intercultural aspects are taken into account in the lectures, for example when discussing the special aspects of international personnel management or the role of global financial markets. In light of HSBA s special focus on values, business ethics aspects are always considered, with a central role accorded to the model of the honourable merchant. In order to discuss the options for managing companies, governance is a core aspect of teaching. Students should learn to assess and apply various institutional alternatives for action in the respective areas of business. This puts the students in a position where they can make conscious and informed decisions even in critical situations. 6
Course contents Executive MBA Module 1: Turnaround Management This module introduces the issues covered by the course in a two-day case study and together with the concluding case study provides an overarching framework for the entire study course. The different perspectives are weighed up against each other in order to simulate a complex decision-making process and to reach realistic decisions. Module 2: Leadership & HR Management This module teaches students the basics of management and prepares them for the course. The focus lies on: International Human Resource Management Leadership Personal and Social Skills for Executives Module 3: Decision Making & Econ. Behaviour Students familiarise themselves with different approaches for explaining behaviour in organisations and learn to evaluate employee motivation and incentive systems. The following topics are covered: Economics Decision Theory Game Theory New Institutional Economics Behavioural Economics Model of the Honourable Merchant Module 4: International Strategic Management The module teaches students about the consequences for a company entering the international market. The students put what they have learned into practice in a project from their company. A Classroom sessions Year 1 Year 2 Month Oct- Dec Jan- Mar Apr- Jun Jul- Sep Oct- Dec Jan- Mar Apr- Jun Jul- Sep Classroom session 3 x full-time weeks 2 x full-time weeks 2 x full-time weeks, one of them in Dubai 2 x full-time weeks 2 x full-time weeks 1 x full-time week EMBA Thesis EMBA Thesis Colloquium (1 x 2h) week abroad in Dubai is a special feature of the module in which intercultural aspects in the area of International Strategic Management are taught. Furthermore, the students gain international experience during selected company visits and the collaboration with our local partner university. The following aspects are covered in the module: Procurement (International Management) Sales (International Marketing) Production & Quality Management OR Global Logistics & Supply Chain Management Strategic Management Applied Quantitative Analysis Business Information Systems My expectations of the study programme were exceeded in many respects: excellent lecturers from industry and research, students from all over the world with professional experience, a very good mentoring programme, interesting network events, a great sports programme and all of that in the city of Hamburg. Christine Wolff, Executive MBA, Class of 2012, Member of the Supervisory Board of Hochtief AG 7
Course contents Executive MBA Module 5: Ethics, Compliance & Dispute Resolution The module teaches the elements of business ethics and their significance for long-term business success. Students learn about the following areas: Fundamentals of Business Ethics Philosophy Fundamentals of Law Development of a Compliance Organisation as Part of Risk Management Alternative (out-of-court) Dispute Resolution Mechanisms Module 6: Intern. Accounting & Governance Students acquire knowledge of international financial reporting and auditing standards and of their significance for corporate governance as well as other related topics. The module comprises the following submodules: Introduction to Accounting International Financial Reporting and Auditing Standards Corporate Governance Module 7: Corporate Responsibility & Corporate Communication In this module, students acquire a basic understanding of Corporate Responsibility (CR) and sustainability and learn how social, ecological and economic aspects can be used to develop a companyspecific strategy. The topics include: Communication of CR Engagements Corporate Public Relations and Public Affairs 8
Case study CR and corporate communication Module structure Module 8: Financial Management The module teaches students how to evaluate and compare investment projects or financing options on the basis of reliable information. Accordingly, the following topics are covered: Introduction to Finance and Financial Mathematics Institutional Economics and Behavioural Finance Valuation Investor Relations Case Study on Finance Presence phase1 Independent study phase 1 Presence phase 2 Introduction Preparation of module contents Opening exam Lectures Case studies /guest lectures Reflection Photo: Roland Magunia Module 9: Entrepreneurship & Innovation The module deals with entrepreneurship in all its facets, ranging from business plans through to innovation management and restructuring. The focus is always on implementing the business idea, especially in small, medium and family businesses. The following aspects are covered: Foundations of Entrepreneurship and Business Modeling Small and Medium Entreprise Management and Family-Owned Businesses Corporate Venturing Innovation and Growth Management Change Management Independent study phase 2 Presence phase 3 Following up on lectures Preparation for exams Final exams Module 10: Going Global The concluding case study rounds off the study course by picking up all learnings of the previous modules. In the role of the management, the students will first focus on acting locally and then soon after make strategic global decisions for the company. EMBA-Thesis During the four-month thesis, students examine a topic in-depth in a piece of academic work. The topic can be from the student s professional experience. With its compact classroom phases, the Executive MBA is not only suitable for students from Hamburg, but also for non-local students, whether from Germany, Europe or Overseas. The programme management offers support in all matters relating to studies. Yasmin Guillén-Lange, Programme Manager Executive MBA 9
Faculty and associate lecturers from academia and industry MORE THAN 30 LECTURERS from academia and industry are currently involved in teaching on the course. They come from a wide range of international backgrounds and have extensive professional experience. In order to always ensure the relevance and quality of the course contents, evaluations are performed on a continuous basis. The following are just some of the lecturers: Prof. Dr. habil. Stefan Prigge Course Head Regulation of the Financial Sector Corporate Governance Capital Markets Prof. Dr. Henning Vöpel CEO of the Hamburg Institute of International Economics (HWWI) and Professor at HSBA Micro- and Macroeconomics Game Theory International Economics Prof. Dr. Espen Andersen Associate Professor, Department of Strategy, Norwegian Business School Strategic Management Mgmt. Inform. Systems Technology Strategy Prof. Dr. Washika Haak-Saheem Assistant Professor, OB & IBM College of Business Administration, University of Dubai Cross-Cultural Management Leadership & Organisational Change Dr. Mary Papaschinopoulou Former Director IHK NORD Brussels - Association of North German Chambers of Commerce and Industry Public Affairs Dr. Nils Krause Partner, DLA Piper UK LLP M&A Transactions Corporate Law Corporate Governance and Corporate Compliance Prof. Dr. Stefan Okruch Professor at Andrássy University Budapest - New Institutional Economics and Behavioural Economics - Economic Analysis of Law Prof. Dr. Jan Ninnemann Freelance Consultant, Hanseatic Transport Consultancy Dr. Ninnemann & Dr. Rössler GbR and Professor at HSBA Logistics Systems Operative Logistics Mgmt. 10
Prof. Dr. Orestis Schinas Head of the Maritime & Logistics Department at HSBA Decision Theory Infrastructure and Asset Financing Dr. Claudia Bünte Director Strategy Germany, Denmark, Finland, Iceland, The Coca Cola Company Strategic and International Marketing Expert for Marketing and Sales Prof. Dr. Sarah Jastram Endowed Chairholder of International Business Ethics and Sustainability at HSBA Strategic Management of CSR Private Self-Regulation Legitimacy and Effectiveness Dr. Stefan Worm Assistant Professor at the BI Marketing Department Branding & Brand Management Services Marketing Customer Relationship Management Prof. Dr. Gregor Hopf Head of the Media & IT Department at HSBA Online Business Models Social Media Relations Media Conception Ulrich Brockmann Head of Finance and Investor Relations, Fielmann AG Treasury and Asset Management Risk Management Investor Relations Prof. Dr. Kamyar Sarshar Professor at HSBA Business and Media Informatics E-Business Business Process Management Prof. Dr. André Küster Simic Head of the Q&A Banner Küster Unternehmensberatung GmbH and Professor at HSBA Investment and Financing Capital Market Controlling 11
Studying at HSBA Basic principles and characteristics Photo: Stefan Malzkorn attach a great deal of importance when selecting our teaching staff to the interplay of academic excellence and many years of professional experience in well-known companies. Learn theory and methods Discuss and understand Apply in company Reflect theory Employability approach HSBA s study programmes are geared to the needs of practice and open up excellent career opportunities. Our graduates have a solid basis in business administration and are quickly in a position to respond to professional change. Value approach Excellence Commitment Fairness. HSBA is designed on the basis of this overarching motto. In our guiding principles, we have undertaken to observe the values and the model of the honourable merchant. Issues concerning business ethics are incorporated in the study programmes as an overlapping topic. Duality approach HSBA s academic approach follows the fundamental principle of duality: combining a challenging theoretical study programme with practical professional experience. Students acquire knowledge and methodological skills in the lectures and apply these in practice. Based on the experiences at the company, the knowledge acquired is then discussed, reflected upon and continuously expanded on in the lectures. In order to ensure the sustained transfer of scientific theory to company practice, we International approach Internationality is an essential component of a balanced course offering, particularly in Hamburg, a city that sees it self as the gateway to the world. HSBA considers the international nature of the course contents to be vital, offering a wide range of study programmes and events in English as well as encouraging study abroad. The share of international students on our master s programmes is 35 per cent on average, with more and more exchange students coming to study at HSBA. 12
Studying at HSBA Basic principles and characteristics Network approach HSBA maintains close connections with a large number of institutions in Hamburg and around the world. Our partner companies are at the core of our strong corporate network, flanked by the association of friends and sponsors of HSBA, the HSBA Alumni Association and our international partner universities. Excellent study conditions The bright and friendly atmosphere of our campus provides students with the best conditions for learning. Our study groups with generally no more than 30 participants facilitate productive discussions and work. All of the (compulsory) literature, databases and journals relevant are available in the HSBA library. Students benefit from the location of HSBA in the heart of the city, directly adjacent to the city hall, the Chamber of Commerce with the Commerzbibliothek and the ZBW [German National Library of Economics]. Studying in Hamburg As a seaport, Hamburg is an important location for logistics and foreign trade as well as a leading financial centre in Germany. It is also home to many advertising and multimedia agencies, media companies and cultural institutions. In addition, Hamburg is synonymous with aircraft and vehicle construction and is an important location for the health sector and has a well-developed basic industry. This mix of economic potential and a good quality of life makes Hamburg one of Europe s most dynamic business regions. With the Inner Alster lake in the centre of the city, countless parks and green spaces, its proximity to two oceans, a large range of diverse leisure activities and excellent shopping areas, Hamburg is one of the top ten city destinations in Europe and a popular place to live and study. The high quality of life is also due to the fact that Hamburg is one of the safest cities in the world. Photo: Karin Rose 13
Photo: Stefan Malzkorn 14 Mentor Ralf Meurer, Member of the Board, Euler Hermes Deutschland AG, with Mentee Svenja Völkel, Executive MBA Class of 2012
Mentoring programme of the Versammlung Eines Ehrbaren Kaufmanns zu Hamburg STUDENTS ON THE EXECUTIVE MBA benefit in particular in their personal and professional development from a special mentoring programme involving members and partners of the Versammlung Eines Ehrbaren Kaufmanns zu Hamburg e.v. (VEEK), i.e. the Honourable Society of Hamburg Merchants. VEEK embodies typical Hanseatic values that have helped merchants in Hamburg to trade and offer services successfully for centuries and that are still just as relevant in today s business world. Experienced entrepreneurs affiliated to VEEK support and accompany the EMBA students on their path to the management levels of business as personal mentors. This gives them a unique opportunity to benefit from the vast wealth of experience and networks of Hamburg s entrepreneurs in addition to an excellent course of studies. Experience is a good navigator in finding the right path to success in the jungle of networks, competitive pressure, job offers, information and media. In the mentoring process, I see myself as a navigation device that indicates a path. But it is the mentee who ultimately steers the course. Minou Tikrani, Managing Director of Konstruktiv PR- Beratungs gesellschaft mbh, Mentor and Board Member of VEEK The students take part in the VEEK programme for personal development and benefit from the mentoring offerings of the VEEK members. In addition, among other things they are permanent guests of the VEEK for the duration of their course and can attend its events. As a mentor for the master s programme, I am personally committed to passing on my experience to the mentees and to supporting them in their personal and professional development. Reinaldo Udewald, Managing Partner of WECO Consult GmbH, Mentor and Member of VEEK Photos: Stefan Malzkorn Mentor Dr. Ulrich Möllers, Ulrich Möllers Consulting, former CEO BODE-Chemie GmbH, with Mentee Timo Angerstein, MBA Class of 2014 Mentor Willem van der Schalk, CEO, a. hartrodt (GmbH & Co) KG, with Mentee Ashwini Pednekar, MBA Class of 2013 15
Course fees and funding Special offerings for students and companies Course fees The course fees are EUR 26,250 for the 24-month programme including exam fees for applications received prior to 31 May (i.e. including an early bird discount of 12.5 per cent, otherwise EUR 30,000). The course fees include the mentoring programme as well as participation in extracurricular events. The excursion to Dubai is not included. The tuition fees may be tax deductible. The JOB & MASTER programme HSBA s JOB & MASTER programme is a free placement service for applicants looking for a study place who wish to combine challenging academic and professional development. Many companies that work together with HSBA value the highly trained applicants from different specialist areas and the possibilities for further education provided by HSBA s EMBA programme. Scholarships and funding programmes HSBA also awards several full and part scholarships each year to cover the course fees for example together with the VDI ( Verband Deutscher Ingenieure : Association of German Engineers), Commerz Collegium zu Altona (a traditional association of businesspeople in the Hamburg district of Altona) and the Verein der Freunde und Förderer der HSBA (an association of HSBA sponsors). The funding is awarded to particularly gifted applicants who require and qualify for financial assistance. Financial assistance amounting to between 25 and 50 per cent and in individual cases even 100 per cent of the course fees can be awarded. Student loans are also available with special terms and conditions from banks cooperating with HSBA. Assistance from the employer The study programme is designed to train students for management tasks in companies and to lay the foundations for successful cooperation. This is attractive to students and companies alike, which is why many employers support their employees both in financial terms and by granting additional free time for the EMBA programme. The programme is aimed primarily at candidates for the M.Sc. in Global Management & Governance. In special cases EMBA candidates may enter the programme, especially if they do not live in Hamburg and are looking for a new professional challenge. The JOB & MASTER selection process The candidates apply to the JOB & MASTER programme with their written application to the master s programme. The personal and professional suitability for JOB & MASTER is assessed during the three-stage HSBA admission process. If the candidate assessed is suitable and accepted onto the study programme, the placement process starts immediately. The applicant s profile is made accessible to a large number of companies via our candidates catalogue. Additionally, he/she is also matched to one of the job profiles advertised or can apply directly to our partner companies. If necessary, HSBA can also support each applicant individually by preparing non-solicited applications. Companies arrange an in-depth job interview with suitable candidates. The quality of the professors, together with the networking possibilities, the familiar atmosphere and the personalised attention create the perfect combination for making HSBA the business school of choice for German and international students. Juan Etchart, Executive MBA, Class of 2011, Manager, Ernst & Young GmbH Advisory Services 16
Photo: Stefan Malzkorn Yvonne Kahl, Head of Personnel at Pawlik Consultants GmbH, and Karla Schmidt, JOB & MASTER Employee, M.Sc. Global Management and Governance Class of 2014 17
Application and admission Executive MBA HSBA admission process Applications can be submitted at any time. Because HSBA only awards a limited number of master s study places each year, we recommend that applications are submitted as early as possible. Admission requirements Five years of management experience. Ability to complete a course of studies in English (minimum level: B2 of the European Framework of Reference). Academic requirements - A completed third-level degree covering 210 ECTS credits and with the minimum grade good. or - a degree covering 180 ECTS credits with the minimum grade good supplemented by one additional year of professional experience or third-level training. or - passing the Entrance Exam: Applicants without a completed third-level degree but with at least 8 years of professional experience can be accepted onto the entrance exam. The entrance exam comprises a written paper, a 30-minute oral exam and a two-hour written exam. The written paper deals with a management topic. The paper must be 10 to 15 pages long and has to be submitted within four weeks. The entrance exam takes place after the Admission Day. Other documents Proof of health insurance and a valid visa must be presented when starting the course. How to apply Step 1: Written application Applications for the course must be made in writing (by post or via e-mail). Applications must include: HSBA application form Letter of motivation CV Copies of certificates including transcript of records and diploma supplement Letter of recommendation from a current or former employer or an academic reference. Step 2: Telephone interview After reviewing the documents, a 30-minute telephone interview takes place to discuss the student s motivation and qualifications. Step 3: Admission day The admission day runs for one day and involves an in-depth assessment of the applicant s personal and academic suitability. It takes place once a month in Hamburg and is held in English. Step 4: Acceptance The applicant is informed in writing of the vote by the admission board. If there are still places available, a study contract is offered. If there are no places left, a place for the following year is offered. Step 5 (if applic.): JOB & MASTER programme Step 6: Signing the contract A place is reserved on the course for the applicant after he/she has signed the contract. Welcome to HSBA! Written application Telephone interview Admission Day Acceptance JOB & MASTERplacement (if applicable) Signing the contract 18
Contact person Executive MBA Your contact person for applications Anna Beek Master Advisor & InternationalOffice HSBA Hamburg School of Business Administration Alter Wall 38 20457 Hamburg Germany Telephone: +49 40 36138-945 Telefax: +49 40 36138-751 Email: anna.beek@hsba.de Internet: www.hsba.de Companies cooperating with HSBA (Selection of more than 250 companies). 19
HSBA is the university for business in the city of Hamburg. Founded in 2004 by Hamburg s Chamber of Commerce, today HSBA cooperates with more than 250 companies. As a state-recognised thirdlevel institution, it offers a wide range of bachelor s and master s degrees in business as dual and part-time courses for more than 850 students. A cooperative doctoral programme, high-quality further education for specialists and executives, applied research and consulting round off HSBA s offering. Dual bachelor s degrees B.Sc. Business Administration B.Sc. Business Informatics B.Sc. Logistics Management B.Sc. Maritime Management B.Sc. Media Management Part-time programmes M.Sc. Global Management and Governance MBA Corporate Management MBA Shipping Executive MBA (EMBA) Cooperative doctoral programe (PhD / DBA) HSBA Hamburg School of Business Administration Alter Wall 38 20457 Hamburg T: +49 (0) 40 36138-700 F: +49 (0) 40 36138-751 E: info@hsba.de www.hsba.de facebook.com/hsba.hamburg xing.to/hsba EXCELLENCE COMMITMENT FAIRNESS OUR VALUES. YOUR SUCCESS. As of: March 2016 Photos cover page 4: Stefan Malzkorn (left, centre right), Andreas Ahnefeld (centre left), Karin Rose (right)