ABOUT US

ABOUT US
RSU: from Landesbanken project to rating system provider
ABOUT US
RSU: from Landesbanken project to rating system provider

 

RSU develops and operates a broad range of systems for the assessment of credit risks. Established in 2003, RSU originated from a joint project of eight Landesbanken and DekaBank.

 

History

RSU’s history started in 2001, when German Landesbanken and the DekaBank launched a joint project for the development of internal rating systems.

The aim was to satisfy the regulatory requirements for what is referred to as the Internal Ratings-based Approach (IRBA). During the core phase of the project in 2002 and 2003, interdisciplinary project teams developed the necessary methodology for rating ten different exposure classes. Once a rating system was ready for use, it was integrated into the LB-Rating application. The joint effort allowed to draw on the experience and the portfolios of all RSU partners.

In December 2003 the project lead to the foundation of RSU. RSU’s shareholders are the Landesbanken that participated in the project and/or their legal successors.

Having received supervisory clearance for its rating systems, RSU has made them available to clients outside the group of shareholding banks since 2007. Currently, RSU’s clients include institutions from all three sectors of the German banking system, a number of financial service providers, international institutions, and institutional investors.

By now, RSU also provides other solutions for forecasting and assessing credit risks.

MANAGEMENT

Our executive team combines broad expertise and many years of experience in credit risk management.

Dana Wengrzik

DANA WENGRZIK – MANAGING DIRECTOR

Dana Wengrzik holds a Diploma in mathematics. She spent the first seven years of her career at McKinsey & Company in Munich. From 2003 to 2012 she worked in risk management at HSH Nordbank, most recently as head of the group risk control department and deputy head of Group Risk Management. In this role she was responsible for crucial components of the risk control function and oversaw the continuous development of these components. She was also in charge of communicating risk metrics, analyses, measures identified and their implementation to both internal and external stakeholders (e.g. executive board, supervisory authorities). Ms. Wengrzik has been RSU's Managing Director since 2012.

DR. JAN-HINRICH SCHRÖDER – HEAD OF METHODOLOGY

After studying physics Jan-Hinrich Schröder did reasearch at the Max Planck Institute for Brain Research. After completing his doctorate he worked as a consultant for d-fine GmbH, advising banks and industrial companies on risk management. During that time he obtained a Master of Science degree in financial mathematics from Oxford University. In 2007 Dr. Schröder joined HSH Nordbank, where he eventually headed a department focusing on methodological and operational aspects of market risk and credit risk management for seven years.
Since 2018 he has been the head of RSU’s Methodology department.
Johannes Nützel

JOHANNES NÜTZEL – HEAD OF IT & CONTROLLING

Johannes Nützel studied business administration and worked in the group Controlling department of a traffic technology company for two years before joining Basycon Consulting in 2002. As an external consultant, he was tasked with managing and monitoring the joint project for the development of internal rating systems launched by the German Landesbanken. When RSU was founded in 2004, he joined the new company as a Controller.
Mr. Nützel has been in charge of RSU's IT & Controlling department since 2007.
Dr. Thomas Reichsthaler

DR. THOMAS REICHSTHALER – HEAD OF MARKETING & SALES

Dr. Reichsthaler studied economics at the University of Regensburg and then joined the university's department of econometrics as a research associate. After completing his doctorate, he worked for BulwienGesa AG from 2001 to 2004, where his responsibilities included designing forecasting systems for German and international real estate locations and performing analytical work on subjects combining economics and real estate economics.
He joined RSU as a project manager in 2004 and was initially tasked with reviewing and further developing several rating systems.
Dr. Reichsthaler has headed RSU's Marketing & Sales department since 2012.

IRIS MUGELE – HEAD OF LEGAL, HR & ORGANISATION

Iris Mugele studied law at Friedrich-Alexander Universität Erlangen-Nürnberg, the university of Würzburg, and Temple University, Philadelphia. After starting her professional career she obtained a Master of Business Administration degree from the UK Open University Business School.
Iris Mugele spent the first two years of her career as an attorney with an international business law firm in Frankfurt, specialising in company law and M&A. After that she set up the legal department of a medium-sized IT company in Munich, which she headed for four years. She then moved on to an international IT group as a company lawyer before joining RSU in 2010 as a legal officer.
Since 2018, Iris Mugele has been the head of RSU’s Legal, HR and Organisation department.

Partners

Since RSU’s foundation, the comprehensive knowledge, expertise and experience of the German Landesbanken and DekaBank have substantially contributed to the ongoing testing, validation and improvement of the RSU-products. Its partners are:

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