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Timo is Deputy Head Asset Management at RAG-Stiftung. Prior to that Timo was a Director in the Structured Solution Department of BNP Paribas where he was providing Fixed Income Solutions to German Insurance Companies and Pensions Funds. He started his career at the Capital Markets, Fixed Income Division of HSBC in Düsseldorf, eventually leaving as a Vice President to Bear Stearns International London in 2007. He holds a Diploma degree in Economics from the University of Nürtingen-Geislingen as well as an EMBA from ESSEC & Mannheim business school.
The RAG-Stiftung, which was founded in 2007, is a foundation which is ensuring that the RAG Corporation can discontinue subsidized coal mining in a socially acceptable manner by the end of 2018. Beginning in 2019, the RAG-Stiftung will finance RAG’s perpetual mine management obligations related to coal mining. The foundation will finance these obligations through the sale of shares in Evonik Industries AG, through the income from its holdings, and through the income from its diversified financial assets. The RAG-Stiftung also aims to promote the Ruhr and Saar regions by supporting educational, scientific, and cultural measures related to coal mining.