After working as a freelance lawyer for three months, the call came from the largest German deconsolidated environment, which I followed. With a balance sheet length of almost €350 billion (nominal €175 billion plus derivatives) and a Commercial Real Estate portfolio with an original volume of €27.2 billion with 1603 counter parties and 3,512 individual positions with a geographical focus on the UK, USA and Germany, this was the dream job of every restructurer and liquidator.
My area of responsibility included credit exposures in all corners of the globe, which cannot be surpassed in complexity. But the wind of a start-up also blew during the FMS World: FMS was newly established to provide state support for Hypo Real Estate within the framework of the Financial Market Stabilization Fund Act and to rescue it from insolvency. Here, too, I not only worked in the Real Estate division, but also had the opportunity to devote myself to completely new projects as division manager.