Generally, the appointment of a person or a company to independently take care of business, such as the management of assets, which one cannot, will not or may not take care of oneself. – In the insurance sector, the supervisory authority had to reprimand several agreements that in some cases turned trustees into management consultants. – See outsourcing, contractual trust arrangement, file management, centralized, ancillary services, bank-related nominee, outsourcing, spin-off, trustee, fiduciary account, fiduciary models. – See BaFin 2005 Annual Report, p. 95; BaFin 2009 Annual Report, p. 206 (role of trustee in divestitures).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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