Association of Chief Financial Officers Germany (GEFIU)

IGTA Membership:
Full Member
Date of association formation:
January 1, 1969
Date association joined IGTA:
January 1, 1998

IGTA Representative
Helmut Schnabel
+49 (0) 69 7707 6606
+49 (0) 69 3535 1512
Asecuris Asset Management Advisory GmbH
Textorstraße 72
60594 Frankfurt am Main

Association General Enquiries
+49 (0) 6172 598709
+ 49(0) 6172 598710
Association Secretariat
Missis Christiane Ditthardt
Dahlienweg 11
61381 Friedrichsdorf

Association Technical Enquiries
Contact Association Secretariat

Association Membership:
Association Membership (at April 2011) members (by headcount) - 190
IGTA Membership - Full Member
Date of association formation - 1969
Date association joined IGTA - June 1998
Membership Criteria:

The Gesellschaft für Finanzwirtschaft in der Unternehmensführung e.V. (GEFIU), in English official name "The Association of Chief Financial Officers Germany (GEFIU)" , has some 200 members who are chief financial officers or finance directors of German industrial and trading companies as well as insurance companies, banks and other financial services.

GEFIU was founded in 1969. Its Annual General Meeting for all members is held in Frankfurt am Main, during November each year.

Education and Training:
Since 1984, GEFIU has organized every year a unique one-week seminar, recently three-day seminar, for future top managers in the financial departments of industrial companies.
Other Activities:

GEFIU's activities are mainly taking the form of workshops which deal, for example, with capital markets, leasing, external financial accounting, company law, as well as treasury functions in multi-divisional companies. Over the years GEFIU has published dozens of technical commentaries for government representatives and politicians, regulatory authorities, scientists, and colleagues in the financial sector.

- Workshop : Capital Markets
- Workshop : Leasing
- Workshop : External Financial Accounting
- Workshop : Treasury
- Workshop : Medium Sized Corporations

Half-day to One-day seminars/ workshops, in recent years, have been held on the following current issues:

- Investor relations
- Problems of international liquidity
- Risk management
- Rating procedures
- Basle II
- Bank internal rating procedures
- Hedge Funds: Their Role, Dangers, Need for Regulation
- Single European Payment Area, SEPA
- Surveillance and Steering of Corporations in the Context of the 8th European Union Directive and the German Law of the Modernisation of Financial Accounting
- IASB Exposure Draft Accounting for Pensions
- Present Developments and Working Program, including Subject Convergenbce between IFRS and US-GAAP


Board of management:

Helmut Schnabel, Managing Director, Asecuris Asset Management Advisory GmbH, Frankfurt am Main, Chairman GEFIU

Dr. Michael Becker, Vice-Chairman of the board of GEFIU, Member of the supervisory board, Symrise AG, Darmstadt

Ralph Dihlmann, Chief Financial Officer, WEPA Industrieholding SE, Arnsberg

Dr. Michael Heise, Chief Economist, Allianz SE, Munich

Thomas Kölbl, Chief Financial Officer, Südzucker AG, Mannheim

Dr. Matthias Zieschang, Chief Financial Officer, Fraport AG, Frankfurt am Main.

Association Journal and/or Publications:
Annual Conference: