Herman Vandaele was appointed as chairman of the board of directors of Almancora Soci©t© de gestion, the statutory manager of the listed KBC Ancora. He will be Prof. Dr. Follow up Jules Stuyck, who has reached the statutory age limit. Herman Vandaele obtained the degrees of Licentiate in Applied Economic Sciences at the University of Antwerp (UFSIA) and Master in Treasury & Banking and Tax Management at IPO Antwerp (now Antwerp Management School) and followed an Executive Management Program at CEDEP /INSEAD in Fontainebleau and a Leadership Program at the University of Colorado Denver.