After completing his professional banking qualification (Bankkaufmann) at the Stadtsparkasse (municipal savings bank) in Munich, Mr. Fichtl worked from 1969 to 1974 in a commercial capacity with Arnold Becker Textilgrosshandlung und Eisen und Metall AG (Munich), Interhobby Hotelgesellschaft mbH & Co. Anlage KG (Munich), and corporate consultant Treurechnung GmbH (Munich).

In 1975 Mr. Fichtl moved to the KanAm Group, was made an authorized signatory of the company in 1976, became a managing director in 1985 and has been a partner in various KanAm companies since 1986.