Commerzbank names Deutsche Bank’s Manfred Knof as new CEO | Malay Mail

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BERLIN, Sept 27 — Commerzbank, Germany’s second largest bank which has been hit by the coronavirus pandemic and the Wirecard scandal, on Saturday named Manfred Knof from rival lender Deutsche Bank as its new chairman. The appointment is a bid to end turmoil after Martin Zielke resigned at the...

Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany September 30, 2016. — Reuters pic

The appointment is a bid to end turmoil after Martin Zielke resigned at the start of July, following sustained criticism by shareholders of his performance and the bank’s losses.

 

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