Commerz CFO Engels leaves for Danske

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By Jasper Cox
05 Sep 2019

Danske Bank has appointed Stephan Engels as chief financial officer, leaving the same post vacant at Commerzbank. The move comes as the Danish lender has been dealing with the fallout from a money laundering scandal, while its German counterpart has warned of difficult business conditions.

Engels, CFO at Commerzbanksince 2012, is expected to join Danske in April 2020, when his contract at the German bank runs out; Commerzbank said that Engels was committed to fulfilling this contract.

Christian Baltzer, CFO at Danskesince last year, is leaving. Until Engels joins, Jacob Aarup-Andersen, head of ...

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