Market welcomes Commerz's new CEO Knof

Commerzbank_Adobe_575x375_14May2020
By Jasper Cox
28 Sep 2020

Manfred Knof's appointment to succeed Martin Zielke as Commerzbank chief executive has been welcomed by market participants, ahead of an expected strategy update at the German bank.

Knof, 55, will take over from January 1 as chair of the board of managing directors, subject to supervisory approval, Commerzbank announced on Saturday. Zielke remains chief executive until then.

Commerzbank's chair of the supervisory board, Stefan Schmittmann, also left last month. The departures were linked ...

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