Shares of German lender Commerzbank have increased following reports that the group is working with Goldman Sachs and Rothschild in order to analyse potential M&A scenarios. Shares for the second-largest German lender, which is still part government-owned, increased by more than 4% as of noon CET, amid rumours that either Unicredit, Crédit Agricole or BNP […]
Commerzbank announced the appointment of Stefanie Pietsch as the head of sales management team in wealth management in Frankfurt. The 20-strong team supports the Wealth Management distribution in Germany throughout the customer acquisition through customer events and the provision of consultation and consulting documents. Pietsch will lead the team in the future and will further […]
Luzia Hetjens, senior portfolio manager at Commerzbank Asset Management explains how the team responded to the aftermath of the US elections and how the political changes in the US will affect their asset allocation strategies going forward. Financial market responses following the surprise victory of Donald Trump as new and 45th president of the United […]
German Commerzbank has announced the expansion of its Wealth Managment by expanding the number of offices from 43 to 105 accross Germany and increasing the number of staff from 700 to 1000, a Commerzbank spokesperson confirmed. The expansion is part of a broader restructuring process which entered into effect as of 1 June 2016, with […]
The European Banking Authority (EBA) has revealed the results of the 2016 stress test, conducted among 51 banks located in the EU and the European Economic Area, concluding that the banking sector had significantly shored up its capital base. The test was the first major health check on the European banking sector in two years, […]
Swiss financial group UBS has announced the appointment of Martin Blessing as president Personal & Corporate Banking and president UBS Switzerland in the group executive board of the company. He will take up his new duties on 1 September 2016 and will succeed Lukas Gaehwiler, who is to assume new role as chairman of the region Switzerland. Blessing […]
Swiss private banking group Julius Baer has confirmed the planned acquisition of Commerzbank Internationals private banking unit in Luxembourg, in a bid to expand its presence in the Benelux area. The transaction, worth about €68m is due to be finalised in the summer of 2016, subject to regulatory approval. Commerzbank International SA Luxembourg currently manages […]
Martin Blessing, chief executive at Commerzbank has announced his resignation as of October 2016, to coincide with the completion of the bank’s four year strategic plan. Blessing has been part of the board at Commerzbank for 15 years and lead the bank throughout the financial crisis, during which the German state had to invest €18.2bn […]
Robin Blokland (pictured) senior portfolio manager Private Clients at German Commerzbank, is like many other fund selectors across Europe facing the challenge of ensuring returns in a low yield environment. The aim is to maintain a balance between strategies with the potential to increase wealth, while being understandable and accessible to his clients. Based in Frankfurt, Blokland works in a six person team covering the Private Wealth […]
Tony Foster, CEO, and Gihan Ismail (pictured), Business Development Director at Marine Capital Ltd., comment on the problems of shipping valuation in Germany. Just as an understanding of shipping in general requires an appreciation of what process goes into making up the valuation of ships, the same can be said of shipping debt. Unfortunately, different […]
Bank liquidity experts say they have already been told by their national supervisors that they will not be allowed to relax compliance with Basel III’s liquidity coverage ratio (LCR), despite the new, staggered timeline agreed by senior supervisors and central bankers at a meeting on 6 January.
Feri EuroRating Services has announced the winners of the Feri EuroRating Awards 2013. The rating picks the top asset managers in 14 categories in German-speaking Europe.