Deutsche's Knof picked to run Commerzbank

摘要

COMMERZBANK has appointed Manfred Knof, head of Deutsche Bank's private customers division, as chief executive to succeed Martin Zielke. "This is the first appointment of an external candidate that Commerzbank has made in the modern era, with previous CEOs all having been internal appointments," said Nicholas Herman, analyst at Citigroup, who also praised the bank for its speed in appointing a successor.