Commerzbank appoints Manfred Knof as Chairman of Board of Managing Directors

Maria Nikolova

Manfred Knof will succeed Martin Zielke as Chairman of the Commerzbank Board of Managing Directors.

At its meeting held on September 26, 2020, the Supervisory Board of Commerzbank unanimously appointed Manfred Knof as successor to Martin Zielke as Chairman of the Commerzbank Board of Managing Directors.

This decision is subject to the approval of supervisory authorities.

Martin Zielke will remain Commerzbank’s CEO until the end of December 2020, for his performance at the helm of the Bank.

From 1 August 2019 to its merger into Deutsche Bank AG in Mai this year, Manfred Knof was Chairman of the Board of DB Privat- und Firmenkundenbank AG and now continues to be Head of Deutsche Bank’s Private Bank Germany.

Until 2017, he was Chief Executive Officer of Allianz Deutschland AG and comprehensively digitalised the business of the insurer, was responsible for the growth initiatives in all distribution channels and steered Allianz’ Turn-Around program. In 1995, he joined the Allianz Group and held various management positions in Germany and abroad, including Regional CEO of Central and Eastern Europe. Between 2003 and 2005, he held various positions at Dresdner Bank, most recently as Head of the private banking business in Southern Germany, with responsibility for more than 1000 branches. He began his career in 1991 at the management consultancy Kienbaum Management Consultants in Düsseldorf.

Knof studied law at the University of Cologne and attained its doctorate in 1994. He also holds a Master of Business Administration from New York University.

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