Commerzbank gets a new boss. According to media reports, Manfred Knof, top manager of Deutsche Bank, is a tough restructuring engineer. Accordingly, yesterday market participants reacted positively to Knof’s upcoming move to the top of Commerzbank. The paper went up by 5.6 percent. It remains to be seen whether the trend will continue. Major shareholder Cerberus called for a change of strategy after the share fell to a record low in the summer. From January, Knof will take over the helm. That could raise corresponding hopes in the coming weeks.
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The contribution Commerzbank – New boss stirs the imagination! first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).
Author: Richard Pfadenhauer
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