Commerzbank corporate lending head to leave - source

Commerzbank corporate lending head to leave - source
 

Markus Beumer, who leads Commerzbank's flagship corporate lending business with Germany's medium-sized "Mittelstand" companies, will leave the bank by the end of October as his unit will be split up, an industry source told Reuters.
Beumer, 52, had been seen as a likely candidate to succeed former Commerzbank Chief Executive Martin Blessing, who was replaced instead in May by former retail banking head Martin Zielke.
Commerzbank declined to comment on the question of Beumer's departure.
Earlier on Thursday, Commerzbank announced it would cut more than a fifth of its workforce and... read more

 
29 September 2016 in Business, Views: 43
Source: Reuters
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