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Sükriya Aclan has been appointed as the new Head of Wealth Management at UBS Germany, taking over from Philipp Neuhofen. Aclan, who has a background with Dresdner Bank, Commerzbank, and Oddo BHF, will oversee the bank's wealthiest private clients in Germany.In other leadership changes, Björn Jesch has left DWS, with Vincenzo Vedda stepping in as global Chief Investment Officer. Sven Württemberger has been named as Jesch's successor as Head of Switzerland at DWS. Nikolaus Maximilian Linaric will join the Executive Board of ING Germany in December, while Rainer Mellis has resigned from Volksbank Düsseldorf Neuss amid a fraud case. Additionally, Stephan Manz has moved to Aareal Bank as Chief Operating Officer.
Bettina Orlopp, CEO of Commerzbank, expressed concerns over a potential takeover by Unicredit, citing integration challenges and risks to German SMEs due to overlapping corporate customer bases. She noted that such a merger could lead to a downgrade in Commerzbank's credit rating and increased refinancing costs. Despite these risks, the bank's shares remain a strong buy, with a target price above €20.
Bettina Orlopp, CEO of Commerzbank, expressed concerns over a potential takeover by Unicredit, citing integration challenges and risks to German SMEs due to overlapping corporate clients. She noted that such a merger could lead to a downgrade in Commerzbank's rating and increased refinancing costs. Despite these risks, the bank's shares remain a strong buy, with a target price above €20.
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leadership changes in major banks across germany and switzerland
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Union Investment GmbH
ING Groep N.V.
DWS ACCESS Hydrofonds GmbH
Dresdner Bank
UBS AG
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Nikolaus Maximilian Linaric
Sven Württemberger
Björn Jesch
Sükriya Aclan
Vincenzo Vedda
Stephan Manz
Philipp Neuhofen
Rainer Mellis
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14:50 16.11.2024
concerns raised over potential unification of comdirect and unicredit banks
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Commerzbank AG
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Bettina Orlopp
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13:22 19.10.2024
manager warns of risks in potential unicredit takeover of commerzbank
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Semperit Aktiengesellschaft Holding
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Bettina Orlopp
Semperit AG Holding
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13:21 19.10.2024
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