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Commerzbank: Manfred Knof to become the new Chairman of the Board of Managing Directors - Seite 2

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. Manfred Knof is married and has two sons.

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About Commerzbank
Commerzbank is a leading international commercial bank with branches and offices in nearly 50 countries. The Bank's two business segments - Private and Small-Business Customers and Corporate Clients - offer a comprehensive portfolio of financial services precisely tailored to their customers' needs. Commerzbank transacts approximately 30% of Germany's foreign trade and is the market leader in German corporate banking. The Bank offers its sector expertise to its corporate clients in Germany and abroad and is a leading provider of capital market products. Its subsidiaries, Comdirect in Germany and mBank in Poland, are two innovative online banks. With approximately 800 branches going forward, Commerzbank has one of the densest branch networks in Germany. The Bank serves around 11.5 million private and small-business customers nationwide and over 70,000 corporate clients, multinationals, financial service providers, and institutional clients worldwide. Its Polish subsidiary mBank S.A. has around 5.7 million private and corporate customers, predominantly in Poland, but also in the Czech Republic and Slovakia. In 2019, Commerzbank generated gross revenues of €8.6 billion with approximately 48,500 employees.