Commerzbank announced that Nicholas Teller steps down from his mandate

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The FINANCNIAL — Nicholas Teller (61), Member of the Supervisory Board of Commerzbank, is stepping down from his position on 31 December 2020. Hans-Jörg Vetter: “Nicholas Teller has been part of Commerzbank for almost 40 years, and since May 2014 as a Member of the Supervisory Board. Even though the time we spent together on the Supervisory Board has been comparatively short, I would still like to extend my warmest thanks to him – also in the name of my predecessors – for his many years of commitment.”

Teller joined Commerzbank as a trainee in 1982. After several management positions in Corporate Clients business in Germany and abroad, he was appointed as a Member of the Board of Managing Directors in 2003.

Andreas Schmitz (60), currently Chairman of the Supervisory Board at HSBC Trinkaus & Burkhardt AG and former President of the Association of German Banks (BdB), is to be appointed as his successor. Vetter: “I am delighted that we have been able to attract Andreas Schmitz as a well-established expert in the financial sector to our Supervisory Board.” Andreas Schmitz is leaving the Supervisory Board of HSBC Trinkaus & Burkhardt AG at the end of the year.

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