Austrian Bernd Spalt is the new head of risk management at Commerzbank

Germany's Commerzbank gets the following board member from Austria: Bernd Spaltformer Chairman of the Austrian Erste Group Bank, will take up his position as of January 1, 2024 Markus Chromick As Head of Risk at Frankfurt DAX Group. The change was already announced in mid-September, but still requires approval by the supervisory authority.

A former member of the Board of Directors of Erste Group and Erste Bank Austria, Spalt has “many years of experience in all areas of risk management,” Commerzbank announced when the director was appointed in September. From January 2020 to the end of June 2022, Spalt served as CEO of Erste Group Bank AG.

There are still problems regarding the previous appointment of the Risk Management Board at Commerzbank. The director of Commerzbank originally intended to hold the position of the board of directors Rudiger Ras After discussions with the Banking Supervision Authority and in agreement with the Board of Directors and the Supervisory Board, Commerzbank announced in June that it would no longer be available.

He is also Head of Human Resources and Head of Private Clients at Erste Group

Spalt is not the first member of the Commerzbank Board of Directors to work at the Austrian Institute: he is also Director of Human Resources, in his position since January 2023. Sabine Malnarski and Head of Private Client, who has held his position since the end of 2021 Thomas Schauffler She previously worked at Erste Group Bank.