GLOBAL - Commerzbank, the embattled German financial services firm, is taking drastic action in light of what it calls "last year's unacceptable results", action that includes a dramatic retreat from most asset management regions.
Commerzbank’s decision - announced by Klaus-Peter Müller, chairman of the firm’s board of managing directors - will see the firm sell off the majority of its fund management operations, retreating ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
