Commerzbank's chief controller sees a great need for renovation

Commerzbank
Commerzbank
The new chief controller, Hans-Jörg Vetter, sees great need for renovation at Commerzbank.

"It's about increasing earnings, reducing costs and questioning the status quo," said Vetter in an interview on the Commerzbank intranet, which the "Handelsblatt" (Friday edition) reported on. “Commerzbank has a lot of good things, but there is still room for improvement in terms of efficiency and profitability. There are still many traditional structures that are no longer appropriate to today's requirements and the size of the bank. "

At the beginning of August, Vetter succeeded Stefan Schmittmann as head of the Commerzbank supervisory board. How the institute will be set up more efficiently, the board has to decide, said Vetter. After all, the supervisory board is only a controlling body. “But I am Swabian and we are said to work hard and be thrifty. And in my role as chairman of the supervisory board I will do everything I can to serve this cliché. ”Vetter is currently looking for a successor to CEO Martin Zielke, who will leave the institute by the end of the year at the latest. "Finding the right candidate for this job is currently my top priority," said Vetter. The bank will put together a shortlist of possible internal and external candidates and then decide together in the supervisory board.