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Commerzbank executive drops out of running for board after talks with ECB

A logo of the bank is seen next to the headquarters of Commerzbank one day ahead of the bank's rejoinment to Germany's share price index DAX in Frankfurt, Germany, February 26, 2023. REUTERS/Kai Pfaffenbach

By Tom Sims

Ruediger Rass, an executive with Germany’s Commerzbank, has decided to remain in his current role rather than join the management board following discussions with the European Central Bank, a Commerzbank spokesperson said on Tuesday.

Rass was to join the board of Commerzbank, one of the nation’s biggest banks, as chief risk officer.

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