What Happened?
New York, NY-based CommerzBank AG hired Peter Kraemer as Global Head of Information Technology
About the Company
Commerzbank is a leading international commercial bank with branches and offices in almost 50 countries. In the two business segments Private and Small Business Customers, as well as Corporate Clients, the Bank offers a comprehensive portfolio of financial services which is precisely aligned to the clients needs. Commerzbank finances 30% of Germanys foreign trade and is leading in financing for corporate clients in Germany. Due to its in-depth sector know-how in the German economy, the Bank is a leading provider of capital market products. Its subsidiaries Comdirect in Germany and mBank in Poland are two of the worlds most innovative online banks. With approximately 1,000 branches, Commerzbank has one of the densest branch networks among German private banks. In total, Commerzbank serves more than 17.5 million private and small business customers, as well as more than 60,000 corporate clients, multinationals, financial service providers, and institutional clients. The Bank, which was founded in 1870, is represented at all the worlds major stock exchanges. In 2016, it generated gross revenues of €9.4 billion with approximately 49,900 employees.
About the Person
Peter Kraemer previously held various technology roles in the Financial Services sector.
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