Finance
Commerzbank CEO Manfred Knof Vies for Next Term as Germany Pulls Back
- Knof has overseen a turnaround helped by rising interest rates
- A struggling economy is testing his strategy as Berlin exits
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After almost four years at the helm of Commerzbank AG, Manfred Knof has boosted profitability and persuaded the government the lender is ready for full private ownership.
Berlin’s decision earlier this week to draw a line under a crisis-era bailout now positions him to become the first chief executive officer in 15 years to run the bank without bureaucrats on his back. That is, if he can secure a second term.