Commerzbank shifting to local management
Commerzbank Zrt. numbers among the banks in Hungary with a totally Hungarian board of directors. András Kozma will succeeded Oliver Sipeer as president and managing director with effect from 1 July. After more than four and a half years in Budapest, Sipeer is returning to the headquarters of the bank in Frankfurt. At the same time as this change, chief executive Tamás Hák-Kovács is also leaving Budapest to continue his career as president of Commerzbank Eurasia in Moscow.