comdirect - eine Marke der Commerzbank AG
ots Ad hoc-Service: comdirect bank AG <DE0005428007> Investmentbanking
Quickborn, Germany (ots Ad hoc-Service) -
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comdirect establishes investment banking division Supervisory Board appoints fourth member to the Board of Managing Directors to lead the new sector
comdirect bank AG (WKN 542 800) today announced that it will establish an investment banking business division. The Supervisory Board of the online broking company has approved of this measure. Dr. Andre Carls, who has been appointed as the fourth member to the company's Board of Managing Directors, will be responsible for developing and managing the new division. Dr. Carls's appointment to the Board of Managing Directors is scheduled to become effective as soon as the Federal Banking Supervisory Office has decided that Dr. Carls fulfils the requirements for working as an executive bank manager.
By entering the field of investment banking, comdirect will in particular be able to strengthen its position in the IPO sector. In doing so, comdirect will leverage its placement power as Europe's largest online broker and expand its activities as a selling group member and, ultimately, also act as an underwriter of IPOs.
By setting up the new business division, comdirect aims to improve customer retention in its core business of direct brokerage and to tap new earnings potentials by realising additional commission income. The development of the investment banking division will commence on 1 December 2000, the date on which Dr. Andre Carls will start working for comdirect bank AG.
Dr. Andre Carls was born in Krefeld, Germany, in 1963 and has been with Commerzbank AG since 1990. During this time, he has primarily worked in the bank's Syndicated loans and new issues, in the business fields Corporate Finance and Global Equities. From 1998 to 2000, Dr. Andre Carls was involved in setting up the investment banking department at the London branch office of Commerzbank.
Contact:
comdirect bank AG Gregor Sparfeld Investor Relations Manager
Tel.: ++49 / 4106 / 7041966
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