New Offices in Sao Paolo

Commerzbank to Set Up a Subsidiary in Brazil, Business Operations Will Begin in 2016

Date:

Commerzbank to Set Up a Subsidiary in Brazil, Business Operations Will Begin in 2016

Author: Fórmate a Fondo

  1. Commerzbank has been authorized by the Brazilian Central Bank to set up a subsidiary in Sao Paulo, its business activities will target small and medium-sized enterprises, as well as major and capital market companies
  2. Harald Lipkau, who is a native of Brazil, will take on the position of General Manager of Commerzbank in Brazil. He started his career in his home country and he was most recently responsible for financial institutions in Asia within Commerzbank
  3. Commerzbank is a leading international commercial bank with branches and offices in more than 50 countries. In 2014, it generated gross revenues of almost EUR 9 billion with an average of approximately 52,000 employees