People: COMMERZBANK AG (CBKG.DE)
Dr. Stefan Schmittmann has been Member of the Management Board and Chief Risk Officer at Commerzbank AG with effect from May 7, 2009. Until April of 2008, Dr. Schmittmann was Member of the Board of Bayerische Hypo- und Vereinsbank AG, Munich, responsible for the commercial real estate and corporate banking divisions. He was also Member of the Executive Committee of UniCredit Corporate Division. After studying Business Administration at St. Gallen University, Schmittmann began his banking career in 1986 at what is now today HVB, the former Bayerische Vereinsbank. Dr. Schmittmann held various management positions in the credit and financial control departments until he took over as joint head of the risk management division at the Munich group head office, rising to become Chief Credit Risk Officer on the divisional board five years later. As speaker of the Board of Vereins- und Westbank, Schmittmann played a role in promoting the integration of Vereins- und Westbank AG in Hamburg into HVB. Dr. Schmittmann also serves as Member of the Board at Schaltbau Holding AG, Verlagsgruppe Weltbild GmbH, Commerzbank Auslandsbanken Holding AG, Eurohypo AG as well as BRE Bank. Moreover, he occupies the position of Chairman of the Board at KG Allgemeine Leasing GmbH & Co. and is Deputy Chairman of the Board of Commerz Real AG.
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