Ad-hoc release

26.04.2002 - New generation takes over at comdirect bank AG

Quickborn, April 26, 2002

On April 26, the supervisory board of comdirect bank, subject to the approval of the German Federal Banking Supervisory Office, appointed Dr. rer. pol. Achim Kassow as the new chairman of the board of managing directors of comdirect bank, Quickborn, as of June 1, 2002.

Dr. Kassow, born in 1966 in Hanover, trained as a bank clerk and studied business administration and economics in Cologne. Since 1993, he has worked for the Deutsche Bank Group, rising to the post of member of the board of managing directors of Deutsche Bank 24.

Bernt Weber (60), who played a leading role in making comdirect into Germany?s and Europe?s leading online broker and was involved in the bank?s development right from the outset, is resigning from its board of managing directors. He was responsible on the board for strategy and development, and also corporate communications and investor relations. Klaus-Peter Müller, chairman of the board of managing directors of Commerzbank and chairman of comdirect?s supervisory board, thanked Mr. Weber for his great efforts on behalf of the bank. As one of the ?pioneers of direct banking in Germany?, he has done the Commerzbank Group great service, said Mr. Müller.

In addition, the annual general meeting of comdirect bank on May 10 in Hamburg is being requested to elect Martin Blessing (38), the Commerzbank management board member responsible for retail banking, to the supervisory board. Once elected, he will take over from Klaus-Peter Müller (58) as chairman of the supervisory board.


comdirect bank AG

Dr. Andre Carls
Mathias Hajek

Tel. 04106 704 1315

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