as of 14 January 2020

Andreas D. Schwung (57) has been named the new president-CEO of the Board of Commerzbank Zrt. in Budapest, Hungary as of 14 January 2020. He will continue to expand the bank’s activities focusing on corporate clients in Hungary. The new president-CEO replaces Klaus Windheuser (49) who leaves the Group of his own accord after over 30 years.

Schwung has many years of experience and has broad expertise across Commerzbank’s corporate banking. Joining the Bank in 1982, he has filled diverse corporate banking positions in Germany and New York, Moscow, Shanghai and Tokyo, and has recently held the role of Country-CEO of Commerzbank AG Iberia in Madrid with responsibility for Spain and Portugal.

“I am very glad to have engaged Andreas a colleague with extensive knowledge in corporate banking for our Hungarian subsidiary. We are pleased that we can continue the growth trajectory of Hungary together. We wish him every success and a positive start” said Sven Gohlke, Regional Board Member of Commerzbank for Central and Northern Europe and Chairman of the Supervisory Board.

Schwung was born in Emmerich, Germany. He obtained a degree in banking business management (BA). He is married and has three children.

His predecessor, Windheuser is moving to be a board member with responsibility for corporate clients and treasury business at Sparkasse Bremen.

“Klaus Windheuser has shown outstanding engagement and has been highly successful in his work in various positions within the Commerzbank Group. He has been a driver of the outstanding development of Commerzbank Zrt. in recent years. I wish him all the best in the next stage of his career.” said Sven Gohlke.