Martin Blessing

from Wikipedia, the free encyclopedia

Martin Blessing (born July 6, 1963 in Bremen ) is a German manager , member of the Executive Committee and Co-President Global Wealth Management of UBS Group AG. From 2008 to the end of April 2016 he was CEO of Commerzbank .

biography

Family, education

Blessing comes from a banking family. His grandfather Karl Blessing was President of the Bundesbank between 1958 and 1969 , his father Werner Blessing , who died in 1987, was a full member of the Board of Management of Deutsche Bank from 1984 .

He passed his Abitur at the Bischof-Neumann-Schule in Königstein im Taunus . After completing his apprenticeship as a banker at Dresdner Bank , he studied business administration at the universities of Frankfurt and St. Gallen from 1984 to 1987 , where he was also a member of the International Students' Committee . In 1988 he received a Master of Business Administration degree from the University of Chicago Booth School of Business .

During his studies he met his current wife Dorothee Blessing . The couple has three daughters. A brother-in-law of Blessing, Axel Wieandt , was CEO of Hypo Real Estate from 2008 to 2010 .

job

From 1989 to 1996 he worked for the management consultancy McKinsey , the last two years of which as a partner. From 1997 to 2000 he worked at Dresdner Bank in the Private Customers division . From 2000 to 2001 Blessing was CEO of the Advance Bank , which at the time belonged to Dresdner Bank , which also made losses under his leadership and was dissolved in 2003. Since November 2001 he has been a member of the Board of Management of Commerzbank AG. In 2004, a large part of SchmidtBank , which was managed by the restructuring engineer Paul Wieandt, Blessing's father-in-law, was taken over by Commerzbank. In May 2008, Blessing was appointed spokesman for the Board of Management and one year later was appointed Chairman of the Board of Management of Commerzbank. From January 2009 to May 2009 he was also CEO of Dresdner Bank, which was taken over by Commerzbank.

After Commerzbank bought Dresdner Bank at the instigation of Blessing and his predecessor and current chairman of the supervisory board, Klaus-Peter Müller , but also with political support from the federal government, the financial crisis caused the bank to endanger its existence from 2007 onwards and the Federal Republic of Germany joined it 18.2 billion euros saved. As a consequence of the financial crisis, the then Federal Finance Minister Peer Steinbrück laid down the rule according to which board members of banks rescued with state aid were allowed to receive a maximum of 500,000 euros per year. Nonetheless, the bank's supervisory board approved an increase in salaries for 2012, including an increase in Blessing's fixed salary from EUR 0.5 million to EUR 1.3 million.

Blessing had not accepted Commerzbank's offer to extend his contract, which ran until the end of October 2016. The bank announced this on November 1, 2015. Blessing's activity at Commerzbank ended on April 30, 2016, and it was announced on May 11 that Blessing would move to the UBS Management Board .

He has been a member of the Executive Committee since September 2016 and was President Personal & Corporate Banking of UBS Group AG and President UBS Switzerland and President of the Executive Board of UBS Switzerland AG until December 2017. From January 2018 he was President Wealth Management and in February 2018 (together with Tom Naratil) became Co-President Global Wealth Management of UBS Group AG and UBS AG.

In late summer 2019, however, the major Swiss bank announced that Blessing would leave the bank. [5]

Memberships

Blessing is a member of the board of the Baden-Baden entrepreneur talks.

Web links

Individual evidence

  1. ↑ At Commerzbank the time of humility ends , handelsblatt.com; second part
  2. ↑ Blessing moves into the USB board , manager-magazin.de
  3. ↑ UBS Group Management , UBS, accessed on July 4, 2019
  4. ↑ The association. Retrieved October 30, 2018 .
personal data
SURNAME Blessing, Martin
BRIEF DESCRIPTION German bank manager
DATE OF BIRTH July 6, 1963
PLACE OF BIRTH Bremen