COMMERZBANK AKTIENGESELLSCHAFT /FI

Commerzbank Aktiengesellschaft, or simply Commerzbank AG, is a banking and financial services company headquartered in Frankfurt, Germany. The company can trace its history back to 1870 when individual and merchant bankers in Hamburg founded the Commerz- und Disconto-Bank, electing C. Woermann as the first chairman. The company would focus on mergers and acquisitions to facilitate its growth, going through a series of over 50 mergers and, subsequently, restructures. In 1940, the bank would officially adopt its current Commerzbank Aktiengesellschaft name. The bank would merge with two other regional banks in 1958 and begin expanding on a global scale, shifting its headquarters to Frankfurt in 1990. Although Commerzbank AG’s investment banking business would suffer reversals and would eventually shut down its Commerzbank Securities investment banking unit altogether, the bank would continue with mergers and acquisitions to have over 6 million customers by the turn of the 21st century. The bank currently has branches and offices in over 50 countries with its core markets focused in Germany and Poland. Commerzbank AG operates through five major business segments: Private Customers, Mittelstandsbank, Central & Eastern Europe, Corporates & Markets, and Non-Core Assets. The company provides a wide range of banking and financial services including deposit, securities, payment, securities and portfolio management, credit management, real estate, trust advisory, various open ended and close ended funds for real estate, equipment leasing, currency management products, and investment banking solutions, among many others. As of 2015, the company operates out of approximately 1,100 branches with 90 advisory centers, making it one of the most developed branch networks amongst German banks. Commerzbank AG has over 16 million clients and over 52,000 employees located around the world. The company invests most heavily in the financial and technology sectors, together making up almost 60% of its total asset allocations, and also invests in the services and healthcare sectors, among others, in order of decreasing allocation. The firm offers the Commerzbank CCBI RQFII Money Market UCITS ETF and a variety of funds such as the Old Mutual Shield Fund.