Doctor (honorary), Finance Academy Russian Federation, 2004.
He is the Chairman of the Board of Managing Directors of Commerzbank AG, Germany"s second-largest bank. 1962-1964: Apprenticeship in banking at Bankhaus Friedrich Simon Kommanditgesellschaft auf Aktien, Düsseldorf 1964-1966: Military service (1st Lieutenant) Since 1966 working for Commerzbank AG: 1966-1968: Düsseldorf Branch 1968-1973: Representative Office New York, since 1971 New York Branch 1973-1982: Düsseldorf Branch, later Joint Manager of the Duisburg Branch 1982-1986: Joint Manager of the New York Branch 1986-1990: Executive Vice President, Head of the Corporate Banking Department February 1990: Head of the department in charge of the Bank’s East German operations May 25, 2001 - May 15, 2008: Chairman of the Board of Managing Directors Since May 2008: Chairman of the Supervisory Board.
Member of the Supervisory Board of The Linde Group since 2003.
Married; 1 child.