Martin Zielke hands over the office of President of the Association of German Banks to Hans-Walter Peters

Against the backdrop of his resignation as Chairman of the Board of Managing Directors of Commerzbank AG, Martin Zielke is also stepping down as President of the Association of German Banks. “I have asked my predecessor, Hans-Walter Peters, to take over as head of the association. The banks have a central role to play in the current phase of tackling the coronavirus crisis. The association needs to focus all its efforts on this at the present time,” said Martin Zielke.

An extraordinary meeting of the association’s Board of Directors reelected Peters as President until the regular meetings of the governing bodies take place in spring 2021.

“With Germany holding the EU Council Presidency, an important time lies ahead of us, in which major decisions have to be made that will determine the future course of the European economy. We banks want to play a key part in the process and strengthen Europe,” Hans-Walter Peters said following his election.

Peters was at the helm of the Association of German Banks from 2016 to 2020. In April this year, Martin Zielke was elected his successor. Hans-Walter Peters has been a Managing Partner since 2000 and Spokesman of the Managing Partners since 2009 at Joh. Berenberg, Gossler & Co. KG. He joined the Board of Directors of the Association of German Banks in 2010. Martin Zielke has been a member of the Board of Managing Directors of Commerzbank AG since 2010 and was appointed Chairman in 2016. He has sat on the Board of Directors of the Association of German Banks since 2016.