2024-01-08 15:57:45
According to information from FAZ, Commerzbank has poached Matthias Füssel from ING Germany. The lawyer was only promoted by ING to HR Manager Germany in April 2022 and a member of the Dutch bank’s global HR management team. At Commerzbank, Füssel is set to succeed Martin Rumpf, who will retire in the summer of 2024 after more than 35 years at Commerzbank, the last ten of which were as Head of Human Resources (HR). It is not yet clear when exactly Füssel will move to Commerzbank. The personnel should be officially announced later this week. When confronted with this information, the Commerzbank spokesman did not want to comment.
For Füssel it is a return to Commerzbank. Before moving to ING, he worked for Commerzbank as head of labor law in the legal department until September 2019. Füssel will now be one of around three dozen department heads, which is the hierarchical level below the seven-member board at Commerzbank. Füssel is highlighted in that he is the only divisional manager in the department of Human Resources Director Sabine Mlnarsky. Human resources management at Commerzbank also faces particular challenges.
Many employees are apparently tired
While Commerzbank made up ground externally through its return to the DAX and good business figures in 2023, many employees are obviously tired after many years of staff cuts and strategic changes. An employee survey in June 2023 showed that only a minority of the 36,000 employees are convinced of the bank’s strategy and perceive it as an attractive employer. This is significant because Mlnarsky, who moved from Erste Bank in Austria to the Commerzbank board in January 2023, has made a pivot. While her predecessor Sabine Schmittroth offered a “sprinter bonus” in 2021 so that only 56-year-old employees would accept early retirement by 2024, Mlnarsky is taking a completely different approach.
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She noticed that Commerzbank now has to hire 2,000 people a year if it doesn’t want to shrink its workforce. Because 20,000 Commerzbank employees will be retiring in the next ten years. Even if only half of them are to be rehired in Germany, this will not be easy given the limited cohorts. The new Füssel division director, who passed his first state law examination at the Johannes Gutenberg University in Mainz from 2002 to 2006 and then his second state law examination at the Koblenz Higher Regional Court in 2008, will have to provide new impetus for recruiting employees.
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