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(From Private Banker International)
Commerzbank shifted Sebastian Klein, its head of private banking, to its sagging German fund management arm Cominvest in order to revive the division's fortunes.
He will be succeeded as the group manager for private banking by Rene Kaselitz, previously head of private and business customer activities at Commerzbank's Frankfurt main branch.
Achim Kassow, the bank's asset management head, will lead the new five- member board for …