Commerzbank has signaled a shift in its acquisition strategy, indicating openness to larger-scale mergers and acquisitions following a series of smaller investments. In an interview with the Handelsblatt, Head of Private Customers Thomas Schaufler stated the bank is meticulously evaluating potential acquisitions, with a particular focus on asset and wealth management.
The possibility of acquiring customer portfolios from other institutions is also being considered. Schaufler emphasized that Commerzbank’s current financial strength and operational readiness allow it to pursue significant acquisitions, potentially leading to a more efficient utilization of its systems.
This strategic repositioning comes amidst ongoing discussions surrounding a potential takeover of Commerzbank by Italian banking group UniCredit. Any substantial acquisitions undertaken by Commerzbank could potentially complicate such a merger.
The bank recently expanded its footprint through the acquisition of Aquila Capital, a securities investor, for approximately €200 million and has also invested in the investment company Nixdorf Kapital.
Looking ahead, Commerzbank intends to broaden investment opportunities for its high-net-worth clients, including ventures into venture capital. The bank is currently seeking a partner to facilitate this expansion. Further strengthening its private equity offerings, beyond its existing collaboration with Allianz Global Investors, is also a priority. Should client demand for private equity investments continue to grow, Commerzbank suggests it might consider further acquisitions to meet this need.
