Paravicini Boards Commerzbank

POSITION KEEPING - compiled by Samara Zwanger

Commerzbank has named Michael Paravicini to the new role of CIO, a board-level position. Paravicini, head of application development at Credit Suisse Retail, will move to Commerzbank, and to Frankfurt, in March. He says he took the job because of Commerzbank’s commitment to IT and its ambition to become a major industry player. "The CIO is responsible for all IT-related issues around the globe as well as for the different business areas," he says. "Hence, it offers the opportunity to free up

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