In the second of a two part interview, Stefan Armbruster (pictured), head of Europe and member of the board of Bank Vontobel Europe, talks about the impact of the Commerzbank/Deutsche Bank exit in the German market, the opportunities this will open up and how US banks are expanding in countries where competitors are relatively weaker.
Can you give me a quick overview of the German market and what opportunities may or may not come on the back of recent developments such as SG’s acquisition of Commerzbank, Deutsche Bank exiting the market, etc? Stefan Armbruster: To put it bluntly, we are losing the two biggest German issuers – two domestic issuers. There are 18 issuers active in the German market right now. A very competitive environment. There are a huge number of products in Germany - 1.8 million are listed on t
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