The Executive Board is to switch to the Supervisory Board this year.
(Photo: PR)
Frankfurt Germany’s oldest family-owned private bank is facing a turning point in turbulent times. Emmerich Müller will only manage the bank, which was founded in 1674, as primus inter pares on the seven-person board until the middle of the year.
Müller believes that stocks will do better than bonds this year. However, he also warns that despite the abrupt turnaround in interest rates by the central banks, the time for negative real yields is not over yet. Inflation is to blame, which the Metzler banker believes will remain at a high level. Müller fears that investors will have to prepare for much more turbulent times than in the past decade.
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