Cembra Money Bank AG announced that as part of its updated strategy, Cembra is combining its client-facing units in the newly created Sales and Distribution division. Peter Schnellmann, an experienced sales and distribution expert who has already worked for Cembra in leading positions from 2009 to 2018, has been appointed Chief Sales and Distribution Officer and member of the Management Board as of 1 January 2022. The current members of the Management Board, Daniel Frei, Managing Director B2C, and Jerry Fohringer, Managing Director B2B, have decided to leave the company.