The man who called for Dresdner Kleinwort bankers to give up their bonuses three months ago has been one of the main beneficiaries of a round of promotions at parent Commerzbank.

Eric Strutz, chief financial officer of Commerzbank, who in February said it was "regrettable" the bank was not paying bonuses to staff without guarantees, and urged those with guaranteed bonuses to give them up as a token of goodwill, has been given additional responsibility as head a newly-created portfolio restructuring unit. This division was set up to reduce portfolios that are not part of the bank's core business. He will take the role from June 1.