Since 2008 Klaus-Peter Müller is the Chairman of the Supervisory Board of Commerzbank AG, Germany's second-largest bank. He joined the Commerzbank AG already in 1966 as a management trainee, became General Manager of different branches and, in 2001, Chairman of the Board of Managing Directors. From 2005 till 2009 Klaus-Peter Müller was President of the Association of German Banks. Since 2008 he has been Chairman of the Government Commission on the German Corporate Governance Code. In 2004 Klaus-Peter Müller was conferred the honorary doctorate from the Finance Academy of the Russian Federation and since 2007 he has been an honorary professor at Frankfurt School of Finance & Management.