From 1989 to 1996, Blessing worked for
McKinsey & Company where he became Partner two years prior to his leaving the company. From 1997 to 2000, he held the position of joint Head Private Clients at Dresdner Bank. From 2000 to 2001, he was Chief Executive Officer of Advance Bank, a subsidiary of Dresdner Bank AG. In July 2003 Advance Bank was dissolved as a stock corporation and legally integrated into Dresdner Bank.
Commerzbank, 2001–2016 In November 2001, Blessing joined the
Commerzbank AG, where he worked for 15 years. Before being appointed Chief Executive Officer in 2008, he held several senior management positions; from 2001 to 2004, he was Head of Private Clients, from 2004 to 2008, he was Head of Corporate Banking and from 2006 onward he was also responsible for IT & Operations. He was later credited with nursing the bank back to health after it was bailed out with 18.2 billion euros by the German government in early 2009, although its share price remained under pressure. In his capacity as CEO, Blessing accompanied
Chancellor Angela Merkel on various state visits abroad, including to China in 2010 and 2012.
Later career In 2016, Blessing joined UBS. He served as Co-President
Global Wealth Management at UBS Group AG and member of the UBS Group Executive Board. Prior to this, he held the position of President Wealth Management from January 2018 to February 2018 and President Personal & Corporate Banking of UBS Group AG and President UBS Switzerland as well as President of the Executive Board of UBS Switzerland AG from September 2016 to December 2017. In October 2019, Blessing left UBS and was succeeded by Iqbal Khan. On March 15, 2021, it was confirmed that Blessing, together with other top managers from the financial industry, would establish the first European
special purpose acquisition company (SPAC) focused on fintechs and the financial industry. ==Other activities==