Raiffeisen Zentralbank Österreich (RZB) has appointed lawyer Michael Höllerer as a member of the managing board, effective as of 1 July 2015.
Höllerer is currently head of division and secretary general, as well as managing director of Raiffeisen Kapitalanlage-Gesellschaft, a position that he has now resigned from.
He will be the board member responsible for marketing, treasury and sector business.
Erwin Hameseder, chairman of the supervisory board and president of Raiffeisen-Holding Niederösterreich-Wien, said: “Michael Höllerer has a high degree of expertise regarding banking and regulatory affairs and profound knowledge of our banking group, a strong drive for results and the necessary pragmatism.”
In addition, Johann Strobl, chief risk officer and deputy CEO of Raiffeisen Bank International (RBI) has resigned from his position on RZB’s management board due to regulatory requirements that require both organisational and functional separation between RBI and RZB.
Strobl’s role on the board will be taken over by Johannes Schuster, who has been a member of the board responsible for marketing, treasury and sector business since 2010. He will now focus on risk, regulatory affairs and the transformation office – or organisational development. Schuster’s previous responsibilities will be picked up by Höllerer.
Hameseder said: “On behalf of the supervisory board I want to thank Johann Strobl for his strong engagement in RZB's managing board since 2007. I am looking forward to keeping good cooperation with him as the executive risk manager and deputy CEO of RBI. With Johannes Schuster a highly skilled top manager takes over the responsibility as chief risk officer, a position which is so important for banks today.”
Walter Rothensteiner has retained his position as chairman of the board, and all new appointment terms run until 2020, although Höllerer’s appointment is still subject to approval from the Austrian Financial Market Authority.
