The Supervisory Board of Raiffeisen Bank International AG (RBI) approved at its meeting yesterday the restructuring of RBI’s managing board in the course of Heinz Wiedner’s group-internal move to Hungary. Wiedner’s responsibilities have been transferred to Aris Bogdaneris and Herbert Stepic as of 1 December 2010. Heinz Wiedner, who will assume the CEO position of Raiffeisen Bank Zrt. in Budapest, resigned from his position as RBI’s Chief Operating Officer (COO) with effect from 1 December 2010. As a consequence, the number of managing board members has been reduced from eight to seven.
The Supervisory Board approved the transfer of the responsibilities for Organisation & Internal Control System to the board area of RBI CEO Herbert Stepic with effect from 1 December. All other areas for which Heinz Wiedner had previously been responsible — Information Technology, Operations & Productivity Management, Credit Services and Transaction Services — will report to Aris Bogdaneris, who besides becoming COO will also continue to be responsible for the Retail Banking area.
Aris Bogdaneris, a Canadian national, joined the managing board of RBI (at that time the managing board of Raiffeisen International Bank-Holding AG) in 2004 responsible for Retail Banking. He previously worked for 10 years at GE Capital in a number of leadership roles, including COO of the GE-Capital subsidiary Budapest Bank, where he also subsequently served as CEO. He is married and has two sons.
Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets.
RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus.
In total, more than 59,000 RBI employees service about 15 million customers through around 3,000 business outlets, the great majority of which are located in CEE.
RBI is a fully-consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI’s shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.