UniCredit's Bank Austria Adds Gregor Hofstaetter-Pobst as New Finance Chief

Bank Austria has appointed a new finance chief as part of a management reshuffle, according to a Reuters report today. The move coincides with its parent company UniCredit taking back formal control of the group's central and eastern Europe (CEE) arm.

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Gregor Hofstaetter-Pobst who was the group's finance chief for the Czech Republic and Slovakia, and has held a series of other senior roles at UniCredit, has been appointed to his new role with effect from 1 October.

Hofstaetter-Pobst steps into the vacancy created by Mirko Bianchi's promotion to UniCredit chief financial officer. He began his new role in parallel with UniCredit taking back formal control of its CEE business from Bank Austria.

Bank Austria also confirmed that CEE chief Carlo Vivaldi is leaving the bank’s management board after the CEE operation's move to Milan.

In further jobs-related news reported by Finance Magnates today, Dutch lender ING Group is planning to slash up to 7,000 jobs in the Netherlands and Belgium. UniCredit however said that most of the 500 CEE jobs in Vienna will not be affected by the re-shuffle and the majority of the team will continue to be located in Vienna.