Vienna, April 19, 2012 - In the course of expanding its M&A services Raiffeisen Centrobank puts a comprehensive restructuring concept in place. As at 1 January 2012 business operations will merge retroactively, and as at 1 May 2012 the Bank will formally merge with its 100% subsidiary Raiffeisen Investment AG (RIAG). Raiffeisen Centrobank is thereby bundling all business segments under one roof to meet its customers’ need for a one-stop comprehensive service provider. Yesterday evening the Supervisory Board of Raiffeisen Centrobank resolved the merger.
Gerhard Grund, member of the Executive Board of Raiffeisen Centrobank and chairman of the Supervisory Board of RIAG will be responsible for the operational management.
"With our integrated advisory concept for investment banking products we make sure to provide our customers with the in-depth expertise of our employees, regardless of which services they call on. Concurrently, streamlined internal reporting chains will bring about timelier decision-taking which will provide us with a substantial competitive edge in a fast-paced and constantly changing business environment", says Eva Marchart, Chief Executive Officer of Raiffeisen Centrobank.
Raiffeisen Centrobank will be directly responsible for RIAG’s network in 16 countries in Central and Eastern Europe as well as in Turkey.
RIAG employs 41 employees in its offices in Vienna, who will be taken over into the Raiffeisen Centrobank headcount. Moreover, 62 experts in the network are available.
Further information:
Andrea Pelinka-Kinz
Tel.: +43 1 51520 - 614
E-Mail: pelinka-kinz(at)rcb.at
