In a meeting held yesterday, the Supervisory Board of Schoellerbank appointed Helmut Siegler, 52, to the Management Board. In his new function, he will be responsible for services relating to asset and estate succession planning, financial planning as well as for foundations. Helmut Siegler joins the Management Board of Schoellerbank which currently also consists of Franz Witt-Dörring, Chief Executive Officer, and Robert Wieselmayer, Chief Financial and Operating Officer.
Mr Siegler has been working for Schoellerbank since 1993. Since 2000 he has also held various senior positions at UniCredit Bank Austria. He will continue to serve as Head of Investment Strategy, Products and Advisory at UniCredit Bank Austria. He succeeds Heinz Mayer as a member of the Management Board at Schoellerbank. Mr Mayer leaves the company at his own request after 25 years, of which he has been a Management Board member for 17 years. Mr Mayer’s role as Chief Investment Officer (CIO) of UniCredit Bank Austria and Schoellerbank will be taken over by Robert Karas, 50, who will also continue to serve as Head of Schoellerbank Asset Management.
Robert Zadrazil, Chairman of the Management Board of UniCredit Bank Austria and Chairman of the Supervisory Board of Schoellerbank said: “With Helmut Siegler, a proven expert with many years of sound experience in private banking joins the Board of Schoellerbank. Robert Karas contributes the know-how as well as the strategic investment expertise which clients expect from the market leaders on the Austrian Private Banking market thanks to his strong passion for financial markets and being an internationally experienced stock market expert. Heinz Mayer played an important role in setting up today’s modern asset management in Schoellerbank. I am grateful for his support over the years and I wish him all the success for the future. I am very pleased that we can fill Heinz Mayer’s position from our own ranks, as this proves both continuity and the broad and excellent base of executives in our pan-European banking group.”
After graduating in business administration in 1993, Helmut Siegler joined the Salzburger Kredit- und Wechselbank (SKWB), where he initially worked in the areas of organisation, accounting and tax, private customer service and real estate corporate clients. Helmut Siegler was responsible for setting up the Financial Planning and Family Office division at Schoellerbank and held various management functions within the Group from 2000 onwards; most recently he has been Head of Investment Strategy, Products and Advisory at Bank Austria Private Banking. He will continue to serve in this function also going forward. Helmut Siegler is Deputy Chairman of the Board of the Austrian Financial Planners Association and auditor for the Certified Financial Planner (CFP®) training. He also represents the Austrian Financial Planners Association in working groups of the European Financial Planners Association (EFPA) and the International Financial Planning Standards Board (FPSB).
Robert Karas has been working at Schoellerbank since 2007 and has been responsible for asset management since 2011. He started his investment career in 1990 as one of the first market makers of the Austrian Futures and Options Exchange (ÖTOB) for the former Schoeller & Co. Bank AG in Vienna. Between 1992 to 1996 he was Portfolio Manager at Bankhaus Berger & Comp. AG in Salzburg, before he continued his career in the field of alternative investments over the following ten years, which included LGT Bank in Liechtenstein and in Switzerland, among others. Robert Karas has been a CFA®-Charterholder since 2001.
UniCredit Bank Austria a leader on the Austrian Private Banking Market with its two renowned brands Bank Austria Private Banking ¬– the private banking arm of a major bank – and Schoellerbank – a traditional private bank. UniCredit Bank Austria's Private Banking manages a total of EUR 24.4 billion in client assets for foundations and serves 35,000 wealthy private clients.
Schoellerbank, founded in 1833, is one of Austria's leading private banks and a specialist in sophisticated investment. As a wholly owned subsidiary of UniCredit Bank Austria, it focuses on its core competencies investment advisory, asset management and retirement planning. With ten locations, Schoellerbank is also the only private bank represented all across Austria.
UniCredit is a simple, successful Pan European Commercial Bank, with a fully plugged-in CIB, delivering a unique Western, Central and Eastern European network to its extensive franchise of 25 million clients. UniCredit offers local expertise and international reach, supporting its clients globally and providing them with unparalleled access to leading banks in its 14 core markets as well as 18 other countries worldwide.
Helmut Siegler (left) and Robert Karas (right)
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Inquiries: UniCredit Bank Austria Press Office
Matthias Raftl, Tel.: +43 (0) 5 05 05-52809;
Press Officer Schoellerbank
Marcus Hirschvogl, Tel.: +43 (1) 534 71-2950;