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24.10.2006

Bank Austria Creditanstalt Job Notice:
Gerhard Deschkan Appointed Head of Strategic Risk Management

Gerhard Deschkan (39) has been appointed head of strategic risk management at Bank Austria Creditanstalt (BA-CA). He has succeeded Jürgen Kullnigg (45), who has become head of the "Credit Operations Area" within the UniCredit Group. The Strategic Risk Management division is responsible for developing models and methods to calculate, and ultimately minimise, credit, market and operational risks for the bank.

Gerhard Deschkan holds a doctorate in social sciences and economics. He started his career at the BA-CA Group in 1992, subsequently spending a year in New York. After several years as a controller, market and credit risk manager, Deschkan was appointed head of Operational and Overall Bank Risk in 2000. Most recently, he headed up the Operational Risk and Methodology Development unit within the Strategic Risk Management division, where he played a major role in developing the structures for measuring and managing operational risks and further developing the internal models for market and credit risks. Gerhard Deschkan was also a driving force behind the establishment of the Christian Doppler Laboratory at the Vienna University of Technology. This laboratory gives students the opportunity to research new risk models within the scope of their studies. Gerhard Deschkan, who is from Vienna, lives with his partner and has a daughter.

Enquiries: Bank Austria Creditanstalt Press Office Austria
Peter N. Thier, Tel. +43 (0)5 05 05 EXT 52371
E-mail: peter.thier@ba-ca.com