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Bank Austria Job News:
Michael Kaltenbeck appointed as new CEO of FactorBank

Michael Kaltenbeck, 41, was appointed as the new CEO of FactorBank as of 1 July. In this position, he will mainly be responsible for sales and distribution, IT and accounts receivable management. Michael Hanzlik will remain the second managing board member, and will continue to be in charge of risk management at FactorBank.

Michael Kaltenbeck studied business administration at the Vienna University of Economics and Business. He began working for Creditanstalt, a predecessor of Bank Austria, in 1995, where he has since held a variety of positions in corporate banking. Most recently, Kaltenbeck was the deputy city director for corporate customers at the RegionalCenter for South Vienna. Michael Kaltenbeck has a domestic partner and a daughter.

FactorBank is a wholly owned subsidiary of Bank Austria that specialises in factoring. It offers services including the purchase and financing of corporate customers’ short-term receivables from Austrian and international debtors, accounts receivable management including dunning and collection services, and the assumption of default risk for accounts receivable. Founded in 1965, the bank is one of the leading providers on the Austrian factoring market, with net assets of roughly EUR 190 million, purchased accounts receivable totalling around EUR 1.56 billion and 40 employees.

Enquiries: Bank Austria Press Office Austria
 Tiemon Kiesenhofer, Tel. +43 (0) 50505 - 52819;
 E-mail: tiemon.kiesenhofer@unicreditgroup.at
A reproducible photo of Michael Kaltenbeck is  here available for download. The photo can be printed free of charge.

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