Resolutions adopted by the Supervisory Board of Bank Austria

  • Paolo Fiorentino, Deputy General Manager and Chief Operating Officer of UniCredit, has been elected as Chairman of the Supervisory Board of Bank Austria
  • Gianni Franco Papa has been appointed Deputy Chairman of the Management Board and Management Board member with responsibility for Central and Eastern Europe
  • Francesco Giordano will become Bank Austria’s new CFO as Carlo Vivaldi will move to another top position within the Group

Bank Austria’s Supervisory Board, to which Karl Guha, Chief Risk Officer of UniCredit, has been newly appointed pursuant to a resolution adopted at the general meeting, has made the following decisions in its meeting today:

Paolo Fiorentino, 55, Deputy General Manager and Chief Operating Officer of UniCredit, has been unanimously elected by the members of the Supervisory Board as Chairman of the Supervisory Board of Bank Austria, succeeding Alessandro Profumo.

Gianni Franco Papa, 54, has been appointed by the Supervisory Board of Bank Austria as Deputy Chairman of the Management Board and Management Board member with responsibility for Bank Austria’s CEE Division with immediate effect. In this function Mr Papa, a lawyer by training, will succeed Federico Ghizzoni, who was recently appointed Chief Executive Officer of UniCredit.

Francesco Giordano, 44, has been appointed Bank Austria’s new Chief Financial Officer and will therefore become a Member of Bank Austria’s Management Board with effect from 1 February 2011. In this function he will succeed Carlo Vivaldi, who will assume a new top position within the Group which will be communicated shortly.

Paolo Fiorentino: "The decisions regarding appointments to the Supervisory Board and the Management Board once more underline the great potential of top managers in our European banking group. These ensure the sharing of expertise across national borders. Gianni Franco Papa will head the CEE Division. He is an experienced manager with a clear track record in business development and a profound knowledge of local markets. I am also pleased to welcome Francesco Giordano, an outstanding expert from within the Group, as new Chief Financial Officer on Bank Austria’s Management Board. I would like to take this opportunity to thank Carlo Vivaldi for his excellent work over the past years and wish him every success in his new function."

Details of new appointees
Paolo Fiorentino
, who graduated "cum laude" in economics and business administration, started his career in Credito Italiano in 1981. After various mergers he was appointed Group Deputy General Manager of UniCredito Italiano in 2003. He became General Manager of Bank Pekao in Poland, where he spent three years restructuring the bank. In 2004 he was responsible for the CEE Division and in 2005 he was nominated Head of Global Banking Services of UniCredit, becoming responsible for the group operations. In 2007 he was appointed Deputy CEO of UniCredit. Until May 2009 he was also CEO of Banca di Roma. Effective 1st November 2010 he has been appointed Deputy General Manager, Chief Operating Officer in charge of Global Banking Services Strategic Business Area and HR Management.

Karl Guha pursued his career in ABN Amro for many years. Since 2009 he has been Chief Risk Officer of UniCredit. Born in the Netherlands, he completed his studies in Economics and Finance at Boston University, graduating as Master of Science. Having started his career with Price Waterhouse, he moved to ABN Amro. He worked in Dublin, Amsterdam, London, New York and Sydney and held various functions including those of CRO and Head of Group Finance in Amsterdam before joining UniCredit.

Gianni Franco Papa, a lawyer by training, has since 1979 held various functions in what is today UniCredit. He has been active in the banking group’s international operations for over twenty years. Having worked for UniCredit units in the world’s major financial centres such as Hong Kong, Singapore and New York, he was recently in charge of the banking subsidiaries in Slovakia and Ukraine, and of Corporate & Investment Banking for all CEE banking subsidiaries of Bank Austria. Gianni Franco Papa has been living in Vienna with his family for several years.

Francesco Giordano, an economist by training, started his career with the rating agency MMS / Standard & Poor’s almost two decades ago. He went on to work for San Paolo Bank and Credit Suisse First Boston in London before joining UniCredit in 2000, in which he has held various management positions since then. Having started as chief economist at UniCredit Banca Mobiliare he was Head of Group Planning, Research and Strategy of UniCredit for five years. Most recently he held the position of Divisional CFO of the Corporate & Investment Banking Division of UniCredit and was a member of the supervisory board of UniCredit Family Financing Bank, UniCredit Xelion Banca and TLX Spa.

Enquiries: Bank Austria Media Relations Austria
Martin Halama, tel. +43 (0) 50505 52371
e-mail: martin.halama@unicreditgroup.at

Reproducible photographs are available for download  here. Reproduction is free of charge.


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