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16.07.2019

Dieter Hengl succeeds Franz Witt-Dörring as new CEO of Schoellerbank and assumes overall responsibility for Wealth Management Austria

  • Dieter Hengl, Board Member for Corporate & Investment Banking in UniCredit Bank Austria, is appointed new CEO of Schoellerbank and Head of Wealth Management in Austria as of 1 September 2019
  •  Franz Witt-Dörring, former CEO of Schoellerbank, will step down from Schoellerbank’s board of managing directors at the end of August for personal reasons and will ensure a full handover to his successor
  • Schoellerbank will be expanded as UniCredit‘s Wealth Management hub in Austria 
  • UniCredit Wealth Management aims to become one of the top wealth management players in Europe by harnessing strong synergies between different business units such as Corporate & Investment Banking, Commercial Banking and Wealth Management 

    
After seven successful years as CEO of Schoellerbank, Franz Witt-Dörring decided for personal reasons to step down from his position on the Management Board at the end of August. As CEO, Franz Witt-Dörring strenghtened Schoellerbank to become one of Austria's leading private banks. Dieter Hengl succeeds Franz Witt-Dörring as CEO of Schoellerbank and also assumes overall responsibility for Wealth Management Austria, which includes both the Wealth Management area within UniCredit Bank Austria and Schoellerbank. Dieter Hengl’s new responsibilities as of 1 September 2019 are in line with the reorganisation of Wealth Management throughout UniCredit to prepare for the new strategic plan 2020–2023. He also becomes a member of the Group Wealth Management Executive Committee.  

Robert Zadrazil, CEO of UniCredit Bank Austria, says: „I am delighted that Dieter Hengl, one of the country's most experienced bankers, is our new CEO of Schoellerbank and Head of Wealth Management in Austria. Dieter Hengl will be involved from the outset of the preparations of wealth management in Austria for the new strategic plan, in order to implement them. We aim to further strenghten our market-leading position in this area, positioning Schoellerbank as UniCredit’s Wealth Management hub in Austria. Also on behalf of our Supervisory Board , I would like to thank in this context Franz Witt-Dörring, who, as CEO of Schoellerbank since 2012, has made a significant contribution to the further development of our company and our market position in Austrian private banking.”

Marco Bizzozero, CEO of Group Wealth Management of UniCredit, commented: “I would like to thank Franz Witt-Dörring for his many years of work and commitment. Under his leadership, Schoellerbank became one of Austria's leading private banks. As a specialist for upmarket investments, Schoellerbank has received numerous awards, making it the most prized private bank in Austria. Dieter Hengl, who will also be responsible for Wealth Management Austria, will guarantee that we fulfil our ambition in Wealth Management of becoming one of the top wealth management players in Europe, harnessing strong synergies between our different businesses such as Corporate & Investment Banking, Commercial Banking and Wealth Management. I wish Dieter Hengl every success in his new challenge.” 

In UniCredit, Wealth Management meets the evolving needs of its clients with a full offering. Thanks to its unrivalled pan-European network, UniCredit provides its high net worth individuals with a single, holistic service offering that includes investment and financing solutions as well as wealth services.

In Austria, UniCredit Bank Austria has a market-leading position in business with high net worth individuals with client assets of EUR 32.7 billion, managed by Premium Banking in UniCredit Bank Austria and Schoellerbank. In Austria, Schoellerbank, a modern private bank, will be expanded into UniCredit’s Wealth Management hub, while Wealth Management in UniCredit Bank Austria will also offer services from the country's leading major bank due to its unique position in corporate & investment banking combined with broad expertise in wealth management and commercial banking. 

Dieter Hengl has been responsible for Corporate & Investment Banking in the management board of UniCredit Bank Austria since 2011 and, in this function, he is also a member of the Executive Committee of UniCredit’s Corporate & Investment Banking Division. A law graduate, he started his career at UniCredit Bank Austria in 1990, where he held various management positions in risk management and corporate & investment banking prior to his appointment to the Management Board.

Enquiries:
UniCredit Bank Austria Media Relations
Martin Halama, Tel. +43 (0)5 05 05-52371
Email: martin.halama@unicreditgroup.at