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Aris Bogdaneris takes over COO function at Raiffeisen Bank International

  • Managing Board restructuring effective as of 1 December
  • Number of RBI Board Members reduced to seven
  • Bogdaneris remains responsible for Retail Banking

The Supervisory Board of Raiffeisen Bank International AG (RBI) approved at its meeting yesterday the restructuring of RBIs managing board in the course of Heinz Wiedners group-internal move to Hungary. Wiedners responsibilities have been transferred to Aris Bogdaneris and Herbert Stepic as of 1 December 2010. Heinz Wiedner, who will assume the CEO position of Raiffeisen Bank Zrt. in Budapest, resigned from his position as RBIs Chief Operating Officer (COO) with effect from 1 December 2010. As a consequence, the number of managing board members has been reduced from eight to seven.

The Supervisory Board approved the transfer of the responsibilities for Organisation & Internal Control System to the board area of RBI CEO Herbert Stepic with effect from 1 December. All other areas for which Heinz Wiedner had previously been responsible  Information Technology, Operations & Productivity Management, Credit Services and Transaction Services  will report to Aris Bogdaneris, who besides becoming COO will also continue to be responsible for the Retail Banking area.

Aris Bogdaneris, a Canadian national, joined the managing board of RBI (at that time the managing board of Raiffeisen International Bank-Holding AG) in 2004 responsible for Retail Banking. He previously worked for 10 years at GE Capital in a number of leadership roles, including COO of the GE-Capital subsidiary Budapest Bank, where he also subsequently served as CEO. He is married and has two sons.

Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets.

RBI is the only Austrian bank with a presence in both the worlds financial centres and in Asia, the groups further geographical area of focus.

In total, more than 59,000 RBI employees service about 15 million customers through around 3,000 business outlets, the great majority of which are located in CEE.

RBI is a fully-consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBIs shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the countrys largest banking group, and serves as the group head office of the entire RZB Group, including RBI.

For further information please contact Michael Palzer (+43-1-71 707-2828, or Peter Klopf (+43-1-71 707-1930,,


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