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Gert Hebenstreit has joined the Management Board of Russia’s Raiffeisenbank

Gert Hebenstreit, Head of the Operations & IT Directorate, has joined the Management Board of Raiffeisenbank. The appointment will take effect after approval from the Central Bank of Russia.

Mr. Hebenstreit’s responsibilities reach among others from managing the banks back office operations, IT operations and projects, central procurement to the bank’s own facilities management and logistics topics. Special focus will be on ensuring that the banks operations and IT will develop lean and effectively in line with Raiffeisenbank’s ambitious and well developing business operations in Russia.

The decision to appoint Gert Hebenstreit to the board was taken due to his proven track record to strengthen Raiffeisenbank’s operations.

Gert Hebenstreit was born in Graz, Austria. He graduated with a master in social and economic sience from the Karl-Franzens University of Graz. During his study he started his career in IT training and later moved to consultancy in the financial industry. He spend three years in London where he worked at Capco thereafter he joined Capgemini Consulting in Austria where he specialized in merger and integration projects in the banking industry. He led bank integration projects merging independent leagl entities in Serbia, Bosnia Herzgovina and Romania resulting in successful technical, business and legal integrations. During 2006 he was also consulting Raiffeisenbank in Russia on the integration with Impexbank. In March 2007, Mr Hebenstreit joined Bank Austria (Member of UniCredit Group) who seconded him to UniCredit Bank in Russia, working there until November 2007. Thereafter he was nominated Head of Global Banking Services at UniCredit Bulbank in Bulgaria, being a member of the management board responsible for all back office operations and IT up to his move to Raiffeisenbank.

ZAO Raiffeisenbank
is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 9th among the Russian banks in terms of assets, based on H1 2011 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of private deposits and 7th with regard to consumer lending.

Raiffeisen Bank International AG 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. Around 60,000 employees service about 14 million customers through around 3,000 business outlets, the great majority of which are located in CEE. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, which is listed on the Vienna Stock Exchange; the remainder is in free float. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.


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