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New Management Board Member for Markets at RBI

  • Klemens Breuer starts in mid-April
  • Patrick Butler chooses to resign his mandate

The Supervisory Board of Raiffeisen Bank International AG (RBI) today appointed Klemens Breuer as a new member of the banks Management Board. As of 16 April, Breuer will be responsible for the board division Markets, which includes Investment Banking. Patrick Butler, who currently holds this position, will at his own request resign his mandate as of 15 April. Klemens Breuers appointment is subject to the approval of Austrias Financial Markets Authority.

Klemens Breuer was a member of the Management Board at WestLB AG from 2008 until mid-January 2012. In this function, Breuer was responsible for Equity Markets, Debt Markets, Research and Treasury. He had held leading positions in the capital markets and treasury operations of WestLB and Deutsche Bank in Dusseldorf, Frankfurt and London prior to joining WestLBs Management Board.

Born in 1967, Klemens Breuer graduated from the RWTH Aachen University with a degree in business administration. He started his career in the financial industry in 1993. Klemens Breuer can draw on nearly two decades of experience in the banking business and is one of the leading experts on capital markets in the German-speaking region. On the international capital markets, Breuer enjoys an excellent reputation as a careful and highly capable banking executive. We are glad to have him on our board, said RBI-CEO Herbert Stepic in welcoming the new member of the Management Board.

Patrick Butler was in charge of Treasury, Markets and Research as a Board Member of Raiffeisen Zentralbank Osterreich AG (RZB) in the years 2004 to 2010. After the merger of Raiffeisen International with principal business areas of RZB, he became a Board Member of RBI responsible for Markets, including Investment Banking.

After more than seven years as a member of the Management Board at RZB Group, Patrick Butler has chosen to pursue new challenges and has therefore decided to leave the Group and return to the UK. We thank Patrick Butler for his invaluable contributions to the development of the businesses areas under his responsibility, which continue to perform very strongly Herbert Stepic commented on Patrick Butlers decision. We are pleased that he has agreed to remain until his successor is in place in order to achieve a smooth transition. We wish Patrick Butler all the very best in his future endeavours and know that the friendly ties between him and the RZB Group will endure.

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, around 60,000 employees service about 13.7 million customers through around 2,900 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 head office of the entire RZB Group, including RBI.

For further information please contact Michael Palzer (+43-1-71-707-2828, or Ingrid Krenn-Ditz (+43-1-71-707-6055,,


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