Board of Management

Michael Mendel
CEO and Chairman of the Board of Management
until 31 December 2012

responsible for
General Secretariat, International Relations, Internal Audit, Operations Coordination, Credit Administration and Legal Division, Corporate Banking, SME Division, International Projects, Syndications, Transactionsbank, Corporate Finance

Born in Hamburg (1957); 1980-1984 Universität Augsburg (Diploma in Economics); 1984-1986 Trainee-Program Bayerische Vereinsbank, Munich; 1986-1997 Bayerische Vereinsbank (at last Division Manager Corporate Finance); 1997-2000 Hypo Vereinsbank (Division Manager Group Risk Management and Corporate Banking); 2001-2002 Bank Austria (Member of the Board of Management, Chief Risk Officer); 2002-2006 Hypo Vereinsbank (Group Managing Board Member, primarily responsible for Germany, Austria and CEE, at last Supervisory Board Member of Bank Austria-Creditanstalt); 2007-2008 Member of the Supervisory Board in several companies; since 01.01.2009 Member of the Board of Management Österreichische Volksbanken-AG, since May 2009 Executive Vice–President of Österreichische Volksbanken-AG and since 01.07.2009 CEO and Chairman of the Board of Management Investkredit Bank AG.

Monika Fürnsinn
Member of the Board of Management
until 31 December 2012

responsible for
Portfolio and Risk Management Division

Born 1959 in Vienna; 1985 Doctor of Laws at the University of Vienna; 1985-1987 Court internship in Vienna; 1987 Entry in the first management trainee program at Creditanstalt; 1988-1992 Activities in the area of financing; 1992-1998 Activities in Credit Department II in the area of credit management (since 1995, Deputy Manager); 1998-2000 Manager of the Credit Department II of Creditanstalt (after merger with Bank Austria, as manager of the merged Redevelopment/Restructuring Department); 2001-2007 Head of Special Accounts Corporates 2 at Bank Austria Creditanstalt, in parallel, Deputy Head of the Special Account Management Department; 2008-2009 Member of the Board of Management responsible for risk at UniCredit Bulbank, Bulgaria; As at 1 January 2010, Member of the Board of Management of Investkredit Bank AG.  

Klaus Gugglberger
Member of the Board of Management
until 31 December 2012

responsible for
Real Estate

Born in Innsbruck (1954); studied social and economic sciences at the University of Innsbruck; 1980 to 1986, Österreichische Volksbanken-AG, latterly as Senior Vice–President and Head of the Special Financing Department; 1986 to 1993, Österreichische Länderbank/BA-CA-Group, inter alia Manager of LB Leasing Gesellschaft m.b.H. and Chief Executive Officer of Sovereign Leasing, Manchester, England; since 1993, Head of Investkredit Bank AG's Structured Finance Department (Corporate Finance, Financial Analysis and Real Estate); since 2002 Member of the Board of Management; following the integration of Investkredit by Österreichische Volksbanken-AG, responsible for the real estate segment.