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OTP Bank recalls IT chief

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Photo by Jessica Fejos

Hungary’s OTP Bank recalled the deputy-CEO in charge of its IT and operations division, effective immediately, the lender said after close of markets late yesterday, Hungarian news agency MTI reported this morning.

The bankʼs board decided to recall Miroslav Stanimirov Vichev "due to his management concepts differing from the unified approach of the management board", OTP said in a statement posted on the website of the Budapest Stock Exchange.

From November 10, 2015, Vichev will be an advisor to OTPʼs chairman-CEO, it added.

Vichevʼs deputy, Ervin Banyái, will take over the IT and operations division at the same time.

Vichev became head of the division in July 2014.

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