Kurali, who has been CEO of Deutsche Bankʼs Hungarian business for more than a decade, will replace György Barcza.

Barcza has been named to sit on the board of directors of the European Bank for Reconstruction and Development (EBRD).

The ministry said ÁKK Deputy CEO András Réz would temporarily take over as the agencyʼs chief executive, from July 17 to August 31.