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Former MKB CEO tapped for top job at CIB Bank

Deals

In hopes of getting a Hungarian market relaunch started for its CIB Bank branches, Intesa Sanpaolo has named Dr. Pál Simák to the position of management board chairman/CEO. Fabrizio Centrone, who formerly held the position, will be reassigned elsewhere within the Intesa hierarchy.

Simák brings some apparently much-needed local experience to the position, having served as deputy CEO and ultimately chairman/CEO of MKB Bank for the past six years.

Calling Simák the “ideal” choice for the position, Intesa Sanpaolo International Subsidiary Bank Division director Ignacio Jaquotot promised that the new CEO will “certainly contribute to the implementation of the new business plan, ensuring the successful relaunch of our Hungarian operations.”

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