ADVERTISEMENT

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.”

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.