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Heinz Wiedner named new CEO of Raiffeisen Bank

Heinz Wiedner has been appointed as new CEO of Raiffeissen Bank Zrt, the Hungarian unit of Austria's Raiffeisen Bank, the bank announced on Thursday.

Wiedner will replace Peter Felcsuti, whose contract expires at the end of 2010. Felcsuti has been Raiffeisen CEO since October 1989. He previously worked at the National Bank of Hungary and at Citibank's Hungarian unit.

Wiedner filled various positions at Citigroup before joining Raiffeisen Zentralbank in 1993. His appointment is subject to the approval of the Hungarian supervisory authorities and a resolution from the bank's board.