BA-CA-HVB Reaffirm Belief In Growth In East And Central Europe With Major Hiring Spree

Bank Austria Creditanstalt (BA-CA) has re-emphasised its belief in the growth potential of east and central Europe with a major hiring and promotions spree. New staff join the bank in Austria, Bulgaria, Romania, Serbia, Slovakia and Ukraine, while others change jobs within the organisation
By None

Bank Austria Creditanstalt (BA-CA) has re-emphasised its belief in the growth potential of east and central Europe with a major hiring and promotions spree. New staff join the bank in Austria, Bulgaria, Romania, Serbia, Slovakia and Ukraine, while others change jobs within the organisation. In the aftermath of the acquisition of BA-CA parent HVB by Unicredit, the hirings and shifts are also a declaration of renewed commitment.

The region has seen considerable movement of personnel in the last year, with a number of BA-CA staff in Vienna decamping to RZB Bank, which has declared its ambition to compete in several markets in east and central Europe. However, David Penstone, group head of sales at BA-CA in Vienna, says the new hires were not made to plug gaps in current provision but in anticipation of further growth. In fact, he says BA-CA expects to hire more staff next year.

“In anticipation of further growth in the region, the group operating under the Bank Austria Creditanstalt, HVB Bank, Bank BPH and IMB brands, have undertaken an intensive initiative to build bench strength,” says Penstone. “Given the sustained growth, and taking into account predictions for mid- to long-term client interest, we have undertaken a group-wide recruitment.”

Mirela Manea joins as BA-CA as Group Relationship Manager (GRM) covering strategic custody relationships. She will be located in Vienna and will report to Penstone. “Mirela’s previous experience in successfully dealing with professional local/global counterparts from the standpoint of global organizations has convinced me to believe that she will add value in both qualitative and quantitative terms,” says Penstone.

Manea’s track record includes various international banking and market trading positions at Romanian banks, before joining the trading desk of Societe Generale in Bucharest, where she was responsible for MM/Fixed Income and ALM. She has spent the last seven years at Citibank Romania, where she held a senior trading position before making the move to the client side as a Senior Sales Manager within Global Markets Marketing, covering financial institutions (FIs). She led the first complex structured product ever sold to an FI in Romania. Manea holds an MBA diploma from ASEBUSS, Bucharest, and Kennesaw State University, Georgia.

Petrinka Vasileva Monovska joins the domestic investment and pension funds administration team in Bulgaria. Educated at the University of Economy in Sofia, she is responsible for funds administration. She joins HVB from the civil service.

Sorin Opincariu, who had worked at HVB Bank Romania as a Helpdesk Officer running and maintaining Business End-of-Day Customer Support for Internet/Electronic Banking, rejoins the bank after an internship at Deutsche Bank in London. Educated in both Romania and at the Business School at the University of Warwick in the UK, Opincariu has an MSc in Financial Mathematics. He held the British Council’s Chevening Scholarship in June 2004.

In Serbia, Aleksandra Frlog – former Deputy Chairman of the Board of Directors in Jubanka, which was recently acquired by Alpha Bank – joins the HVB custody team as a relationship manager. Frlog was also a Cash Management Consultant at the Ministry of Finance of the Republic of Serbia, and later became Special Advisor to the Minister of Finance. She graduated from the Economic University of Belgrade and obtained an MBA at the Cyprus International Institute of Management in February 2001. She also holds a diploma of the Belgrade Open School, and speaks English, Russian and Greek.

Vesna Grubesic joins HVB in Serbia as a custody relationship manager. After graduating from the Faculty for Financial Management and Insurance in Belgrade, she started her career at HVB Bank Serbia and Montenegro, gaining experience in the Retail Division as an Account Manager and later as a Product Manager in the Retail Product Development Department. She is fluent in English, and has a good knowledge of French.

In Slovakia, Sona Grancov has joined HVB Slovakia Bank as a Settlement Officer. She is currently studying at the University of Banking while working for the bank as well. After graduation from Grammar School, she worked at AFS, a private company specializing in insurance and investment services.

Olesya Pyatchanina has joined HVB Bank Ukraine as a relationship manager. She began her career in the securities industry in 2000 with a local company, acting as their representative in relations with local brokers, registrars and custodians. Penstone says she will now be responsible for ensuring the smooth settlement, proper reporting and accounting of all custody services in Kiev.

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