Wiener Privatbank announces changes to management board

Ridhima Sharma
Wiener Privatbank announces changes to management board

Wiener Privatbank has appointed Christoph Raninger as the new CEO, effective 1 January 2020. He replaces Helmut Hardt, who after serving 15 years on the board, decided to retire by the end of the year. 

Hardt joined the board of Wiener Privatbank in 2005 after making significant contributions at exchange-listed conwert SE. He helped to shape the bank and craft its focus on real estate and capital markets investments. The successful integration of Valartis Bank helped expand the bank's focus to cover the U.S., UK, CEE, and CIS countries; the bank now offers its clients personalized investment advice in 22 languages.

Raninger began his career at Bank Austria, where he worked for over 10 years in various roles in the areas of risk management, corporates, markets and investment banking. Most recently, he was a member of the management board of UniCredit CAIB AG. Next, he joined the management board of Bawag PSK AG, and from there he was appointed by the Republic of Austria to the management board of Österreichischen Volksbanken AG. There, he was responsible for shaping the course of restructuring of the Volksbanken during the partial privatisation of the sector. Since 2015, Raninger has been CEO of Austrian Anadi Bank AG where has been responsible for the bank's realignment.

Board chairman Gottwald Kranebitter said: "I would like to thank Helmut Hardt for his many years of service during which he led the bank with clear oversight. At the same time, I am very pleased to have Christoph Raninger, a very experienced banker, joining us as CEO. Together with board member Eduard Berger and the bank's motivated team, I am confident that our new CEO will lead the bank's further development for the mutual benefit of both our clients and shareholders."