Published: September 30, 2009
The supervisory board of Raiffeisenbank has approved the appointment of the head of the financial controlling division, Arndt Roechling, to the bank’s management board. The appointment becomes effective upon approval by the Bank of Russia. In his new capacity, Roechling will be responsible for the day-to-day business of the finance directorate.
Roechling has been working for Raiffeisenbank since 2001 when he joined RZB’s investment banking unit. In 2004 and 2005 he was one of the project managers for Raiffeisen International’s IPO, leading to it being listed on the Vienna Stock Exchange. In October 2005 he received his first assignment in a CEE country and was sent to Kiev in Ukraine. He worked almost five months in Bank Aval’s integration office.
In June 2006, he was delegated to Raiffeisenbank in Russia as head of the integration office. With Roechling at the helm, the integration office team made a significant contribution to the successful merger of Impexbank and Raiffeisenbank Austria in the autumn of 2007. Since November 2007 he has been in charge of financial controlling.
Raiffeisenbank is a subsidiary of Raiffeisen International Bank. Raiffeisenbank ranks ninth in terms of assets among the Russian banks based on 1H 2009 results. Raiffeisen International operates one of the largest banking networks in CEE. 17 markets in Europe’s growth region are covered by subsidiary banks, leasing companies and a range of other financial service providers.