BayernLB May Replace Chief at Hungarian Unit, Figyelo Reports

Bayerische Landesbank (BLGZ) may replace the chief executive officer of its Hungarian subsidiary MKB Zrt. Tamas Erdei, Figyelo said on its website, citing several unidentified people.

Erdei will be succeeded by Pal Simak, who currently serves as a deputy chief executive at the bank, the Budapest-based weekly said.

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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