BayernLB May Replace Chief at Hungarian Unit, Figyelo Reports

Bayerische Landesbank 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.

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