Company Overview of BAWAG P.S.K.
BAWAG P.S.K. provides various banking products and services primarily in Austria. It operates through Retail and Small Business, Corporates, International Business, and Financial Markets segments. The company’s deposit products include current accounts, savings deposits, demand deposits, and time deposits; and loan portfolio comprises market-leading payments products, selective lending, debt investments in corporate and commercial real estate financial assets, and credit cards. It is also involved in consumer vehicle leasing and fund management activities. The company offers its products and services through branches, alternative sales channels, and direct online and mobile channels. BAWAG P...
Key Executives for BAWAG P.S.K.
Chairman of The Managing Board and Chief Executive Officer
Chief Financial Officer, Head of Restructuring & Strategy and Member of The Management Board
Chief Operating Officer and Member of Managing Board
Head of Strategy & Economics and Member of Management Board
Chief Risk Officer and Member of Management Board
Compensation as of Fiscal Year 2014.
BAWAG P.S.K. Key Developments
Cerberus Reportedly Mulls Options For BAWAG
Mar 18 15
Cerberus Capital Management, L.P. is said to be evaluating alternatives for BAWAG P.S.K. Sources close to the matter stated that Cerberus has engaged three banks in order to help conduct a strategic review of its majority stake in BAWAG, in a deal that could be around €4 billion. The sources said that Cerberus had hired Goldman Sachs, Lazard and Morgan Stanley for the review. One source said that it could lead to acquiring another lender, merging BAWAG with another bank or selling it. Sources seeking anonymity added, ‘All options are on the table’, and an initial public offering was a less likely option. According to the news report, BAWAG declined comment and other banks too.
BAWAG PSK Announces Board Appointments
Mar 6 15
BAWAG PSK announced that it appointed Stefan Barth and Sat Shah members of its managing board. Barth was appointed chief risk officer, effective Feb. 1, 2015 and Shah was named COO, effective March 4, 2015. Barth, who was most recently head of the strategic risk division at BAWAG, has organizational and technical responsibilities for overall bank risk management in his new role. He succeeds Jochen Klpper, who left the lender after six years. Barth joined BAWAG in 2013. Shah, previously chief administrative and strategy officer responsible for strategy, investor relations and communications, is now responsible for bankwide strategy, operations, IT and communications. Shah joined BAWAG in 2014.
Cerberus Capital May Sell Stake In BAWAG
Mar 6 15
Cerberus Capital Management, L.P. hinted on March 5, 2015, it may sell off its share of the BAWAG P.S.K., which it acquired in 2007.
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