Hypo Group: New Supervisory Board President

Businessn.a. ♦ Published: March 24, 2014; 07:11 ♦ (Vindobona)

Herbert Walter becomes head of the nationalized Austrian Balkan lender Hypo Group Alpe Adria. According to Austrian Finance Minister Michael Spindelegger, Hypo Group needs even more capital injections.

Hypo Group: New Supervisory Board President / Picture: © Wikipedia / JJ55 (30 March 2008)

The German national and banking expert Herbert Walter will succeed Klaus Liebscher. Due to the public controversies about Hypo Group´s future, Liebscher left the supervisory board in February. At the moment, Rudolf Scholten is Hypo Group´s interim supervisory board president. Liebscher still acts as head of the publicly held bank holding Fimbag.

Last week, the Austrian…