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Manfred Url succeeds Erich Rainbacher as CEO of Raiffeisen Bausparkasse

Published: May 21, 2010; 00:00 · (Vindobona)

Manfred Url succeeds Erich Rainbacher as CEO of Raiffeisen Bausparkasse, Johannes Schuster joins the board of RZB.

Manfred Url succeeds Erich Rainbacher as CEO of Raiffeisen Bausparkasse / Picture: ©

Manfred Url (54) is currently a board member of the central institute of the Raiffeisen Banking Group.
RZB division head Johannes Schuster (40) succeeds him on the managing board of RZB.

Erich Rainbacher (61), distinguished CEO of Raiffeisen Bausparkasse, will retire at the end of the year.

The chairmen of the Supervisory Boards of Raiffeisen Zentralbank Österreich AG (RZB) and Raiffeisen Bausparkasse Gesellschaft.m.b.H, Christian Konrad and Walter Rothensteiner respectively, will propose to the relevant committees that they appoint Manfred Url as successor to Erich Rainbacher as CEO of Raiffeisen Bausparkasse and Johannes Schuster as successor to Manfred Url as member of the managing board of RZB. Erich Rainbacher, who has successfully managed Raiffeisen Bausparkasse for 22 years, will retire at the end of the year.

“By making these proposals, we are making decisive staff changes in key companies of the Raiffeisen banking group. Activities in both companies demand a high degree of flexibility, expertise, customer focus, networking and in-depth knowledge of the Raiffeisen Banking Group. Moreover, Manfred Url and Johannes Schuster have Raiffeisen in their blood,” said Christian Konrad, president of the Supervisory Board of RZB and Attorney General of Österreichischer Raiffeisenverband.

"Johannes Schuster is one of the most talented and at the same time one of the most experienced young managers in Austria. He is very well versed in all important banking issues. He began his career at Regional Raiffeisen Bank Upper Austria and has matured into a very strong management personality over many years at the side of Walter Rothensteiner,” as Christian Konrad described the native Upper Austrian. On Styrian-born Manfred Url he added, “He is a cornerstone of Raiffeisen, with a strong customer and sectoral focus. The proven sales professional and strategist is the best choice for continuing the successful course of Raiffeisen Bausparkasse.”

“Erich Rainbacher is the doyen amongst the CEOs of Austria’s building societies. He has left a decisive mark on Raiffeisen Bausparkasse. His customer focus, creative power and stamina are legendary. After more than two decades at the top of Raiffeisen Bausparkasse, he can withdraw from a successful career as requested,” said a grateful Walter Rothensteiner, CEO of RZB and president of the Supervisory Board of Raiffeisen Bausparkasse. “With Manfred Url’s departure we say farewell to a good friend from the RZB board, but in him Raiffeisen Bausparkasse is gaining an excellent new CEO.”

“Johannes Schuster was the logical choice for the successor to Manfred Url on the board of RZB. In more than eleven years of intensive cooperation, he has put his qualities and skills superbly to the test – including expertise, a focus on results and management strengths. I look forward to continuing our shared path with him as a colleague on the board.”

In accordance with the proposal put forward by the presidents of the Supervisory Boards, Manfred Url will replace Erich Rainbacher at the end of the year, while Johannes Schuster will join the board of the sector’s central institute, Raiffeisen Zentralbank Österreich AG, with the establishment of the new RZB group structure.

Manfred Url

Born in Kapfenberg, Manfred Url has worked for Raiffeisen since 1982 and has gathered experiences at all levels of the Raiffeisen Banking Group in the course of his career. He started out in the Customer Balance Sheet Analysis department of Regional Raiffeisen Bank (RLB) Styria; just three years later he was made head of the Refinancing and Statistics department and after a further three years head of the main department of Raiffeisenbank Service and Sales Controlling. In addition, he worked as a functionary at a Raiffeisenbank. In 1994, he joined the management of RLB Styria at the age of 38. His remit was expanded to cover Securities, Company Organisation and IT.

Manfred Url joined RZB in 1998. Since t

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