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Meinl Bank: Stephen Coleman to Become New CEO

Published: October 23, 2015; 16:00 · (Vindobona)

Stephen Coleman will replace Günter Weiss, who must vacate his seat due to a ruling from the Austrian Financial Market Authority (FMA).

Stephen Coleman to Become New CEO of Meinl Bank / Picture: © LinkedIn Corporation

According to information from the daily "Die Pressse" Stephen Coleman will becom the new board member of Meinl Bank.

The Supervisory Board of Meinl Bank is to decide soon.

Coleman has recently passed at Fit&Proper-Test of the Financial Market Authority, which is a prerequisite for this function.

The statement of Meinl Bank reads as follows: "On grounds of principle the institute does not comment on rumors. Once the decision is made, Meinl Bank will inform the public."

About Stephen Coleman

Stephen Coleman, 46, joined Meinl Bank AG in 1999 from Dresdner Kleinwort Benson Ltd, London, where he was head of the Central and Eastern Europe Proprietary Trading Desk in Global Markets.

Focused on CEE since joining Creditanstalt Bankverein, London in 1990, he has established Meinl Bank as a market in distressed debt trading and cross-border finance.

At Meinl Bank he was responsible for overseeing the areas of Debt Trading, Debt Capital Markets, Trade Finance and Export Promotion, as well as co-heading the Renewable Energy and M&A business.

During the past decade Meinl Bank has worked with the governments of many CEE countries on illiquid debt transactions as well as developing corporate and bank relations in Africa and Latin America.

About Meinl Bank AG

As a private bank, Meinl Bank provides services in the areas of corporate finance, fund management and private and institutional asset management.

Meinl Bank controls its own investment fund company, Julius Meinl Investment GmbH.

Meinl Bank has a stable economic basis, the bank’s equity ratio amounts to EUR 57 Mn and is more than twice as high as the capital backing rate required by Austrian law.