Bank Austria/Creditanstalt Appoint Joint Global Treasury Heads To Oversee Merger

BANKS

VIENNA--The merger first proposed last year by Bank Austria and Creditanstalt Bankverein (FXW, January 20) is slated to go ahead under joint global heads of treasury for the combined entity, which is continuing under the Bank Austria name for the holding company.

Bank Austria's group treasurer Peter Fischer and Creditanstalt's treasury chief Patrick Butler, will oversee the global treasury business as co-heads of the division. Their mandate, to expand staffing levels, product lines and

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