Black belt. 10 facts about the new Chairman of the Board of PrivatBank

About the personnel decision of the Supervisory Board of PrivatBank officially announced the evening of 10 January, when the country started to get back into a working rhythm after a series of new year holidays. In the near future, the candidate must agree to the National Bank.

“In the process of evaluating candidates for positions on the Board of the PrivatBank we are primarily guided by such criteria, as professionalism, experience in the leading EU banks, result-oriented, solid experience in operational management and implementation of control instruments”, — commented on the appointment of the official report Engin Akchakocha, Chairman of the Supervisory Board of PrivatBank.

From the point of view of the members of the Supervisory Board Peter Krumhansl meets the specified requirements. However, wide circles of Ukrainian citizens about this figure almost nothing is known.

Find Western recruiters

The search for worthy candidates began in the summer of 2017 after appointed head of the Board after the nationalization of PrivatBank Oleksandr Shlapak has resigned. The solution of this difficult question of staffing the Supervisory Board of PrivatBank trusted international recruiting company Amrop Executive Search Ukraine.

This international company, representative office which has been working in Ukraine for about ten years, specializiruetsya on the search for top managers and rare specialists. As previously reported in the Bank, she was chosen in a competition, which was attended by 11 recruitment companies specializing in the recruitment of executives.

When PrivatBank in July 2017 has announced a partnership with Amrop Executive Search Ukraine, it was assumed that the search for a worthy candidate will take about four weeks. However, before the official reports on the appointment of Peter Krumhansl been almost six months.

The first Expat in the state Bank

Peter Krumhansl will become the first foreigner to head the state Bank in Ukraine. We will remind, the head of Board of the savings Bank remains appointed on the revolutionary wave ally of ex-Prime Minister Arseniy Yatsenyuk Andrew Lush. State UGB is headed by an experienced banker Kirill Shevchenko, and Ukreximbank — nonpublic Alexander Gritsenko.

Probably Peter Krumhansl will not be the only expatriate among top managers of PrivatBank. Because Amrop Executive Search Ukraine, in addition to choosing the actual Chairman of the Board of the nationalized enterprises also have the responsibility to find his Deputy for financial matters. Information on possible candidates have not been disclosed.

Man — law

Just a few days before reports on the appointment of Peter Krumhansl entered into force, law No. 2210-VIII, which allows you to take positions of top managers of the banks to individuals without professional education. Earlier in these posts can apply only persons who have completed higher education in Economics, management or law.

Apparently, this initiative was developed for the introduction of the top management of PrivatBank Czech banker. Peter Krumhansl, after graduating in 1990, Charles University in Prague and received a Ph. D. in mathematics. A candidate for the high post allows him not so much education, how much practical professional experience.

Polyglot

Working in Ukraine, the new head of PrivatBank will not be much inconvenience because of the language barrier. Peter Krumhansl in addition to his native Czech fluent English, German and Japanese.

However, the future head of the PrivatBank is not the only foreign representative of the Ukrainian Bank, which is easy to communicate in Russian. As previously said the Focus predpravleniya OTP Bank Tomas HAK-Kovacs, he had to spend on learning the Russian language 1200 hours for two and a half years. This helped him to obtain high office.

Another one of the “Brotherhood of the Holy Aval”

Apparently, knowledge of the Russian language helped Peter Krumhansl, who received a position in the commercial Bank in 2008. From January 2008 to July 2011 he worked on the post of member of the management Board on operations in Raiffeisen Bank Aval.

It is noteworthy that both the main candidates on a post of the head of the national Bank are also associated with Raiffeisen Bank Aval (until August 2005 Bank Aval). One of them is unchallenged in the last 10 years CEO of Raiffeisen Bank Aval Vladimir Lavrenchuk.

The most likely candidate for the position of head of the NBU — present acting as the first person in the Bank of Yakov Smoliy — worked in the Aval from 1994 to 2005, up to the purchase of the Bank’s international banking group Raiffeisen Bank International. In Aval resin rose to the position of Deputy Chairman of the Board. We will remind that the Deputy head of the NBU — Roman Borisenko and Dmitry Sologub — came from the same “source of manpower”.

Crisis Manager

While working in Raiffeisen Bank Aval Peter Krumhansl had to fight with the consequences of the global financial crisis that reached Ukraine in 2008-2009. As noted in the official report of PrivatBank, then Krumhansl managed to significantly reduce the cost of Raiffeisen Bank Aval, due to the restructuring of the branch network and introduction of new business models. Apparently, in the Supervisory Board of PrivatBank believe that the experience of adaptation of Aval to adverse market conditions will be useful for the elimination of the consequences of the crisis of 2014-2015 in PrivatBank.

Cleaner assets

As one of the probable reasons for the resignation of the Chairman of the Board of PrivatBank Alexander Shlapak called his reluctance to deal with problem assets, which, from the point of view of the state, associated with ex-owners Igor Kolomoisky and Gennady Bogolyubov. For this reason, the ex-CEO of PrivatBank high-tech compared with high-speed Ferrari car with trailer toxic waste.

As it turned out, Peter Krumhansl experience with distressed assets already there. Indeed, as noted in the official press release in the post of member of the management Board on operational issues created by the government of Austria of the company on management of distressed assets Heta Asset Resolution, he was responsible for the allocation of non-performing assets in the so-called bad Bank. There is a Czech banker, worked from 2013 to 2016.

The scale of management

In PrivatBank, which in 2017 was ranked among the best employers Focus, employs more than 22 thousand employees. However, Krumhansl have experience in managing a much larger team. He held the position of member of the management Board on operations of the Chinese units of the Bank Home Credit, where he worked more than 85 thousand employees.

Sixth Dan

Peter Krumhansl known not only as a successful banker, but also as a black belt combat martial arts Aikido. On the website martial arts schools Aikido Klub Praha Krumhansl listed as one of the teachers, which has a sixth Dan (the so-called grades in this Oriental martial art).

Sixth Dan is a great achievement for Europeans, as given above the seventh are awarded very rarely, mostly immigrants from Japan.

Nobody

Today buying information that is known about the new head of the Board of PrivatBank, does not allow to assume that Peter Krumhansl — a creature of any centers of influence in Ukraine. Therefore, we can assume that he would not play along as the former owners of PrivatBank, and their political opponents in power.