BAWAG PSK announced that it appointed Stefan Barth and Sat Shah members of its managing board. Barth was appointed chief risk officer, effective Feb. 1, 2015 and Shah was named COO, effective March 4, 2015.

Barth, who was most recently head of the strategic risk division at BAWAG, has organizational and technical responsibilities for overall bank risk management in his new role. He succeeds Jochen Klpper, who left the lender after six years. Barth joined BAWAG in 2013.

Shah, previously chief administrative and strategy officer responsible for strategy, investor relations and communications, is now responsible for bankwide strategy, operations, IT and communications. Shah joined BAWAG in 2014.