At its meeting held on Friday, 6 November, the Board of Directors of Komercijalna banka unanimously elected Alexander Picker, PhD as the new President of the Executive Board.

Alexander Picker, PhD is an expert with twenty-six years of experience in banking. He was born in Salzburg and started his banking career in 1989 in Vienna. Over the past years he has been a member of banking boards in Poland and Russia and the CEO of banks in Kazakhstan, Slovenia, Serbia, Bosnia and Herzegovina and Austria.

'It is with great pleasure that I am taking the helm of Komercijalna banka, one of the most reputable financial institutions in the region, at such a challenging moment, two years before the planned privatisation. The management's aim in the upcoming period will be to improve the Bank's performance and enhance its services, in full cooperation with the employees and thanks to the immense trust that the Bank enjoys among its customers, so that the Bank's privatisation could yield the anticipated success for shareholders, the largest of which is the Serbian Government,' said Mr. Picker.

Alexander Picker, PhD will take office in December.

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