“The Supervisory Board of Banca Comerciala Romana (BCR) took several decisions regarding the structure and composition of BCR’s management board in order to align responsibilities with the readjusted organizational structures of the bank,” BCR said in a statement.
It said Jonathan Locke was appointed as the bank’s new Chief Risk Officer, pending approval of the Romanian central bank. Locke replaced Michael Beitz, who will manage the bank’s Remedial, Restructuring and Recovery business line.
BCR’s corporate and markets activities will be consolidated under Sergiu Manea, currently Vice-President for Treasury, Capital Markets & Group Large Corporate. Manea will assume responsibility for all units under the corporate business line and BCR’s corporate franchise in Romania.
Wolfgang Schoiswohl, currently Vice-President for Corporate Banking, will assume a new role with Erste Group Holding, BCR’s parent bank.