Erste’s chief executive Andreas Treichl is expected to travel to Bucharest later this week to announce Spurny’s appointment, the mentioned sources said.

Spurny, 46, with dual Czech-American nationality, started his career as a trainee in the banking program of Manufacturers Hanover Trust (New York) in 1987. From 1989 he worked as a treasury analyst for the European American Bank (New York).

In 1994 he joined McKinsey & Company Inc. as an associate and in 1999 he entered the Czech banking market. Between 1999 and 2000 he served as CEO and vice-chairman of the Board of Directors of the Prague-based CCS a.s. and after that he was appointed financial director of the Prague-based Société Générale.

For five years from 2002 he was CEO of the Bratislava-based VÚB a.s. (Vseobecna Uverova Banka), a subsidiary of Italy’s Intesa Sanpaolo, and also chairman of the Board of Directors.

In 2007, he was appointed CEO of PPF Czech Republic, where he also held the post of the chairman of the Board of Directors, and in since March 2009 he has been working as CEO of CIB Bank Hungary.