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Corporate Governance Senior Management and Executive Members of the Board of Directors1 of OTP Bank

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Corporate Governance Senior Management and Executive Members of the Board of Directors1 of OTP Bank Corporate Governance Senior management and executive members of the Board of Directors1 of OTP Bank Dr. Sándor Csányi Dr. Zsolt Barna László Bencsik Chairman & CEO General Deputy CEO Chief Strategy and Finance Officer Group Governance Strategy and Finance Division and Operations Division He graduated from the College of His professional carrier started at the In 1996, Mr. László Bencsik graduated Finance and Accountancy in 1974 State Financial and Capital Market from the Faculty of Business Admin- with a bachelor’s degree in business Supervisory Commission. During his istration at the Budapest University administration and in 1980 from the supervisory career, he went through of Economic Sciences, and in 1999 Karl Marx University of Economic the professional rankings and became he obtained a Master’s in Business Sciences with a degree in economics, a managing director of the Financial Administration (MBA) from INSEAD where he also got his doctorate in and Capital Market Supervisory Business School in France. Between 1983. He is an economist with a spe- Directorate. In this position, he was 1996 and 2000 he worked as a con- cialisation in finance, and a certified managing the supervision of banks sultant at Andersen Consulting (now auditor. After graduation, he worked and banking groups. Between 2006 Accenture). From 2000 to 2003 he at the Revenue Directorate and then and 2010, he was a member and was a project manager at consulting at the Secretariat of the Ministry of permanent invitee to the CESR’s, firm McKinsey & Company. He joined Finance, after which, between 1983 CEBS’s leading bodies and special- OTP Bank in 2003, when he became and 1986, he was a departmental ized in professional committees. managing director of the Bank head at the Ministry of Agriculture and He has been working for OTP Group Operations Management Directorate, Food Industry. From 1986 to 1989, since 2010 and during that time he and the manager with overall he worked as a head of department became the Chairman of the Board responsibility for controlling and at Magyar Hitel Bank. He was deputy of Directors of CKB Bank in Monte- planning. He has been deputy CEO of CEO of K&H Bank from 1989 to 1992. negro, where he was leading the OTP Bank, and head of the Strategy He has been Chairman & CEO of reorganization of the company. and Finance Division, since August OTP Bank Plc. since 1992. He is the Vice Following several managerial 2009. Since 13 March 2012 he has Chairman of the Board of Directors positions within OTP Group, been Chairman of the Supervisory of MOL Plc., Co-Chairman of the between 8th June 2016 and 31st Board of DSK Bank. National Association of Entrepre- August 2018 he fulfilled the position As of 31 December 2018 he held neurs and Employers (VOSZ), of the Chairman and the CEO 39,105 ordinary OTP shares. and Co-Chairman of the Chinese- of OTP Real Estate Investment Fund Hungarian Business Council. He has Management Ltd. At the same time, been Chairman of the Hungarian starting from September 2016 to Football Association (MLSZ) since 31st August 2018 he took over the July 2010, and a member of the UEFA position of the Chairman of the Executive Committee since March Board of Directors of OTP Fund 2015. Since April 2017, he has been Management Pte. Ltd. In 2017 and a member of the FIFA Council. 2018 he directed the integration of In February 2018 he was elected OTP Bank’s Croatian subsidiaries. He Vice President of FIFA and in Feb- fulfils the position of the Chairman of ruary 2019 Vice President of UEFA. the Supervisory Board of OTP Real As of 31 December 2018 he held Estate Ltd. since 10th September 740,667 ordinary OTP shares (while 2018. Since 1st September 2018 he the total number of OTP shares held has been the General Deputy CEO in by him directly and indirectly was charge of OTP Bank’s Group 3,425,995). Governance and Operations Division. As of 31 December 2018 he held no ordinary OTP shares. 1 The members of the Board of Directors are elected by the General Meeting for a term of five years. 284 OTP Bank Annual Report 2018 Tibor András Johancsik György Kiss-Haypál Antal György Kovács László Wolf Deputy CEO Deputy CEO Deputy CEO Deputy CEO IT and Bank Operations Division Credit Approval and Retail Division Commercial Banking Division Risk Management Division BoD Member BoD Member Mr. Tibor András Johancsik graduated György Kiss-Haypál is a qualified Antal György Kovács graduated from László Wolf graduated from the Karl from the Budapest Technical Univer- economist. He graduated from the the Karl Marx University of Economic Marx University of Economic Sciences sity with a degree in electrical engi- Budapest University of Economic Sciences with a degree in economics. in 1983. After graduation, he worked neering in 1988, and then in 1993 Sciences in 1996. He started his He began his professional career in at the Bank Relations Department of earned a further degree in foreign career as a project finance analyst 1990 at the Nagyatád branch of K&H the National Bank of Hungary for trade business administration from for Budapest Bank Plc., and by 2007 Bank, where he worked as a branch 8 years, and then served as head of the College of Foreign Trade. he had been appointed head of the manager between 1993 and 1995. Treasury at BNP-KH-Dresdner Bank He began his professional career bank’s risk management depart- He has been working at OTP Bank Plc. between 1991 and 1993. From April at as a researcher in the field of ment. Between 2002 and 2006 he since 1995, first as a county director 1993 he was managing director of industrial automation at the also worked in Ireland as corporate and from 1998 as the managing OTP Bank’s Treasury Directorate, and Hungarian Academy of Sciences credit risk portfolio manager for GE director of OTP Bank’s South Trans- since 1994 he has been Deputy CEO Institute for Computer Science and Consumer Finance, and in Austria as danubian Region. Since 1 July 2007 of the Commercial Banking Division. Control (MTA SZTAKI). From 1994 GE Money Bank’s consumer loans he has served as OTP Bank’s Deputy Member of DSK Bank’s Supervisory onwards he held management portfolio manager. From 2015 he CEO. He has received additional Board. He has been Chairman of the positions at the Hungarian subsidi- was deputy head of the Credit training at the International Training Board of Directors of OTP banka aries of international IT development Approval and Risk Management Centre for Bankers and on various Srbija since 10 December 2010. companies (ICL, Unisys, Cap Gemini). Division of OTP Bank Plc., and was courses held by the World Trade He has been the Chairman of the From 2001 he worked as an advisor then appointed acting head of the Institute. Between April 2007 and Supervisory Board of OTP Real in the fields of IT and organisational Division. Since 3 May 2017, he has April 2012 he was Chairman of the Estate Ltd. between 30th June 2014 development, then from 2003, as been deputy CEO of the Credit Supervisory Board of OTP banka and 9th September 2018. He has managing director of JET-SOL Kft., Approval and Risk Management Hrvatska d.d. He has been Chairman been a member of OTP Bank’s Board he participated in the development Division. He has been chairman of the Supervisory Board of OTP Bank of Directors since 15 April 2016. of numerous systems in Hungary of the Board of Directors at Romania SA since 12 December 2012. As of 31 December 2018 he held and abroad. Since 24 February 2016 OTP Factoring Ltd. since 1 Septem- He has been Chairman of the Board of 605,029 ordinary OTP shares. he has been Deputy CEO in charge of ber 2017. Directors of OTP Mortgage Bank Ltd. OTP Bank’s IT and Bank Operations As of 31 December 2018 he held and OTP Building Society Ltd. since Division. Since 1st April 2016 he has 20,131 ordinary OTP shares. 24 April 2014. He is Chairman of the been the Chairman of the Super- Supervisory Board of OTP Fund visory Board of Monicomp Ltd. Management and OTP Mobile Kft. As of 31 December 2018 he held From 2004 to 14 April 2016 he was 8,558 ordinary OTP shares. a member of OTP Bank’s Super- visory Board. He has been a member of OTP Bank’s Board of Directors since 15 April 2016. As of 31 December 2018 he held 27,263 ordinary OTP shares. Corporate governance 285 Non-executive members of the Board of Directors of OTP Bank Mihály Baumstark Dr. Tibor Bíró Tamás Erdei BSc Agricultural Business College Associate Professor BSc Business Administration Administration, MSc Economics Mihály Baumstark graduated with a Dr. Tibor Bíró graduated with a Tamás Erdei graduated in 1978 with degree in agricultural business bachelor’s degree in business a degree from the College of Finance administration at Gödöllő University administration from the College of and Accounting. He began his pro- of Agriculture (1973), and went on to Finance and Accountancy (1974) and fessional career at OTP, in a variety do a masters in economics at the received a further degree from the of administrative roles (his last posi- Karl Marx University of Economic Karl Marx University of Economics tion was branch manager), before Science (1981). He was employed by (1978). He has been a certified audi- going on to work at the Ministry of the Ministry of Agriculture and Food tor and chartered accountant since Finance in the area of bank super- Industry between 1978 and 1989.
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