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Corporate Governance

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Corporate Governance corporate governance 185 Senior management of OTP Bank and executive members of the Board of Directors Dr. Sándor Csányi Dr. Antal Pongrácz László Bencsik Dr. István Gresa Chairman & CEO Deputy Chairman, Deputy CEO CFO, Deputy CEO Deputy CEO Member of the Board of Director Strategy and Finance Division Credit Approval and Risk Staff Division Management Division Dr. Sándor Csányi (57) graduated from Dr. Antal Pongrácz (64) graduated László Bencsik (40) has been Dr. István Gresa (57) graduated the College of Finance and Accounting in from the Budapest University of deputy CEO of OTP Bank Plc., and from the College of Finance and 1974 with a bachelor’s degree in Economics and earned a Ph.D. in head of the Strategy and Finance Accounting in 1974 and received a business administration and in 1980 1971. From 1969 he worked as an Division, since August 2009. degree in economics from the from the Budapest University of analyst at the Petrochemical He joined OTP Bank in September Budapest University of Economics Economics with a degree in economics. Investment Company, then as a 2003, when he became managing in 1980. He earned a Ph.D. from He is an economist with a specialisation group manager at the Revenue director of the Bank Operations the same establishment in 1983. in finance, and is also a qualified pricing Directorate until 1975. From 1976 Management Directorate, and the He has worked in the banking specialist and certified auditor. After he worked in various management manager with responsibility for sector since 1989. Between 1989 graduation he worked at the Revenue positions at the Ministry of Finance. controlling and planning tasks. and 1993 he was branch manager Directorate and then at the Secretariat of From 1986 to 1987 he was the first From 2000 until he joined OTP of Budapest Bank’s Zalaegerszeg the Ministry of Finance, after which he Deputy Chairman of the State Office Bank he was a project manager at branch. From 1993 he was director was Head of Department at the Ministry for Youth and Sports. Between 1988 the consulting firm McKinsey & of OTP Bank’s Zala County of Agriculture and Food Industry between and 1990 he was the first Deputy Company Inc. Between 1996 and Directorate, and from 1998 he 1983 and 1986. Between 1986 and CEO of OTP Bank. Between 1991 2000 he worked as a consultant at served as the director of the Bank’s 1989 he worked as Head of Department and 1994 he was the CEO, and then Andersen Consulting (Accenture). West Transdanubian Region. Since at Magyar Hitel Bank Rt. He was deputy Chairman & CEO, of the European In 1996 he graduated from the 1 March 2006 he has been Deputy CEO of K&H Bank from 1989-92. Since Commercial Bank Rt. Between 1994 Faculty of Business Administration CEO of OTP Bank and the Head of 1992 he has been Chairman & CEO of and 1998 he was the Chairman & at the Budapest University of the Credit Approval and Risk OTP Bank Ltd., where he is responsible CEO of Szerencsejáték Rt., then in Economics, and in 1999 he Management Division and chairman for the Bank’s strategy and overall 1998-99 he served as CEO of obtained a Masters in Business of the Board of Directors of OTP operation. He is a member of the Board Hungarian flagship carrier, Malév. Administration (MBA) from the Factoring Zrt., and from 22 May of Directors for Europe of MasterCard, Since 2001 he has worked as the INSEAD Business School in France. 2007 chairman of the Board of one of the largest international card managing director of OTP Bank’s Staff As of 31 December 2009 he held Directors of OTP Healthcare Fund companies, and is also a Board member Division and more recently as Deputy no ordinary OTP shares. Zrt. As of 31 December 2009 he and co-chairman of the Hungarian oil and CEO. He has been a member of held 63,758 ordinary OTP shares. gas company MOL, co-chairman of the OTP Bank Plc’s Board of Directors National Association of Entrepreneurs and since 2002. As of 31 December Employers (VOSZ), and a member of the 2009 he held 200,000 ordinary Board of Directors of the Hungarian OTP shares. Banking Association. As of 31 December 2009 he owned 200,000 ordinary OTP shares (while the total number of OTP shares held by him directly and indirectly was 2,700,000). 186 OTP Bank Annual Report 2009 Antal Kovács Ákos Takáts Dr. László Utassy László Wolf Member of the Supervisory Board, Deputy CEO Advisor to the Chairman, Deputy CEO Deputy CEO IT and Bank Operations Division Member of the Bard of Director Commercial Banking Division Retail Division OTP Bank Antal Kovács (57) graduated from Ákos Takáts (50) graduated from the Dr. László Utassy (58) graduated László Wolf (50) graduated from the the Budapest University of Economics University of Horticulture and Food from the Law Faculty of ELTE in Budapest University of Economics in with a degree in economics in 1985. Industry in 1982 and earned a degree 1978, and earned a further degree 1983. After graduation he worked at He started his professional career in engineering in 1985. He has worked in economics, with a specialisation the Bank Relations Department of the in 1990 at the Nagyatád branch in the banking sector since 1987. From in insurance, from the Budapest Hungarian National Bank for 8 years, of K&H Bank where he worked as 1993 he served as a deputy head of University of Economics in 1995. He after which he served as head of a branch manager between 1993 department at OTP Bank Plc., then, held various positions at the State Treasury at BNP-KH-Dresdner Bank and 1995. From 1995 he started from 1995, he was managing director Insurance Company and then at ÁB- between 1991 and 1993. From April working for OTP Bank Ltd., first as of the Bank’s IT Development AEGON Rt. between 1978 and 1995. 1993 he was managing director of a county director and from 1998 Directorate. Since 1 October 2006 he From 1996 to 2008 he was the CEO, OTP Bank’s Treasury Directorate, and as the managing director of OTP has served as OTP Bank’s Deputy CEO and later Chairman & CEO, of OTP since 1994 he has been Deputy CEO Bank’s South Transdanubian Region. and the head of the IT and Logistics Garancia Insurance. He has been of the Commercial Banking Division. He received additional training at Division. As of 31 December 2009 he a member of OTP Bank’s Board of As of 31 December 2009 he held the International Bankers’ School held 153,347 ordinary OTP shares. Directors since 2001. He has been 677,640 ordinary OTP shares. and the World Trade Institute. He an advisor to the chairman and an has been a member of OTP Bank’s executive director since 2008. Supervisory Board since 2004. As of As of 31 December 2009 he held 31 December 2009 he held 23,000 250,000 ordinary OTP shares. ordinary OTP shares. Corporate governance 187 Non-executive members of the Board of Directors Mihály Baumstark Dr. Tibor Bíró Péter Braun Dr. István Kocsis Chairman & CEO Head of Department Electrical Engineer CEO Csányi Vinery Ltd. Budapest College of Business Former Deputy CEO Budapest Public Transport Company OTP Bank Mihály Baumstark (61) holds degrees in Dr. Tibor Bíró (58) graduated Péter Braun (74) earned a degree Dr. István Kocsis (58) graduated from agricultural engineering and agricultural from the Budapest University of in electrical engineering from the the Budapest Technical University as a economics. He was employed by Economics with a degree in business Budapest Technical University. mechanical engineer, and earned his the Ministry of Agriculture and Food administration. He was the Head of Between 1954 and 1989 he worked PhD from the same institution in 1985. Industry between 1978 and 1989. the Financial Department of the City for the Research Institute for Electrical Career highlights: 1976-1978 Budapest Prior to leaving the Ministry he worked Council of Tatabánya from 1978 Energy, with his last position there University of Technology, Faculty of as deputy head of the Accounting to 1982. He began teaching at the being Head of Department. After that, Mechanical Engineering, Mechanical Department. He went on to join College of Finance and Accounting he was the managing director of K&H Components Department, Assistant Hubertus Rt. as its managing director, in 1982 and has been head of Bank Rt., working in its Computer and Lecturer; 1978–1979 VEGYTERV, chief and from 1999 he was the deputy department since 1992. He is a Information Centre. He is a member of planner; 1979–1991 Budapest University CEO, and then Chairman & CEO, of chartered public accountant and a GIRO Rt.’s Board of Directors, and was of Technology, Faculty of Mechanical Villányi Vinery Ltd. (now Csányi Vinery registered auditor. He is a member Deputy CEO of OTP Bank Ltd. from Engineering, Department of Structural Ltd.). Between 1992 and 1999 he was of the Budapest Directorate of the 1993 until his retirement in 2001. Mechanics, Assistant Professor, 1985- a non-executive member of OTP Bank's Hungarian Chamber of Auditors. He Since the second half of 2009 he has 1991 Faculty of Mechanical Engineering, Supervisory Board, and since 1999 a has been a non-executive member of been chairman of the Hungarian Chief Kármán Tódor Campus, director non-executive member of its Board of OTP Bank’s Board of Directors since Information Officers' Association. He (part-time); 1991 FÉG Machine Factory, Directors. As of 31 December 2009 he 1999.
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