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» Personal Loan No Credit Check, Online Economics » Club OF Rome » Topics begins with G » Gerhard Randa


Page modified: środa, lipiec 13, 2011 01:45:11

Gerhard Randa (* 13 September 1944 in Vienna) was a boss of many years of the bank Austria.

Randa studied at the university at that time for world trade in Vienna (today school for economics Vienna).

Since 1967 it is active in the bank range. First he was a general manager of the Austrian land bank, after their fusing with the central savings bank and Kommerzialbank to the bank Austria was he a general manager deputy there, and starting from 1995 general manager of the bank Austria.

Randa landed its largest coup 1997 by the assumption of the state portions of the Creditanstalt by the bank Austria. Since it itself with bank Austria at that time still around municipality savings bank acted, with which city Vienna as an owner of the portion administrative savings bank, who became largest shareholder of the institute, this assumption of the national and international bank scene as illusory privatisation criticized, also in connection with the adhesion of the city Vienna for Institut.

Since the case of the iron curtain there was a competition under the Austrian banks concerning the expansion to Eastern Europe. The risk, which Randa and the bank Austria accepted concerning Eastern Europe business thereby, itself starting from the year 1998 in relevant billion-losses.

These losses in the foreign business could become balanced in the company and in the again-created bank Austria Creditanstalt international (BACAI) only by the lastingly positive results from the taken over Assets of the Creditanstalt in the BACAI and the Creditanstalt themselves. The raising of funds on the capital market, which am connected with the expansion of the activities in the Eastern Europe business, to a portion structure had already before led, which made a hostile takeover possible. Due to its and the yield capacity of the largest bank of Austria weakened now Randa began already 1999 negotiations with the HypoVereinsbank and other possible partners.

After in the year 2000 the accomplished fusion of the bank Austria with the HypoVereinsbank held it an executive committee position in the HVB. The bank Austria served in the consequence as cash Cow otherwise due to HypoVereinsbank yield-weak of refuse dumps.

To the reproaches the bank landscape in Austria to have lastingly ruined Randa reacted once with the remark in each case as Exekutor to have Share more holder acted.

To the assumption of the HVB by the Unicredit Randa goes into the executive committee of the liking well company from franc Stronach to Toronto. It worries there about the range finances.

Randa is member in the club OF Rome.


Articles in category "Gerhard Randa"

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