Vienna – The Austrian National Bank (OeNB) has nominated a new co-board member, Oliver Schütz, for the dual leadership of the Financial Market Authority (FMA). Schütz is currently head of the banking processing department at the FMA and will replace Helmut Ettl at the top of the FMA on November 1st, as the OeNB wrote in a press release on Tuesday. Ettl, who currently heads the authority together with co-chair Mariana Kühnel, is set to move to the International Monetary Fund (IMF) as Executive Director in the fall.
