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CFI.co Spring 2020

Page 74

> Kathrein Privatbank:

A Past Rich in Tradition. A Future Filled with Promise. Kathrein Privatbank AG, with its headquarters in Vienna's first district, was founded by Carl Kathrein in 1924 and is one of the leading private banks in the German-speaking region. Its core competence is the management of personal, corporate and institutional assets as well as private foundation assets.

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athrein’s history spans more than 95 years, and during this time it changed its corporate form more than once. It all began when the private bank was founded by Carl Kathrein on February 5, 1924 under the name "Bankkommanditgesellschaft Kathrein & Co”. Less than a year later, in January 1925, Kathrein & Co was "among the persons authorised to deal in foreign exchange". On May 17, 1926, founder Carl Kathrein was granted a "small bank license" and the company's name changed to "Kathrein & Co. Bank- und Kommissionsgeschäft". After World War II, in 1951, the bank came into the possession of the Wolzt and Schaefer families who managed the bank as "Kathrein & Co Bankkommanditgesellschaft" until 1974. In 1997, the company split off from the commercial business and in the following year 1998, the company name was changed to "Kathrein & Co Aktiengesellschaft". In 2011, the bank took its current name "Kathrein Privatbank Aktiengesellschaft". Throughout this time, Kathrein Privatbank AG has kept its headquarters at Wipplingerstraße 25, making it one of the oldest and most renowned private banks in Austria. In May 2019, experienced Raiffeisen bank manager Wilhelm Celeda became CEO of Kathrein. Celeda worked at Raiffeisen Centrobank for 25 years and also headed the bank as CEO from 2015 to 2019. His responsibilities include Business Development, Foundation Office and Trading & Treasury. Stefan Neubauer, who most recently worked in the management at Raiffeisen Centrobank, is a member of the board and responsible for domestic and international private banking and marketing at Kathrein. "After more than a year as a member of the board, I can say with confidence that my move to Kathrein was definitely the right decision. My team and I strive daily to optimie our product and service offer and thus position Kathrein even stronger in the market”, said Neubauer. The board is completed by Harald P. Holzer, who is also Chief Investment Officer and has been with Kathrein for more than 20 years. 74

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