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Reference ID	Created	Released	Classification	Origin
08VIENNA673	2008-05-16 13:52	2011-08-26 00:00	UNCLASSIFIED	Embassy Vienna

VZCZCXYZ0003
RR RUEHWEB

DE RUEHVI #0673/01 1371352
ZNR UUUUU ZZH
R 161352Z MAY 08
FM AMEMBASSY VIENNA
TO RUEHC/SECSTATE WASHDC 0197
INFO RUEATRS/DEPT OF TREASURY WASHDC

UNCLAS VIENNA 000673 
 
SIPDIS 
 
TREASURY FOR OASIA/ICB/VIMAL ATUKORALA 
TREASURY PLEASE PASS TO OCC/EILEEN SIEGEL, FEDERAL RESERVE, AND 
SEC/E.JACOBS 
 
E.O. 12958: N/A 
TAGS: EFIN PGOV EUN AU
SUBJECT: THE AUSTRIAN NATIONAL BANK'S NEW GOVERNING BOARD 
 
 
¶1.  The GoA recently announced the members of the new Governing 
Board for the Austrian National Bank (ANB).  Ewald Nowotny, CEO of 
BAWAG P.S.K. Bank, will be the new Governor.  Vice-Governor Wolfgang 
Duchatczek and Director Peter Zoellner were reappointed to the 
board, and Andreas Ittner will be the fourth board member. 
President Heinz Fischer must still approve the appointments, which 
are five-year terms.  The board will take office September 1, 2008. 
In the interim, the current board of Governor Klaus Liebscher, 
Vice-Governor Duchatczek, Director Zoellner and outgoing Director 
Josef Christl will remain in office. 
 
¶2.  (SBU) Biographic Information: 
 
Ewald Nowotny: 
 
Born June 28, 1944 in Vienna; holds a Doctorate in Law from Vienna 
University. 
 
Professional Career: 
1967 - 1971  Lecturer and assistant at University of Linz 
1970  PhD (Habilitation) in Economics 
1971 - 1972  Fellow at Harvard University 
1973  Full Professor for Economics and Public Finance, 
      Technical University Darmstadt, Germany 
1974 - 1979  Non-executive member, later President, of 
 the Board of Oesterreichische Postsparkasse (P.S.K.) 
1974 - 1982  Full Professor for Economics and Public 
      Finance, University of Linz 
1979 - 1999  Member of Parliament (Social Democratic 
      Party) 
1982 - 1999  Full Professor for Economics, Chair 
      Institute for Banking and Monetary Policy, Vienna 
      Economic University 
1985 - 1999  Member of Supervisory boards of Wiener 
      Staedtische insurance company and Linz AG 
1985 - 1999 Chairman of Parliament's Finance Committee 
1989 - 1999 Member of the Parliamentary Assembly, Western 
      European Union 
1999 - 2003  Vice-President (member of Management 
      Committee) of European Investment Bank, Luxembourg 
2003 - 2005  Professor and Vice Rector, Vienna Economic 
      University 
2003 - 2006  Member of supervisory board of Dexia - 
      Kommunalkredit AG bank 
2003 - Present  Member of supervisory boards of Linz AG 
       and VAMED AG 
2006 - 2007  CEO of BAWAG P.S.K. Bank, Austria's fourth 
      largest bank 
2008 - Present  Member of the supervisoryQrd of BAWAG 
      P.S.K. Bank 
 
Other activities: 
Member of the Board of the Austrian Economic Association (1996/97 
President) 
Member of the Board of Institute for Advanced Studies, Vienna (since 
2003 Vice President) 
President of the Austrian Technion Society (1992 - 1999) and 
Honorary Governor, Technion University, Haifa. 
 
Nowotny is married.  He speaks excellent English. 
Political affiliation:  Social Democratic Party. 
 
 
Wolfgang Duchatczek: 
 
Born September 21, 1949 in Vienna; holds a Doctorate in Economics 
from the Vienna Economic University. 
 
Professional Career: 
1970 - 1972  Trainee at IBM 
1973 - 1974  Employee at pharmaceutical company Berger 
1975 - 1976  Employee at Oesterreichische Laenderbank 
1976 - 1977  Job at the ANB's foreign office 
1978 - 1981  Staff member at the ANB President's office 
1982 - 1986  Head of the ANB President's office 
1987 - 1991  Deputy Director of the ANB's foreign office 
1992 - 1997  Director of the ANB's foreign office 
1997 - 2003  Member of the ANB's Governing Board 
2003 - Present  Vice-Governor of the ANB 
 
Duchatczek is married.  He speaks excellent English. 
Party affiliation:  People's Party. 
 
 
Peter Zoellner: 
 
Born May 16, 1957 in Eppenstein, Styria; holds a Doctorate in 
Economics from the Vienna Economic University. 
Professional Career: 
1980 - 1987  Employee at the ANB's banking department 
1985 - 1987  Lecturer at the Vienna Economic University 
1987 - 1991  ANB representative in New York and Consul 
      for Financial Affairs of Austria's Consulate 
      General office in New York 
1991 - 1996  Economic policy advisor to the Federal 
      Chancellor 
1996 - 1998  Treasury director at ANB 
1998 - Present  Member of the ANB's Governing Board 
 
Zoellner is married.  He speaks excellent English. 
Political affiliation:  Social Democratic Party. 
 
 
Andreas Ittner: 
 
Born September 29, 1958 in Vienna; holds a Master's degree in 
Business Administration from the Vienna Economic University. 
 
Professional Career: 
1983 - 1987  Employee at the ANB'S Banking System 
      Analysis Division 
1987 - 1997  Head of the ANB Governor's office 
Since 1997   Director of the ANB'S section Financial 
      Institutions and Markets 
 
In addition to the above, Ittner holds the following other 
functions:  member of the bureau o CEBS (Committee of European 
Banking supervisors since 2004, Chairman of the Working Group on 
Developments in Banking (WGBD) within the ESZB since 201, alternate 
member in the Banking Supervision ommittee (BSC) of the ESCB since 
1998, member ofthe supervisory board of the Austrian Financial 
arket Authority (FMA) since 2001, Vice-President ofthe A-Sit 
(Austria Secure Information TechnologyCenter Austria) since 1999, 
and member of the Financial Market Committee pursuant to the 
Austrian Financial Market Authority Act since 2002. 
 
Ittner speaks English. 
Party affiliation:  People's Party. 
 
KILNER

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Viewing cable 08VIENNA673, THE AUSTRIAN NATIONAL BANK'S NEW GOVERNING BOARD