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LJUBLJANA - The European Central Bank (ECB) has approved the appointment of Reinhard Höll as the new Chief Transformation Officer (CTO) of Nova Ljubljanska Banka (NLB). Höll, whose term will commence following the signing of his contract, was appointed by the NLB Supervisory Board in February and is expected to assume his role imminently.
With a two-decade career in international banking and consultancy, Höll brings extensive experience to NLB’s Management Board. His expertise spans retail and corporate banking, growth transformation, technology modernization, and risk management. Prior to joining NLB, Höll held positions at Commerzbank (ETR:CBKG), Lehman Brothers, and Standard Bank, and most recently served as a Partner at McKinsey & Company.
As CTO, Höll is set to steer key projects aligned with NLB Group’s ambitious business strategy, which aims to double the bank’s balance sheet, revenues, and profits by 2030. The strategy projects a growth to over EUR 50 billion in total assets, with recurring revenues surpassing EUR 2 billion and a profit target exceeding EUR 1 billion. This will be achieved through organic growth and selective mergers and acquisitions in Southeast Europe (SEE).
Höll will also oversee the transition of IT governance within the bank, supporting NLB’s goal to establish a cross-functional agile operating model. The IT strategy includes enhancing mobile and digital services, transitioning to a resilient hybrid-cloud infrastructure, and fostering data-driven decision-making with advanced AI applications. The bank also aims to become a regional hub for digital talent and to digitize 90% of new regular transactions end-to-end.
The NLB Management Board, alongside Höll, comprises of Blaž Brodnjak (CEO), Archibald Kremser (CFO), Andreas Burkhardt (CRO), Hedvika Usenik (CMO Retail), Andrej Lasič (CIB), and Antonio Argir (CGPO).
This management change is part of NLB’s ongoing efforts to enhance its operational capabilities and market presence, as detailed in the recent press release statement.
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