The Austrian Financial Market Authority (FMA) has appointed Oliver Schütz as a member of its Executive Board.

He was nominated for the role by the Austrian National Bank and appointed by the Federal President, Alexander Van der Bellen, on the recommendation of the federal government, for a five-year term.

Schütz succeeds Helmut Ettl, who, after more than 18 years as a member of FMA’s Executive Board, is taking up the role of executive director of the International Monetary Fund.

Schütz studied law at the University of Innsbruck and received his doctorate in banking supervision.

After working as a trainee solicitor at Binder Grösswang Rechtsanwälte, Schütz joined the FMA for the first time in 2002, the year it was founded. From 2006 to 2010, Schütz was head of department in the FMA’s banking supervision division.

Following roles in the private sector from 2010 to 2015 at companies including Erste Group Bank and UniCredit Bank Austria, Schütz returned to the FMA in 2015 as head of the newly created Bank Resolution Division.

He also represents the FMA on numerous international bodies, including the plenary session of the Single Resolution Board in Brussels.

The Executive Board is responsible for managing the authority’s operations and conducting its business in accordance with the law and the FMA’s Rules of Procedure. It comprises two members: Mariana Kühnel, who has served on the Executive Board since 6 July 2025, and Schütz.

Commenting on the appointment, Kühnel and Schütz said they look forward to working together on the FMA's Executive Board.

“We are building on a strong foundation and will jointly develop the FMA's successful path in the face of increasingly interconnected new risks for the financial market,” they continued.

“We want to focus even more strongly on the material risks, simplify processes and use our resources where they have the greatest impact. For us, efficiency, risk orientation and transparency are central guidelines for modern and effective supervision.”

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