VBV Group, Austria’s biggest retirement services group, has announced the appointment of Christian Reiss as chief executive officer (CEO) of the VBV Pension Fund.

Reiss was appointed by the Supervisory Board and replaces Günther Schiendl, who stepped down from his roles within the VBV Group at the end of June.

In his new role, Reiss will be responsible for corporate management, customers and sales, marketing and communications, and digitalisation and business development.

In addition to Reiss’ appointment, Michaela Attermeyer and Martin Vörös have been appointed to VBV Pension Fund’s Executive Board, in addition to their existing roles within the VBV Group.

In their respective roles, Attermeyer will lead investment management, while Vörös will be responsible for finance, risk management and information security.

VBV Group has been gradually implementing efficiency-enhancing measures since 2022, including plans to merge the investment divisions of the VBV Pension Fund and the VBV Provident Fund. As part of the merger, the number of Executive Board positions have been reduced.

Commenting on the restructuring, VBV Group chief executive, Andreas Zakostelsky, said: “The recent reorganisation of the Executive Board of VBV-Pensionskasse is part of a structured and long-term generational transition within the VBV Group.

“In this way, we are ensuring that the successful development of our company will continue to be built on continuity and experience, whilst also drawing on new impetus.”

Adding to this, Reiss commented: “With the new composition of the Executive Board, we are providing key impetus for the reorganisation and modernisation of VBV. Our aim is to further expand our market leadership, consistently drive innovation and position VBV even more strongly for the future – in the interests of our customers.”

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