Greek shareholders preparing to put Peter Weiss in charge of Bancpost

Peter Weiss, 52, a former chairman of RBS Romania in
2005-2009, is likely to be appointed as the CEO of Bancpost soon, a
bank controlled by EFG Eurobank Greek group, according to banking
sources.
In late September, Bancpost was the ninth largest lending
institution in terms of assets.
The Greeks are again getting ready to separate executive management
from the position of chairman of the board, reverting to the
dualist system they had given up in late 2008.
Peter Weiss has kept quite a low profile in banking areas, with few
public appearances, even though for four years he had run one of
the most powerful banks in corporate banking and at the same time
one of the most profitable lending institutions domestically.
As a matter of fact, he is well known on the market owing to the
very competencies he has in the area of corporate banking. The
outlook of strengthened corporate operations for Bancpost,
including attracting new clients, is likely to weigh heavily in the
Greeks’ decision to hand the executive position to him, considering
the corporate segment proves to be stronger amid the crisis.
On the other hand, Bancpost has also had traditionally a strong
profile as a retail bank, but has in recent years lost market share
amid the frequent strategy changes.