CEE architects of transition: Andreas Treichl

May 14, 2019

Andreas Treichl started his banking career in 1977 at Chase Manhattan. From 1986 to 1993, he headed the US bank’s Austrian operation, before moving to Credit Lyonnais in 1993. He became chairman of the board of Erste Bank in 1997 and chief executive of Erste Group in 2008.

Andreas Treichl_780 — Andreas Treichl, Chief Executive of Erste Bank HQ. Vienna, June 7th 2018. Copyright Jakob Polacsek



THE ARCHITECTS
Architects of transition Viktor Gerashchenko Leszek Balcerowicz Herbert Stepic Petr Aven András Simor Grigory Marchenko Ivan Miklos Karine Hirn Ilhami Koç

It is more than 10 years since the collapse of Lehman Brothers, but Andreas Treichl still hasn’t forgiven himself for what he sees as the biggest mistake he made in the run-up to the financial crisis.

“I had always been vehemently opposed to currency-mismatched lending to individuals,” says the veteran chief executive of Erste Group. “Everyone in Austria thought it was normal, the bankers all had FX mortgages themselves, but I hated it.

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