Marinel Burduja at the helm of the future Romanian Bank for Credit and Investments
Central Bank approved the future management of Romanian Bank for Credit and Investments the current ATE Bank, with Marinel Burduja to lead from the position of CEO.
He will be assisted by Alina Pascu (ATE board member), Dorin Badea (former head of Treasury UniCredit), Gabriel Arsene (formerly Raiffeisen Bank) and Andrei Popovici (former McKinsey). Burduja coordinated the takeover of Romanian branch of ATE Bank after in April this year, Romanian businessman Dorinel Umbrarescu signed an agreement with Piraeus Bank to purchase the majority stake of the bank with EUR 10.3 million.
For seven years, Burduja was first vice-president of Raiffeisen Bank and left the Austrian Bank in May last year. In mid 2012, Greeks from Piraeus Bank announced they would pay EUR 95 million to purchase the healthy assets and liabilities of state lender Agricultural Bank (ATE Bank). In June this year, Greek lender Piraeus announced the completion of the acquisition of 100 percent of the share capital of its Greek subsidiary Millennium Bank.