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  • Oct 18, 2018

Krzysztof Bachta appointed as a new vice-CEO of Alior Bank

The new vice-CEO of Alior Bank, Krzysztof Bachta, is an experienced manager with many years of expertise in the financial sector. In his career, Bachta was responsible for business supervision over the banking segment at the PZU Group, as well as M&A’s processes, including acquiring Bank Pekao shares. Until he was appointed as a board member of Alior Bank, he had been the Managing Director for Strategy and Development at the PZU Group.

As a co-creator of the "New PZU" strategy, he was responsible for its preparation and implementation. After that, he dealt i.a. with monitoring financial results and market positions of the Group’s banks. He was responsible for preparing to take over the control of Bank Pekao, including the implementation of corporate governance mechanisms and information exchange for management and accounting purposes, as well as risk management. He also supervised the preparation of a detailed plan for the implementation of synergies with cooperation with Bank Pekao, and then managed the project to implement synergies in the field of bancassurance, assurbanking (acquiring customers for the Bank by PZU) and the process of cost reduction.

“On behalf of the supervisory board, I would like to thank Ms Sulkowska for her huge contribution to building the market position of Alior Bank. We have decided to appoint Krzysztof Bachta as the vice-CEO of the Bank's Management Board due to his wide experience in the financial sector. This choice should be treated as strengthening the competences and responsibilities of the main shareholder for the future of Alior Bank. The supervisory board will make every effort to ensure that this change has a positive impact on the implementation of the long-term strategy and, in the future, an increase in shareholder value”, says Tomasz Kulik, chairman of the supervisory board at Alior Bank.

“Alior Bank is one of the most innovative banks in Poland. I had the opportunity to cooperate with Alior Bank and I have always met people who are very committed, creative, focused on achieving results and always looking for new solutions. Joining the Bank's team is a great honour for me”, says newly appointed vice-CEO Krzysztof Bachta. “Alior Bank has a very good strategy, ambitious goals and meets all most innovative trends in the sector. In the nearest future I want to get acquainted in detail with the challenges related to its implementation. From my experience, I know that the most difficult part is to make the strategy slogans come into life, meaning specific initiatives and business results. I believe that the assumptions of the "Digital Disruptor" strategy have been well summarized in these two words. My main focus will be to ensure that the decisions and actions taken at the bank gradually implement it”, adds Bachta.

Before joining PZU, Bachta used to work at The Boston Consulting Group, having counselled Polish top banks in creating, planning and implementing their strategies. He executed projects including implementation of growth initiatives in consumer banks, designing credit risk management and potential M&A’s analyses. His professional career began at Ernst&Young in 2003.

Bachta graduated from SGH Warsaw School of Economics and Law at the Univeristy of Warsaw. He holds a CEMS Master in International Management diploma obtained at Universita’ Luigi Bocconi in Milan. Bachta has also completed the Advanced Management Program at IESE Business School University of Navarra.

Krzysztof Bachta will supervise the work of the management board as the vice-president until obtaining the approval of the Polish Financial Supervision Authority to take up the position of the CEO of the bank’s management board.
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