Shake-up in the KNF management

Poland's financial market watchdog KNF let go deputy CEOs Wojciech Kwaśniak and Lesław Gajek and appointed Filip Świtała and Marcin Pachucki in their place. No reason were given for the dismissal. Kwaśniak held the position since 2011, while Gajek took his post three years earlier. Świtała will be responsible for supervising the banking department, while Pachucki will oversee the insurance and capital departments.