The management reshuffle at Pekao and BPH begins

According to Puls Biznesu information, the current president of Bank BPH will keep his job in the new 'smaller' BPH under the condition that the new investor agrees. His main competitor for the post will be Mariusz Grendowicz, the current deputy president in charge of corporate and mortgage banking, who is sure not to be employed in Pekao. Pekao might take over Wojciech Sobieraj and Katarzyna Niezgoda from BPH to its new entity. "Unicredit will sell 300 outlets of BPH to a third party in an international, transparent tender," stressed Francesco Palermo-Patera from Unicredit's press office. Media speculation has it that these outlets might be acquired by HSBC, which is planning to increase its presence in Poland. (Puls Biznesu, pp. 1, 6) M.M.