Slovenia: SID Bank to change management at the beginning of next year

Slovenia: SID Bank to change management at the beginning of next year

SID Bank, Slovenia’s development and export bank, will get new management in January 2022 as the term of the management led by Sibil Svilan expires at the end of 2021. The fully state-owned bank will be led by Damijan Dolinar, with Gašpar Ogris Martič and Stanka Šarc Majdič serving as board members, STA Agency said in the report.

However, since Dolinar will take over on 1 February, Ogris Matič will lead the bank in January, to move to the post of a board member in February.

Šarc Majdič’s term starts on 1 January. All three executives need to get clearance from the Slovenian central bank, SID Bank said in a written statement on Thursday.

The new management board was appointed for a five-year term by the supervisory board at the end of July.

Several candidates had applied for the jobs, including both members of the current management – Svilan, who has led SID for three five-year terms, and Goran Katušin.

“With their diverse and rich experience, reputation and know-how, the new members of the board are a guarantee of the bank’s further development and successful implementation of its key tasks,” chief supervisor Marjan Divjak was quoted as saying.

Dolinar is an expert on risk management, and household and corporate banking, who has worked in banking for 19 years, including ten years as a member of the management board at UniCredit Bank and Sberbank in Slovenia.

He holds a master’s degree in business management and organisation from the Ljubljana School of Economics and Business, and is also a chartered financial analyst (CFA).

Ogris-Martič, an ethnic Slovenian from Austria’s Carinthia, has 25 years of experience in banking with expertise in corporate banking. He served as CEO of Sberbank in Slovenia for several terms, before which he led Volksbank.

Šarc Majdič has worked in the financial sector for 15 years, of which 12 in banking, most recently as executive director for risk management at Gorenjska Banka. She holds a master degree from the Ljubljana School of Economics and Business.