Pál Simák will be replaced by Luigi Fuzio as chairman and CEO of CIB Bank once the necessary regulatory approvals have been obtained, the bank announced to MTI on Tuesday.
Pál Simák has been appointed to a new international role at the group’s Milan headquarters, where he will lead the so-called Next Gen Acquisition Machine – a next-generation customer acquisition platform – under the direct supervision of the head of Intesa Sanpaolo’s international banking division. His post at the helm of CIB Banks will be taken by Luigi Fuzio.
According to the announcement, Pál Simák’s new appointment is a clear recognition of his achievements. Over the past 12 years, CIB Bank has consistently exceeded its business plans, strengthened its market position, and achieved sustainable growth and stable cost efficiency. CIB Bank’s total assets reached nearly EUR 10 billion by the end of 2025.
Luigi Fuzio joins from his role as CEO of Intesa Sanpaolo Bank Slovenia, where he has spent the past three years. He joined the Intesa Sanpaolo Group in 2021, overseeing the operations of the group’s 11 international banks as Head of Retail and Wealth Management for the International Banking Division. Prior to that, he held numerous senior positions at major European banking and insurance groups.
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