Published by Global Banking & Finance Review®
Posted on October 15, 2025
2 min readLast updated: January 21, 2026
Add as preferred source on GoogleRaiffeisen Bank appoints Kamila Makhmudova as CFO, reinstating the role on its board. The bank plans to sell its Russian business.
(Reuters) -Austria's Raiffeisen Bank on Wednesday named company veteran Kamila Makhmudova as chief financial officer, effective January 1, and added the role to its management board after its removal six years ago.
Makhmudova began her career at Raiffeisen in 2007 in the bank's M&A division. In December 2021, she was appointed as CFO to Raiffeisen's management board in the Czech Republic.
Raiffeisen in September 2019 had removed the finance chief role from its management following the expiry of then-CFO Martin Grull's term.
The size of the management board will remain unchanged following the new appointments, with the retail arm to be handled by CEO Johann Strobl, the statement said.
Rainer Schnabl will become responsible for the division offering products and solutions for corporate and investment banking, succeeding Lukasz Januszewski, the company added.
The appointments come as the bank looks to sell its Russian business to a local buyer in the hope that the Russian government would lift a block on repatriating billions in profits.
(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Anil D'Silva, Shailesh Kuber and Vijay Kishore)
A Chief Financial Officer (CFO) is a senior executive responsible for managing the financial actions of a company, including financial planning, risk management, record-keeping, and financial reporting.
Corporate banking refers to the suite of financial services provided to corporations, including loans, credit, treasury services, and investment banking.
Investment banking is a segment of banking that helps individuals or organizations raise capital by underwriting or acting as an agent in issuing securities.
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