OeHT Names New CEO Team; VCI Wins Retention Fee Refunds for Fund Customers
The Österreichische Hotel- and Tourismusbank (OeHT) has announced a new CEO team, Andrea Sassen-Abfalter and Matthias Matzer, starting October 1, 2025. Meanwhile, the Association of Austrian Capital Management Companies (VCI) has secured a refund of illegal commissions, known as 'retention fees', for fund customers of RLB Lower Austria-Vienna. Customers can register for this collective action until the end of the year.
The new OeHT CEO team will see Andrea Sassen-Abfalter overseeing the market follow-up area, while Matthias Matzer will handle market agendas. This change comes as part of the bank's ongoing efforts to strengthen its leadership and improve services.
In a separate development, the VCI has successfully negotiated with RLB Lower Austria-Vienna to refund fees to customers who were brokered fund products until December 31, 2017. These fees, often referred to as 'retention fees', were found to be illegal. Customers eligible for the refund are encouraged to register for the collective action before the end of the year.
The new OeHT CEO team will take over on October 1, 2025, bringing fresh leadership to the bank. Meanwhile, the VCI's agreement with RLB Lower Austria-Vienna ensures that customers affected by illegal retention fees will receive refunds, provided they register for the collective action by the end of the year.
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