• Wolfgang Traindl (59) and Peter Karl (43) to join the Management Board of Erste Asset Management GmbH (EAM)
  • The new Management Board of Erste Asset Management will therefore consist of Heinz Bednar (CEO), Winfried Buchbauer, Wolfgang Traindl, and Peter Karl

On 1 March 2018, Wolfgang Traindl and Peter Karl will join the Management Board of Erste Asset Management GmbH (EAM). 

Erste Asset Management GmbH (www.erste-am.at) coordinates and is responsible for the management of investment funds and portfolio solutions within Erste Group Bank AG. At its locations in Austria, Germany, Croatia, Romania, Slovakia, the Czech Republic, and Hungary it manages assets of EUR 63.3bn (as of 31 December 2017).

In his new function Wolfgang Traindl will be responsible for Institutional Sales and internal Audit. Traindl was heading the division Private Banking and Institutional Clients of Erste Bank Oesterreich for more than 20 years and has been Chairman of the Supervisory Board of ERSTE-SPARINVEST since 2002. As Heinz Bednar says, “Wolfgang Traindl has vast experience in finance and sales, and he has provided advisory to our business and our clients for many years from his position within the bank.” Traindl will follow Christian Schön, who will tackle new challenges outside Erste Group.

Peter Karl will be responsible for Product Management and Retail Sales Austria, and he will also contribute his expertise in connection with alternative investments, which he has built as Director of ERSTE Immobilien KAG. Since the establishment of ERSTE Immobilien KAG in 2007 Peter Karl has been chairman of the Management Board and has developed the company into a leading real estate manager with assets under management of EUR 1.8bn. Karl holds a Master  of Laws from the University of Vienna and joined the banking sector and, more specifically, the area of real estate management and product management in 2001.

Peter Karl will remain chairman of the Management Board of ERSTE Immobilien KAG, 75.1% of which is held by Erste Asset Management. “We want to use Peter Karl’s expertise in non-traditional forms of investment for EAM and develop new business areas. At the same time, we want to use the excellent track record of our successful real estate subsidiary in Retail Sales,” as Bednar explains.

As of 1 March 2018, the new Management Board of ERSTE-SPARINVEST, the biggest subsidiary of EAM, will consist of Heinz Bednar (CEO), Günther Mandl, Wolfgang Traindl, and Peter Karl.


This document is an advertisement. Please refer to the prospectus of the UCITS or to the Information for Investors pursuant to Art 21 AIFMG of the alternative investment fund and the Key Information Document before making any final investment decisions. Unless indicated otherwise, source: Erste Asset Management GmbH. Our languages of communication are German and English.

The prospectus for UCITS (including any amendments) is published in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to Art  21 AIFMG is prepared for the alternative investment funds (AIF) administered by Erste Asset Management GmbH pursuant to the provisions of the AIFMG in connection with the InvFG 2011. The fund prospectus, Information for Investors pursuant to Art  21 AIFMG, and the Key Information Document can be viewed in their latest versions at the website www.erste-am.com within the section mandatory publications  or obtained in their latest versions free of charge from the domicile of the management company and the domicile of the custodian bank. The exact date of the most recent publication of the fund prospectus, the languages in which the Key Information Document is available, and any additional locations where the documents can be obtained can be viewed on the website www.erste-am.com. A summary of investor rights is available in German and English on the website www.erste-am.com/investor-rights as well as at the domicile of the management company.

The management company can decide to revoke the arrangements it has made for the distribution of unit certificates abroad, taking into account the regulatory requirements.

Detailed information on the risks potentially associated with the investment can be found in the fund prospectus or Information for investors pursuant to Art 21 AIFMG of the respective fund. If the fund currency is a currency other than the investor's home currency, changes in the corresponding exchange rate may have a positive or negative impact on the value of his investment and the amount of the costs incurred in the fund - converted into his home currency.

Our analyses and conclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation, and risk appetite. Past performance is not a reliable indicator of the future performance of a fund.