Rudolf Eder will take over management of the Upper Austria region on July 1st. The 47-year-old succeeds Johann Penzenstadler (63), who will be retiring. Bankhaus Spängler was founded in 1828 and has its headquarters in Salzburg.
Eder was previously deputy head of the private bank of Raiffeisenlandesbank Oberösterreich. He is already moving to Bankhaus Spängler on March 1, and Eder will be working together with his outgoing predecessor during a four-month transition phase.
Penzenstadler is a professional and an excellent banker with passion, says Werner Zenz, spokesman for the Board of Spängler Bank. Eder also convinced for the position.
Bankhaus Spängler has been active in Upper Austria since 1999/2000. It offers investments (private banking), financing and family management (advice on company transfers). A real estate division was also founded three years ago. Penzenstadler has been head of Upper Austria at Spängler since 2007. Since then, assets under management have increased tenfold from EUR 120 million to EUR 1.2 billion. According to Zenz, that is now twelve percent of the assets under management in the entire bank, and Upper Austria’s share of income is 14 percent.
seven generations
“I had a lot of fun, and that will continue until the end of June,” says Penzenstadler. Then he wanted to do nothing and spend more time with his wife. The two children are grown. Penzenstadler leaves open whether he will be active on the board of trustees or on investment advisory boards in the future.
The HAK graduate has been in the banking business since 1980. Before moving to Bankhaus Spängler, he worked at Sparkasse Oberösterreich. He made the decision to retire this year more than a year ago, and everything was well prepared internally, says Penzenstadler.
Bankhaus Spängler has been family-owned for seven generations and has 260 employees at nine locations, 18 of whom are in Linz.
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