Leadership changes at Intesa Sanpaolo’s International Banks Division

Luigi Fuzio has been named CEO and Chairman of the Management Board of Hungary’s CIB Bank, subject to regulatory approval.

Fuzio joins from Intesa Sanpaolo Bank Slovenia, where he served as CEO for three years, contributing to the bank’s growth and reinforcing its position in the Slovenian market. Within the Group, he also led Retail & Wealth Management activities for the International Banks Division, gaining direct exposure to key markets, including Hungary.

Over the past 12 years - that is, under the leadership of Pál Simák, the previous CEO - CIB Bank has strengthened its market position while maintaining sustained growth and stable cost efficiency. In 2025, net income amounted to €191 million, with customer deposits totaling €7.6 billion and loans amounting to €4.7 billion. Total assets reached around €10 billion at the end of 2025.

Mojca Kovač has been appointed Chief Executive Officer of Intesa Sanpaolo Bank Slovenia, making her the first woman to hold a CEO position within the International Banks Division.

The appointment reflects the Group’s commitment to internal talent development and gender diversity.

Mojca Kovač brings extensive international banking experience, having held senior leadership positions across several European markets and most recently serving as a Member of the Management Board of Intesa Sanpaolo Bank Slovenia.

Intesa Sanpaolo Bank Slovenia is the third-largest bank in the country. In 2025, net income amounted to €60 million, with customer deposits totaling €3.7 billion and loans amounting to €2.7 billion. Total assets reached around €4.3 billion at the end of 2025.

Pál Simák has been appointed to a new international role at Intesa Sanpaolo’s Head Office in Milan: he will lead the Next-Gen Acquisition Machine, a key initiative within the 2026–2029 Business Plan, with responsibilities spanning the 12 markets of the International Banks Division.

The initiative focuses on developing a new international platform and service model aimed at acquiring next-generation digital customers, while strengthening synergies across the Group and expanding into new business segments.

Simák has served as CEO of Hungary’s CIB Bank in the last 12 years, delivering consistent outperformance, strengthening the bank’s market position and achieving sustained growth and cost efficiency.

The new appointments highlight Intesa Sanpaolo’s focus on enhancing its international footprint, developing innovative operating models and leveraging internal leadership capabilities.

With a selective presence in Central and Eastern Europe and in the Middle East and Egypt (MENA), the International Banks Division of Intesa Sanpaolo serves 7.4 million customers through 883 branches across 12 countries.

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