Poland’s top insurer PZU got the go-ahead from the country’s anti-monopoly regulator to take over Alior Bank, the first step in PZU’s attempt to create a major financial institution. The state-owned insurer is also believed to be interested in BPH and Raiffeisen Polbank.
“My dream is to take over two more lenders in an effort to set up a new player on the Polish financial market,” said Klesyk. “My role isn’t to reposition Polish banks,” Klesyk said. “I’m not a politician, I’m a manager, who’s been hired to provide profits to shareholders.” Klesyk said. Klesyk replaced Ryszard Trepczyński from his position of deputy CEO responsible for investments in a shake up thought to be connected with dismissal of the country’s finance minister. Trepczyński joined PZU four years ago from Pioneer Pekao Investment, where he was deputy CEO.
