The Chairman of the Board of First Bank, Nicolae Danila today announced the departure of Dominic Bruynseels, Executive President of First Bank with effect from the 8th August 2019.
“The last 12 months have been an intense period of change for First Bank - refocusing following the acquisition of Piraeus Bank Romania, rebranding to First Bank, rightsizing the organization, the acquisition of Leumi Romania as well as a host of internal changes and important projects which will deliver shortly. Now I want to devote my attention to some personal projects that are important to me so I am stepping down to allow me to do this.”
The American Investment Fund J.C. Flowers & Co. identified and decided upon the successor. Currently he is undergoing all the internal and external customary appointment related practices. His nomination will be announced shortly following the completion of mandatory formalities.
Mr. Danila commented
“I would like to thank Dominic for the energy and drive he has displayed over the last 12 months and for bringing JC Flowers to Romania. This is a rapidly developing brand and we will continue to build on the positive start we have had. We wish Dominic all the best for the future."
About FIRST BANK
Based in Bucharest, First Bank provides a broad range of products and services targeting both domestic and international customers, including retail, SME and corporate banking services.
First Bank operates through 59 branches, 1200 professionals and has approximately 130,000 active clients. For more information, please visit www.firstbank.ro.
About J.C. Flowers & Co.
J.C. Flowers is a leading private investment firm dedicated to investing globally in the financial services industry. Founded in 1998, the firm has invested more than $15 billion of capital in 52 portfolio companies in 17 countries across a range of industry subsectors including banking, insurance and reinsurance, securities firms, specialty finance, and services and asset management. With over $6 billion of assets under management, J.C. Flowers has offices in New York and London. For more information, visit www.jcfco.com.
For additional information please contact:
mobile: 0752 996 676
Bucharest, July 25th