The Austria Financial Market Authority (FMA) announced that Austria will nominate FMA Management Board member Helmut Ettl as Executive Director at the International Monetary Fund (IMF). The two-year term starts on 1 November 2026, and Ettl will step down from the FMA Management Board on 31 October 2026 with the Supervisory Board’s consent. Ettl will continue to perform his FMA duties unchanged until 31 October 2026, while the board transition is prepared. The Federal Ministry of Finance is to initiate the advertisement for the Management Board position in line with the Financial Market Authority Act. Ettl has served on the FMA Management Board since 2008, is a member of the European Central Bank’s Supervisory Board since the start of the European banking union in 2014, and has been on the European Banking Authority’s Board of Supervisors since 2011, becoming its deputy chair in 2023.
Austria Financial Market Authority 2026-03-17
Austria Financial Market Authority board member Helmut Ettl nominated as IMF Executive Director with departure from FMA set for 31 October 2026
The Austria Financial Market Authority (FMA) announced the nomination of FMA Management Board member Helmut Ettl as Executive Director at the International Monetary Fund (IMF) for a two-year term starting 1 November 2026. Ettl will step down from the FMA Management Board on 31 October 2026, with the Federal Ministry of Finance set to advertise the position. Ettl has been with the FMA since 2008 and holds roles with the European Central Bank and European Banking Authority.