The Austrian National Bank has nominated Oliver Schütz as a member of the Austrian Financial Market Authority’s executive board, replacing the board seat that falls to the central bank to nominate after Helmut Ettl was nominated for the role of executive director at the International Monetary Fund. The nomination is the outcome of the statutory public recruitment and selection process and now moves to the federal appointment stage. The process drew 16 applications, from which the three most suitable candidates were invited to hearings before the Austrian National Bank’s directorate. Candidates were assessed on professional and personal suitability, with Deloitte supporting the process as an external recruitment adviser. The central bank said Schütz brings extensive expertise in financial market supervision and regulation as well as longstanding leadership experience. Under the Financial Market Authority Act, a replacement nomination is made by the institution that originally nominated the departing board member, making the Austrian National Bank responsible for this vacancy. The final appointment is made by the Federal President on a proposal from the federal government. The new board member’s five-year term is due to begin on 1 November 2026.
Austrian National Bank (OeNB)2026-06-16
Austrian National Bank nominates Oliver Schütz for Austrian Financial Market Authority board seat vacated by Helmut Ettl’s IMF move
The Austrian National Bank has nominated Oliver Schütz to the Austrian Financial Market Authority’s executive board, filling the seat linked to Helmut Ettl’s move to the International Monetary Fund. The nomination followed a public selection process with 16 applicants and hearings for three shortlisted candidates. Final appointment will be made by the Federal President on the federal government’s proposal, with the five-year term starting on 1 November 2026.