Dr. Paul Simak


Dr. Paul Simak
CEO and Chairman of the Management Board
CIB Bank Zrt.

Dr. Paul Simak, has been serving as CEO and Chairman of the Management Board of CIB Bank Zrt, the Hungarian member of Intesa Sanpaolo Group from 1st April, 2014.

Prior to this, from March, 2012 until April, 2014 he was the CEO and Chairman of the Board of MKB Bank Zrt. Previously, between 2008 and 2012, Dr. Paul Simak was CFO and member of the Board of MKB Bank Zrt. Beside strategy, accounting, controlling and finance, he was responsible for the capital management, the human resource and the group management departments. He was the Chairman of the Asset-Liability Committe and the Banking Development Committee of the Bank.

Prior to his leading positions in the banking sector, between 2000 and 2008, Dr. Paul Simak worked as a partner for McKinsey & Company in Budapest and the CEE region focusing on many banking projects with scope of among others, incentives, lean operations, post merger management, cost optimization, strategic growth opportunities, EE banking outlook. He was member of the Central-Eastern Europe financial institutions leadership group.

Dr. Paul Simak started his career with Royal Bank of Canada, where he worked as a consultant in the Risk policy department of the Bank.

He holds an M.Sc. and PhD from University of Toronto (Canada).