RBI places sixth in European Ranking of 'Top Companies for Leaders 2011'
RAIFFEISEN BANK S.A. - 8 November 2011
Raiffeisen Bank International AG (RBI) has been awarded the title „Top Company for Leaders 2011“ as the first Austrian company ever and occupies sixth place in the award's European rankings. On 4 November 2011, Aon Hewitt and the RBL Group, two of the world's leading HR consultancies, published the results of the “Top Companies for Leaders” study, which was conducted in cooperation with the US magazine Fortune.
An expert panel of independent judges selected and ranked the winners out of more than 470 companies participating in the study, which provides the world's most comprehensive research on leadership. RBI is one of the few banks to have made it onto the study's ranking, in which 61 European companies took part.
The ranking is based on criteria including the strength of leadership practices and culture, examples of leader development at the global level, the impact of leadership in the communities in which they operate, as well as business performance and company reputation.
'I am proud that the RBI Group is the first Austrian company to be selected for this international ranking. We have consequently developed our people and leadership development concepts into an integrated talent management system over the past few years. Our large pool of outstanding banking experts and leaders will allow us to post comparatively good results even in a challenging environment,' said Herbert Stepic, who in his role as the CEO of RBI plays a central role in determining the bank's leadership development strategy and drives it together with RBI's senior managers and HR experts.
Compared to many other global companies, RBI pursues a relatively decentralized approach when it comes to human resources development. Within a group-wide framework that defines standards and tools for performance management, talent management, succession planning and leadership development, RBI’s network banks have developed their specific local processes to attract, develop and retain talented people.
The 'Top Company for Leaders 2011' study shows that top companies consistently measure the efficiency of their development programmes. 'Excellent education and advanced training has a longstanding tradition in the Raiffeisen Banking Group Austria. That RBI now belongs to the role model companies in the area of Talent Management in Europe makes us very happy,' said Walter Rothensteiner, CEO of Raiffeisen Zentralbank AG (RZB) and chairman of RBI’s supervisory board.
About the study
With more than 1,200 data points and 900 executive interviews, the Aon Hewitt 2011 Global Top Companies for Leaders Study is the most comprehensive global research on leadership available on the market. Addressing the link between leadership practices and financial results, the study explores how organisations assess, select, develop, and reward leaders, and examines the execution of leadership practices, as well as the strategy that guides it.
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Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets.
RBI is the only Austrian bank with a presence in both the world's financial centres and in Asia, the group's further geographical area of focus.
In total, around 60,000 employees service about 13.5 million customers through around 3,000 business outlets, the great majority of which are located in CEE.
RBI is a fully-consolidated subsidiary of Raiffeisen Zentralbank Österreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI's shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country's largest banking group, and serves as the head office of the entire RZB Group, including RBI.
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