Subject: Appointment of members of PKO Bank Hipoteczny S.A. Supervisory Board
Legal basis: Art. 56 par. 1 pt. 2 of the Act on Public Offering – current and periodic information
Content:
According to the paragraph 5.5 of the Regulation of the Minister of Finance dated 29 March 2018 on current and periodic information published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state, the Management Board of PKO Bank Hipoteczny S.A. (“Bank”) hereby informs that on April 28, 2022, the Bank’s Ordinary General Meeting appointed Mr. Maciej Brzozowski, Ms. Elżbieta Bugaj and Mr. Jakub Niesłuchowski as the Members of the Bank’s Supervisory Board.
Maciej Brzozowski
Maciej Brzozowski has been working in the banking sector since the beginning of his professional career. Currently he is Vice President of the Management Board of PKO Bank Polski S.A. in charge of the Analyzes, Business and Enterprise Banking and Affluent Client Area. Until 24 March 2022 he has been a member of the Management Board of Alior Bank responsible for managing market, liquidity and operational risk, supervising, among others, the Alior Bank's credit policy for retail and business clients as well as the area of debt collection and restructuring. He chaired and was a member of the relevant committees in this regard. He also took part in many business and optimization projects implemented in the area of the entire Alior Bank.
He started his career in 1996 at PKO Bank Polski S.A., then he was associated with Kredyt Bank. In the years 2017 -2020, he has dealt with the issues of risk and stability of the financial system at the National Bank of Poland as deputy director of the Financial Stability Department. His responsibilities also included cooperation with the European Systemic Risk Board in the area of systemic risk. At the NBP he was also involved in the topics concerning macroprudential instruments and was also responsible for analyzing new solutions in the CRD IV/CRR package regarding regulations of banks' operations, imposing capital buffers and prudential requirements for credit institutions.
Since 2008 to 2012 he held managerial functions in the Risk Assessment Department and the Inspection Department in the Polish Financial Supervision Authority Office, where he was responsible, among others, for the area of banking regulations and validation of advanced credit risk models for calculating banks' capital requirements. Since 1999 he was involved in sales and risk area at Kredyt Bank, where he worked inter alia in the Credit Risk Department and Risk Management Department. He also coordinated the optimization of business processes in the organization. He participated in works related to building models determining the risk of default for corporate entities and calculating capital requirements. A graduate of the Faculty of Management at the University of Warsaw. He holds the title of Master of Business Administration Management Training Center at this university. He lectured on the basics of financial risk at the Social College of Entrepreneurship and Management in Łódź.
Mr. Maciej Brzozowski declared that:
- he doesn’t conduct any business competitive to the business of the Bank;
- he doesn’t participate in any business competitive in respect of the Bank as a partner in a civil-law partnerships, a partnership or a capital company;
- he is not member of any other governing body of legal person competing with the Bank;
- he is not registered in the National Debt Register.
Elżbieta Bugaj
Graduated from The Cracow University of Economics, The Faculty of International Economic and Political Relations, major Foreign Trade.
Has completed the Executive MBA Studies - diploma awarded by Gdańsk Foundation for Management Development in cooperation with The University of Gdansk and validated by IAE Aix-Marseille Graduate School of Management.
A manager with 20 years of experience in the industrial sector - mainly in the area of trade - recently also enriched by two-years spent in the energy sector.
Since 2020 Board Member of Energa Obrót SA responsible for the area of wholesale energy trade additionally overseeing operations of the Risk Management Office, Regulatory Management and Compliance Office and the Marketing Department. Previously also responsible for The Sales Division. Member of The Society of Energy Trading (TOE).
Currently also a member of Orlen Oil Sp. z.o.o Supervisory Board.
In the years 2003-2010 managed the sales and marketing departments at EKOFOL. For the next 10 years, until 2020, worked as a commercial director - managing purchase, domestic and foreign sales, as well as the marketing sectors at ERG Bieluń Folie.
Ms Elżbieta Bugaj declared that:
- she doesn’t conduct any business competitive to the business of the Bank;
- she doesn’t participate in any business competitive in respect of the Bank as a partner in a civil-law partnerships, a partnership or a capital company;
- she is not member of any other governing body of legal person competing with the Bank;
- she is not registered in the National Debt Register.
Jakub Niesłuchowski
He is within PKO Group since April 2015, where he as Deputy CEO and CFO in PKO Bank Hipoteczny was responsible for i.a. covered bond issuance. At that time PKO Bank Hipoteczny S.A. became the biggest covered bond issuer at the local market and carried out the biggest covered bond issuances out of Poland at the foreign market. Since March 2019 he is Managing Director of Finance Division in PKO Bank Polski where he is responsible for strategic asset and liability management, controlling and financial supervision over PKO Group entities.
Previously Jakub Niesłuchowski worked at PwC, where he advised financial institutions in Poland and abroad i.a. in the area of risk management, capital adequacy, performance measurement and establishment mortgage banks including PKO Bank Hipoteczny.
Currently he is also Supervisory Board Member of Bank Pocztowy S.A.
Jakub Niesłuchowski is a graduate of the Warsaw School of Economics. He is also a certified Financial Risk Manager (FRM) and a Chartered Financial Analyst (CFA). He is also graduate of Advanced Management Program (AMP) in IESE Business School, University of Navarra.
Mr Jakub Niesłuchowski declared that:
- he conducts business competitive to the business of the Bank, as he is Supervisory Board Member of Bank Pocztowy S.A.
- he is not registered in the National Debt Register.
Date: 29-04-2022, 11:01
SIGNATURES OF COMPANY REPRESENTATIVES
29.04.2022 Katarzyna Surdy, Vice President of the Management Board
29.04.2022 Ewa Rucińska, Prokurent