Raiffeisen Bank International AG announced on May 20, 2015 that it appointed Andreas Gschwenter COO and chief information officer, effective July 1. Gschwenter has been the head of operations in charge of IT, operations and cost management at PJSC Raiffeisen Bank Aval in Ukraine since 2010. He will be tasked with improving the group's cost structure and further advancing the harmonization of IT systems. Gschwenter replaces Aris Bogdaneris, who left the bank in March and is now the head of retail challengers and growth markets at ING Bank NV.