The Vienna Stock Exchange has appointed Andrea Herrmann as Chief Financial Officer. The former CFO at Western Union International Bank GmbH will join the executive team as of 1 May 2021, following the retirement of Ludwig Nießen.
Prior to leading the financial department of Western Union in Austria, Andrea Herrmann’s professional career led her to work at leading Austrian firms, including GE Money Bank, Telekom Austria and ABB Austria. By May 2021, Herrmann will have led Western Union as the Chief Financial Officer for nearly 12 years.
Heimo Scheuch, Chairman of the Supervisory Board of the Wiener Börse, said: “The Vienna Stock Exchange is celebrating history. In 1771, 250 years ago, it was founded by Maria Theresa. I am all the more pleased that in this anniversary year we have been able to appoint a woman to the Management Board. Andrea Herrmann is a highly skilled financial expert with international management experience. In various top positions in multinational companies, she has acquired excellent experience in financial management and comprehensive expertise in a very broad spectrum of the financial sector. With her financial knowledge and background, Andrea Herrmann ideally complements the management team. This new strong set-up paves the way for continuing the successful positioning of the Vienna Stock Exchange as a Central European infrastructure platform.”
The Vienna Stock Exchange operates exchanges in Vienna, Budapest, Zagreb, and Ljubljana, thus making the Austro-Hungarian empire alive and well when it comes to stock exchanges. In September 2020, the venue listed 21Shares, a new issuer of products on cryptocurrencies, in order to list digital assets for the first time, starting with Bitcoin and Ethereum. The service includes real-time quotation and securities settlement. “Cryptocurrencies offer experienced investors a new opportunity to diversify their portfolio. With the listing, we widen the selection of asset classes on the Vienna Stock Exchange. Investors can profit from the stock exchange advantages in crypto trading: Monitored, regulated and transparent trading with real-time information and secure settlement via their regular brokers account”, said Thomas Rainer, Head of Business Development at Vienna Stock Exchange.