Organisation

Executive Board

The Financial Market Authority (FMA)’s Executive Board, comprising of Executive Directors Mariana Kühnel and Oliver Schütz, is responsible for managing the authority’s operations and conducting its business as set out in law and in accordance with the FMA’s Rules of Procedure.

Portrait of FMA Executive Director Mariana KühnelMariana Kühnel has served as a Member of the Executive Board of the Austrian Financial Market Authority (FMA) since July 2025. In this capacity, she is also a member of the Board of Supervisors (BoS) of the European Banking Authority (EBA), a member of the Board of Supervisors (BoS) of the European Insurance and Occupational Pensions Authority (EIOPA) and a member of the Financial Market Stability Board (FMSG). She has many years of experience in banking, financial market regulation, national and European advocacy, and strategic crisis management. From 2025 to 2026, she also served as a member of the Board of Supervisors (BoS) of the European Securities and Markets Authority (ESMA).

Prior to joining the FMA, she served as Deputy Secretary General of the Austrian Federal Economic Chamber (WKÖ) from 2018, where she was responsible for foreign trade, European policy, education, innovation, digitalization, and strategic crisis management. Before that, she held several senior positions at Erste Group Bank AG, including Head of Group Board Support & Stakeholder Management and Chief of Staff to the CEO. From 2022 to 2025, she also served as a member of the Supervisory Board of Erste Group Bank AG.

Mariana Kühnel began her career in the European Parliament as Head of Office to MEP Othmar Karas, focusing on economic and financial policy.

She holds a degree in Business Administration from the Vienna University of Economics and Business and a Master’s degree in European and International Relations from the College of Europe in Bruges. Additionally, she has completed postgraduate programs in governance and leadership.

Portrait of FMA Executive Director Oliver SchützOliver Schütz has been a member of the FMA Executive Board since 1 November 2026. He has many years of experience in banking supervision, bank resolution and compliance. From 2015, he headed the FMA’s Bank Resolution Department, which was renamed “Resolution, Enforcement and Law” in 2025. He began his career at the FMA in 2002 as an expert in legal and procedural matters as well as models and supervisory standards. He subsequently headed the divisions responsible for regulatory banking supervision and the supervision of systemically important credit institutions.

Between 2010 and 2015, Oliver Schütz held senior management positions at Erste Group Bank AG and UniCredit Bank Austria AG, most recently serving as Chief Compliance Officer for Austria and the CESEE region.

At European level, he is a member of the Supervisory Board of the ECB Banking Supervision within the Single Supervisory Mechanism (SSM), a member of the Board of Supervisors (BoS) of the European Securities and Markets Authority (ESMA) and a member of the Plenary Session of the Single Resolution Board (SRB).

Oliver Schütz studied law and psychology at the University of Innsbruck and holds a doctorate in law, specialising in banking supervision law.

SSM Calendars (Helmut Ettl)

Organisation Chart

The FMA is divided into six departments:

  • Banking Supervision
  • Insurance, Pension and Corporate Provision Companies Supervision
  • Securities Supervision
  • Integrated Supervision and Innovation
  • Services
  • Resolution and Enforcement and Law

The staff division “Internal Audit” reports directly to the Executive Board.

FMA organisational chart (11/2026) (Format: pdf, Size: 88,6 KB, Language: English)

Rules of Procedure

The FMA’s Rules of Procedure govern the organisational structure and the distribution of responsibilities among the FMA’s organisational units as well as deputisation rules.

The FMA’s Rules of Procedure are available in German only.

Geschäftsordnung der FMA (Format: pdf, Size: 333,5 KB, Language: German)

Code of Conduct

The Code of Conduct highlights the principles to which employees of the FMA adhere and serves equally as guidance and as a pledge towards the general public.

Code of Conduct der FMA (Format: pdf, Size: 177,7 KB, Language: German)

Supervisory Board

The Supervisory Board consists of eight members, who like the Executive Directors are appointed by the Minister of Finance and the Oesterreichische Nationalbank. The Austrian Economic Chambers (WKO) nominates two additional co-opted members. The Supervisory Board oversees the management of the FMA; for certain undertakings the approval of the Supervisory Board is required.

Position Name Nominated by
Chairperson Nadine WIEDERMANN-ONDREJ Federal Ministry of Finance
Vice-Chairperson Martin KOCHER Oesterreichische Nationalbank
Member Elisabeth GRUBER Federal Ministry of Finance
Member Stefan PICHLER Federal Ministry of Finance
Member Christoph PRENNER Federal Ministry of Finance
Member Helga BERGER Oesterreichische Nationalbank
Member Josef MEICHENITSCH Oesterreichische Nationalbank
Member Elisabeth SPRINGLER Oesterreichische Nationalbank
Co-opted member Eva LANDRICHTINGER Austrian Economic Chambers
Co-opted member Louis NORMAN-AUDENHOVE Austrian Economic Chambers