Executive Board
The Financial Market Authority (FMA)’s Executive Board, Mr. Helmut Ettl and Mr. Eduard Müller, manages the service operation and lead business in accordance with the Authority’s legal basis and the Rules of Procedure.
Helmut Ettl was born on 23 August 1965, and studied Economics at the Johannes Kepler University in Linz. After completing his alternative service, he worked in various managerial positions for the City of Linz child-welfare services. In 1995, he moved to Vienna and joined the Foreign Research Division of the Oesterreichische Nationalbank (OeNB), his thematic focus being on economic and monetary union. In 2001, he was appointed deputy head of the Banking Analysis and Inspections Division and became its head in 2003. In 2008, Helmut Ettl was appointed as FMA Executive Director. Since 2011 he has been a member of the Board of Supervisors of the European Banking Authority (EBA) and European Systemic Risk Board (ESRB). Between 2008 and 2010 Helmut Ettl was a member of the Committee of European Banking Supervisors (CEBS). His current term as FMA Executive Director runs until 13 February 2028. Since January 2014 Helmut Ettl has been a voting member of the Supervisory Board of the Single Supervisory Mechanism of the European Central Bank (ECB). Between 2021 and 2023, he was a Member of the Management Board of the European Banking Authority (EBA) and was elected the Alternate Chair of the European Banking Authority (EBA) in July 2023.
Eduard Müller has been Executive Director at the Austrian Financial Market Authority (FMA) since February 2020. In this function he is also Member of the Management Board (since 2022) and Member of the Board of Supervisors (since 2020) of the European Securities and Markets Authority (ESMA) and Member of the Single Resolution Board (SRB) since 2020.
Before joining the FMA, he held various positions in the Ministry of Finance (i.a. Minister of Finance in the Expert Government 2019, Director General 2015 – 2019) and worked as CEO in the private sector. He holds a Master´s degree in economics and a PhD in business law.
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
- Banking Resolution and Enforcement and Law
The staff division “Internal Audit” reports directly to the Executive Board.
FMA Organigramm Stand 04/25 (Format: pdf, Size: 28,4 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 of the FMA are available in in 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) proposed 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.
Chairman: Harald WAIGLEIN, Federal Ministry of Finance
Vice-Chairman: Robert HOLZMANN, Oesterreichische Nationalbank
Members:
- Thomas STEINER, Oesterreichische Nationalbank
- Gabriela DE RAAIJ, Oesterreichische Nationalbank
- Elisabeth GRUBER, Federal Ministry of Finance
- Karin TURNER-HRDLICKA, Oesterreichische Nationalbank
- Nadine WIEDERMANN-ONDREJ, Federal Ministry of Finance
- Manuel ZAHRER, Federal Ministry of Finance
Co-opted members:
- Louis NORMAN-AUDENHOVE, Austrian Association of Insurance Companies
- Franz RUDORFER, Federal Division for Banks and Insurance, Austrian Economic Chambers