Member of the Executive Board
Development Bank of Austria
Michael Wancata is member of the Executive Board of the Development Bank of Austria (OeEB). Previously, Mr. Wancata has served at Austria’s export credit agency Oesterreichische Kontrollbank (OeKB) in various positions, inter alia, at the Export Acceptance Credits Department and the Export Guarantees Underwriting Department. His last position at OeKB was Deputy Head of the Project and Environmental Risk Analyses Department. Since 2007, Mr. Wancata was intensely involved in the design and establishment of the Development Bank of Austria, which started operations in March 2008. OeEB is active in a number of developing and transition countries worldwide and has realized numerous projects with a particular focus on the renewable energy sector and the areas of microfinance and SME-financing.
Mr. Wancata is also involved in the promotion of the topic “private sector development in developing countries” in Austria, with a view to raise awareness of this topic within the Austrian development corporation.
Between 2011 and 2014 and now once again, Mr. Wancata is a member of the Board of Directors of the European Development Finance Institutions association (EDFI). He also acts as an Advisory Board member and Board of Directors member on behalf of OeEB as an investor in different private Equity Funds.