Gutmann Bank, the Austrian financial institution specializing in private banking has just received the license from the Romanian Securities Commission, at the end of 2009, said Ilinca Von Derenthall.
She added that the bank will inaugurate its offices in the beginning of March at the latest. "We are currently setting up our Bucharest offices, but potential customers can already use our services by talking to our Vienna colleagues or by individual meetings", Mrs. Von Derenthall added. She said that for now, the portfolios of the bank"s customers will be managed in Austria and that the bank has no plan to expand to other cities. The bank provides consulting and wealth management for foundations, institutional investors and high income individuals.