SINGAPORE, July 12th, 2021

Austrianova (the SG Austria group, Austrianova Singapore and Austrianova Thailand) is delighted to announce the appointment of Pierre Faddoul to the Austrianova management team as the company’s new Chief Financial Officer (CFO). Austrianova’s previous CFO, Louise Bussieres, will continue to be engaged in an advisory capacity.

Pierre, who is based in Singapore, received an MBA from ESSEC Business School (France) and a Masters in Economics from Universite Paris-II Assas (France). He formerly held positions with PWC as well as leading the investment research teams for TokioMarine Asset Management and Deutsche Bank Asset & Wealth Management. He was also a former investment analyst with Aberdeen Asset Management and BNP ParibasFortis.

“We are very pleased that Pierre Faddoul has joined Austrianova as our CFO. Pierre’s advice and support, working together with our previous CFO, Louise, has been invaluable over the last couple of years. The Company is continuing to ramp up its commercialization and growth phase, and having Pierre on board will support our activities significantly” stated Walter H. Gunzburg, Chairman of Austrianova. 

Incoming CFO Pierre Faddoul said “I am honored to be taking on this position with Austrianova at this exciting stage of growth for the company. The multi-faceted opportunities that the company is currently facing further reinforces the wide appeal of its technology”. 

“After more than 10 years of working as part of the Austrianova management team, I am happy to pass the baton on to Pierre but I shall continue to support Austrianova in everyway possible in an advisory capacity” stated outgoing CFO, Louise Bussieres.