BIO

Mr. Rafał Litwińczuk in his professional career has an gained experience in the fields of asset and liability management, foreign exchange risk, operational risk, interest rate risk and product sales in a number of financial institutions. From July 2018 to November 2021, he served on the Management Board of Pekao Bank Hipoteczny, where he oversaw the finance area. During that time, he implemented a project of transferring mortgage receivables within the capital group.

From 2016 to 2018, Mr. Rafal Litwinczuk joined Credit Agricole Polska S.A. Bank, where he was involved in the bank's arbitrage and interest rate and relationship with financial clients as well as the MIFID II implementation project. From 2012 to 2016 he held a senior position at Pekao Bank Hipoteczny, where, as the Director of the Asset Management, Liabilities and Mortgage Note Issuance Department, he was in charge of raising long-term funding, responsible for liaising with and servicing investors, as well as for all treasury operations, hedge accounting, currency risk, asset and liability management, relations with rating agencies and banking supervision. He was also responsible for handling the mortgage bond programme, amendments to the prospectus, liaison with the KDPW and compliance with disclosure requirements.

From 1997 to 2012 he served as Head of the Treasury Department in Westdeutsche Landesbank Polska investment bank, where he oversaw sales of financial instruments, arbitrage, interest rate management, foreign exchange risk, EMEA liquidity and was responsible for client relations and service. He also supervised the programme of issuance of certificates of deposit and sales to the bank's customers. From 1995 to 1997 he was managing liquidity and interest rates at ING Bank Śląski. From 1993 to 1995 he worked at Bank BGŻ, where he carried out interbank market transactions, was responsible for the bank's liquidity, interest rate management and depositary transactions with the customers of the bank.

Rafał Litwińczuk meets all the requirements set out in the provisions of Article 22aa of the Act of 29 August 1997 – the Banking Law (consolidated text: Dz.U. [Polish Journal of Laws] of 2019, item 2357 as amended).