After just a few months, former Finance Minister and ÖVP Vienna boss Gernot Blümel ended his position as Chief Executive Officer (CEO) of the hedge fund Superfund.
Blümel only started the job in March this year and it will be finished “at its own request” by the end of the year. The Supervisory Board of Superfund Holding has terminated the contract by mutual agreement. However, as of January 2023, Blümel is working as a consultant for the Fintec group of companies, according to Superfund Asset Management.
“Thanks for your confidence”
“In his future role, Gernot Blümel will commute between the company’s locations in Vienna, Tokyo, Hong Kong, New York, Vaduz and Zurich,” said a Superfund broadcast in January 2022. “I would like to thank all employees and customers around the world for the good cooperation and in particular Superfund founder Christian Baha for his trust in me,” Blümel said in the Superfund message on Wednesday afternoon.
Blümel continues to be a valuable partner to the company’s founder, Christian Baha. I’m glad he’s staying on board as an advisor (…),” said Baha.
Köstinger also works for fintec companies
Superfund was founded in 1995 and has grown into a fintec group of companies. Another former ÖVP minister only found a job at Blaha this fall. Ex-Minister of Agriculture Elisabeth Köstinger — like Blümel, she was considered a close confidante of former Chancellor and ex-ÖVP boss Sebastian Kurz — only took the job as CEO at Mountain-View Data on Sept. 1. This is a FinTech company based in their home in Carinthia and also belongs to Superfund founder Baha.
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.