Krzysztof Bachta is set to become president of the management board at Alior Bank SA, after Katarzyna Sułkowska's resignation, the lender said Oct. 17.

Bachta will oversee the work of the management board as vice president until the appointment as president is approved by the Polish Financial Supervision Authority.

Bachta joins Alior from PZU SA, the lender's main shareholder. PZU CEO Paweł Surówka told the PAP news agency that Bachta "has perfect understanding" of potential sale and cost synergies stemming from cooperation between the lender and PZU.