This was followed by responsibility for building up the international insurance business in Sparkassen Versicherungs-AG, with new start-ups or the re-organization of life insurance companies in the Czech Republic, Slovakia, Hungary, Croatia and Romania. The biggest challenge was the purchase and integration of Ceska sporitel’ňa (Czech savings bank) into Erste Group. Among others, Klaus Bergsmann was board secretary, head of the savings banks department, responsible for the acquisition of various Austrian savings banks (including Knittelfeld, Hainburg, Salzburg, Mühlviertel-West, …) for both Girozentrale and Erste Bank. Since 19982 he has held various positions in the financial sector (Girozentrale, Erste Bank and Erste Group). Further education followed in the field of cultural management, project management, various bank management trainings and environmental management. After graduating from the HTL Mödling/Mechanical Engineering, Klaus Bergsmann was an assistant at the HTL Mödling and at the same time completed his studies in economics at the University of Vienna.