One of the leading national Asset Manager
Raiffeisen KAG is part of Austria’s largest banking group and one of the leading national Asset Management Companies. Beyond our domestic market, we are established as a leading Asset Manager and a respected player in several countries in Central and Eastern Europe (CEE).
Founded: 1985
Business activities: Launch and management of investment funds
Managing directors: Mag. Hannes Cizek (CEO), Mag. (FH) Dieter Aigner, Ing. Michal Kustra
Shareholders: Raiffeisen Bank International AG (RBI) (100 %)
Subsidiaries: Raiffeisen Immobilien Kapitalanlage-Gesellschaft m. b. H. (100 %), R Lux Invest S.à r.l. (100 %), Savity Vermögens-Verwaltung GmbH (100 %)
Founded: 2003
Business activities: Launch and management of real estate funds
Managing directors: Mag. Günther Burtscher, Dr. Barbara Graf-Büchl
Raiffeisen Immobilien Kapitalanlage-Gesellschaft m.b.H. (Raiffeisen Immobilien KAG) is a wholly-owned subsidiary of Raiffeisen Kapitalanlage-Gesellschaft m.b.H. The purpose of the company, which was founded in 2003, is to develop, issue and manage solid real estate investments for institutional clients.
Savity Vermögensverwaltung GmbH is a digital wealth management company based in Vienna which was founded in 2017. It offers access to professional wealth management service to its clients. In the computer-assisted investment of client funds, the return opportunities of international capital markets are utilized through a cost-efficient allocation of assets across various asset classes. Savity uses state-of-the-art technology to create segregated portfolios with different risk profiles for clients, taking into account their investment objectives and sustainability preferences. Since January 2025, Savity has been a 100% subsidiary of Raiffeisen Kapitalanlage-Gesellschaft m.b.H.
Raiffeisen Capital Management expands presence in Croatia
Raiffeisen Kapitalanlage-Gesellschaft m.b.H. (“Raiffeisen KAG”) has established a branch office in Croatia: Raiffeisen Kapitalanlage-Gesellschaft m.b.H. Podružnica Hrvatska, za upravljanje fondovima will henceforth operate the Croatian fund business of RCM.
In parallel, the fully owned subsidiary Raiffeisen Invest d.o.o. (“R-Invest”) has been merged into Raiffeisen KAG, with Raiffeisen KAG being the legal successor of R-Invest as of November 1, 2025. The transaction has been approved by the Austrian and the Croatian Financial Market Authorities.
Raiffeisen KAG will - as a result of the merger- drive the Croatian business through its branch office in Zagreb—supported by the existing team of the former Raiffeisen Invest d.o.o. The company will consolidate its local presence under the Raiffeisen Capital Management DACH brand and market its retail funds under Raiffeisen Fondovi.s unter der Marke Raiffeisen Fondovi vermarkten.
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Hub in the heart of Europe
Situated in the heart of Europe – with headquarters in Vienna – Raiffeisen Capital Management is an asset management hub between East and West of Europe. Our funds are available in more than 20 markets.
Key data at a glance
As of 30 September 2025, * investment funds managed based on ESG criteria with different risk characteristics, ESG stands for Environment (E), Social (S) and Governance (G).
Management & business units
Who we are
Brief curriculum vitae and responsibilities of the management
What we do
Get to know the business units
 "Unsere Vision")
Our vision
Sustainable and responsible investments – for a better future.
l.t.r.: Hannes CIZEK (Chairman of the Management Board, CEO) Area of responsibility: Institutional Business, Retail Business Austria, Operations and Finance, Risk Management, Internal Audit, Compliance, etc.; Karin KUNRATH (Chief Investment Officer); Barbara GRAF-BÜCHL (Managing Director of Raiffeisen Immobilien KAG); Michal KUSTRA (Managing Director) Area of responsibility: Centre of Competence / CEE, Italy, Croatia, Fund Service; Dieter AIGNER (Managing Director, CSIO) Area of responsibility: Fund Management - Investment & Corporate Responsibility, Legal & Tax
Group information
Legal texts and notes on tax practices
Miscellaneous
Further information and links:
Compliance & KYC documents
Raiffeisen Kapitalanlage-Gesellschaft m.b.H (Raiffeisen KAG or RKAG) is fully committed to its compliance responsibilities. Below you will find our corporate and KYC documents (Know Your Customer).