Board of Directors

The BoD, under the leadership of the Chairman, consists of five members.

The BoD decides on the strategy of the Bank, upon recommendation by the CEO, and is responsible for the overall direction, supervision and control of the Bank and its management, as well as for supervising compliance with applicable laws, rules and regulations. The BoD exercises oversight over the Bank and is responsible to effectively steer the Bank, taking into account the material risks to which the Bank is exposed. The BoD has ultimate responsibility for the success of the Bank and for delivering sustainable shareholder value within a framework of prudent and effective controls, including defining the Bank's risk appetite. It also approves all financial statements for issue and appoints and removes EMB members.

The shareholder elects each member of the BoD individually for a term of office of three years. Following each annual general assembly, the BoD meets to appoint the Chairman and the Vice-Chairman of the BoD as well as the members of the BoD committees.

The composition of the BoD is as follows:

Vaksman, Oleg M.
Chairman, Moscow

Chairman and co-founder of Digital Horizon VC

Dr. Kuoni, Wolfram
Vice-Chairman, Herrliberg    

Founding Partner of Kuoni Attorneys at Law

Kamyshev, Denis V.
Member, Moscow
        

First Vice-President of Gazprombank (JSC)

Klöti, Urs
Member, Richterswil

Partner of Pestalozzi Attorneys at Law and a member
of Pestalozzi’s Financial Services group

Schönenberger, Albert
Member, Zug

Long experience from 1974 to 2008 in banking and financial 
services at different offices of PWC