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23.12.11

Raiffeisenbank: Changes in the Management Board

By decision of the Supervisory Board meeting of ZAO Raiffeisenbank, Andrey Stepanenko, member of the Board and Head of Retail Private Individuals Directorate, was appointed Deputy Chairman of the Board. In addition, Nikita Patrakhin, Head of Corporate Finance and Investment Banking Operations, will join the Board. Appointments will take effect after approval from the Central Bank of Russia.

The appointments of Andrey Stepanenko and Nikita Patrakhin are a significant step towards strengthening Raiffeisenbanks Board as the main governing body, which will help make the bank more effective and result-oriented, said Sergey Monin, Chairman of the Board of ZAO Raiffeisenbank.

Andrey Stepanenko graduated from Kiev State Economic University. He holds a PhD in economics.

He began his career in 1995 at the National Bank of Ukraine. From 1998 to 2000 he served as Head of Credit Analysis Raiffeisen Bank Aval (Ukraine). Andrey Stepanenko worked from 2000 to 2003 as Deputy Head of Risk Management of Corporate Borrowers in subsidiary banks of the Raiffeisen Group in Central and Eastern Europe.

Andrey Stepanenko was the Head of Risk Management at ZAO Raiffeisenbank from 2003 to 2007. In 2007 he was appointed as a member of the Board of ZAO Raiffeisenbank, and Head of the Risk Management Directorate. In 2008 he headed the Retail Private Individuals Directorate.

Nikita Patrakhin graduated from Novosibirsk State University in 1998 as an economist and mathematician, and in 2000 graduated with a masters degree from the State University Higher School of Economics. He has been working on the Russian financial market for 12 years. He joined ZAO Raiffeisenbank in 2001, and became head of Corporate Finance and Investment Banking Operations in 2006.


ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 10th among the Russian banks in terms of assets, based on Q3 2011 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of private deposits and 6th with regard to consumer lending.

Raiffeisen Bank International AG regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. RBI is the only Austrian bank with a presence in both the worlds financial centres and in Asia, the groups further geographical area of focus. Around 60,000 employees service about 13.5 million customers through around 3,000 business outlets, the great majority of which are located in CEE. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBIs shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the countrys largest banking group, and serves as the group head office of the entire RZB Group, including RBI.

 

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