Time of Management

6. Corporate Governance

Background Information on the Supervisory Board Members in 2020[1]:

Anna Arkhangelskaya
born in 1976, higher education, graduated from the Moscow State Legal Academy in 1999, qualification – lawyer, specialty – jurisprudence.

Information on professional experience and duties for five years preceding the date of election to the Supervisory Board

01.01.2014 – 07.07.2020, Ernst & Young Valuation and Advisory Services Limited Liability Company. Director of the Business Consulting Department, Division for regulatory compliance of financial institutions. Duties: managing services of business consulting on compliance of financial institutions.

Information on membership in management bodies of other legal entities:

31.08.2020 – up to now, member of Moscow Industrial Bank’s Board of Directors (independent director).

Andrey Golikov
born in 1969, higher education, graduated from the M.V. Lomonosov Moscow State University in 1991, qualification: engineer, specialty: mechanical science. In 2016, he received IoD Diploma in Company Direction of the Institute of Directors (IoD) of the United Kingdom.

Information on professional experience and duties for five years preceding the date of election to the Supervisory Board:

Information on membership in management bodies of other legal entities:

24.04.2003 – up to now, Deputy Chairman of the Supervisory Board of Public Joint-Stock Company Moscow Exchange MICEX-RTS.

20.04.2011 – 22.04.2015, Co-Chairman of the Board of Directors of National Securities Market Association (self-regulatory non-profit organization).

31.05.2018 – 02.06.2020, member of the Supervisory Board of NSD (National Settlement Depository).

13.04.2017 – up to now, Co-Chairman of the Board of Directors of National Finance Association (self-regulatory non-profit partnership).

19.12.2016 – up to now, member of the Supervisory Board of Russian National Reinsurance Company (RNRC) JSC.

30.06.2017 – up to now, member of the Board of Directors of Commercial bank “Absolut Bank”.

21.12.2017 – up to now, member of the Supervisory Board of Bank Otkritie Financial Corporation (Public Joint-Stock Company).

29.05.2008 – 28.06.2013, 30.06.2014 – up to now, member of the Supervisory Board of CCP NCC.

Igor Golutvin[2]
born in 1979, higher education, graduated from the M.V. Lomonosov Moscow State University in 2002, qualification: physicist, specialty: physics. In 2004, he graduated from the Institute of Theoretical and Experimental Physics with the science degree: Ph.D. in Physics and Mathematics. In 2010, he graduated from the Training, Counselling and Professional Center of IFTs (International Financial Centre), qualification: specialist in financial markets in the area of brokerage and dealer activity, securities management.

 Information on professional experience and duties for five years preceding the date of election to the Supervisory Board:

04.04.2008 – 11.04.2013, Head of the Derivatives Sub-Division within the Open Market Trading Transactions Division of the Fixed-Income Instrument Transactions Department of VTB Capital CJSC, was responsible for developing currency and interest rate derivatives, launching new products, and configuring and developing risk management systems.

11.04.2013 – 31.08.2017, Co-Head of the Complex Transactions Sub-Division within the Open Market Trading Transactions Division of the Fixed-Income Instrument Transactions Department of VTB Capital CJSC, was in charge of CVA portfolio management in relation to transactions in derivatives, hedging market and credit risks, and portfolio yield optimization.

01.09.2017–19.04.2018, Head of Structural Solutions of VTB Capital JSC, was responsible for developing and supporting the derivative solutions business.

19.04.2018–07.10.2019, Deputy Head of the Division for Global Commodity and Raw Market Transactions of the Fixed-Income Instrument Transactions Department of VTB Capital JSC, was responsible for developing the company’s business related to global commodity and raw market transactions.

21.04.2008–05.04.2013, Head of the Derivatives Sub-Division within the Debt & FX Markets Trades Division of VTB Bank (on a part-time basis).

05.04.2013–19.04.2018, Managing Director – Vice-President of the Debt & FX Markets Trades Division of VTB Bank (on a part-time basis).

19.04.2018–07.10.2019, Managing Director of the Division for Global Commodity and Raw Market Transactions of the Investment Products Department – Vice-President of VTB Bank (on a part-time basis).

16.07.2018–07.10.2019, Head of Commodity and Raw Markets of the Department for Counselling on Transactions on the Financial Income Instrument Market of VTB Capital IB Holding, Limited (on a part-time basis).

Information on membership in management bodies of other legal entities:

28.06.2012 – 30.06.2020, member of the CCP NCC’s Supervisory Board. 

Yury Denisov
born in 1970, higher education, graduated from the Moscow State Institute of International Relations at the Ministry of Foreign Affairs in 1993, qualification: economist in the area of international economic relation with a knowledge of a foreign language, specialty: international economic relations.

Information on professional experience and duties for five years preceding the date of election to the Supervisory Board:

10.08.2009 – 01.03.2010, Senior Vice President of the Financial Department of VTB Bank, was responsible for management of assets and liabilities, supervised treasury activity of VTB Group and trading on the money, FX, precious metals and derivatives markets.

22.09.2010–31.05.2011, Deputy CEO of the Moscow Interbank Currency Exchange. Supervised risk management, clearing and treasury activities, and management of assets and liabilities.

16.05.2019 – up to now, Chairman of the Executive Board of the Moscow Exchange. Heads the company and performs functions of the sole executive body.

 Information on membership in management bodies of other legal entities:

25.06.2013 – 28.04.2020, member of the Supervisory Board of Public Joint-Stock Company Moscow Exchange MICEX-RTS.

14.10.2003 – 08.04.2015, Co-Chairman of the Council of National Foreign Exchange Association.

31.05.2018 – up to now, member of the CCP NCC’s Supervisory Board.

09.10.2019 – up to now, member of the Executive Board of the Russian Union of Industrialists and Entrepreneurs.

29.05.2008 – up to now, member of the Supervisory Board of CCP NCC.

15.06.2010 – 29.06.2011, 13.05.2016 – 20.05.2019, Chair of the Supervisory Board of CCP NCC.

29.06.2011 – 13.05.2016, 17.07.2020 – up to now, Deputy Chair of the Supervisory Board of CCP NCC.

Vadim Kulik[3]
born in 1972, higher education, graduated from D. Mendeleev University of Chemical Technology of Russia in 1995, specialty: Chemical Technology of Modern Energetics Materials.

 Information on professional experience and duties for five years preceding the date of election to the Supervisory Board:

03.06.2011 – 14.01.2013, Vice-President – Director of the Risk Department of Sberbank, participated in the management of market and operational risks, as well as retail and non- retail credit risks. Implemented risk management processes in subsidiary banks in the CIS countries.

15.01.2013 – 23.05.2013, Senior Vice-President, member of the Management Board of Sberbank, was responsible for risk management and IT support.

24.05.2013 – 15.02.2017, Deputy Chairman of the Management Board, member of the Management Board of Sberbank, supervised risk management, IT support, and operating activities of the Bank.

16.05.2017 – 02.10.2017, First Deputy Chairman of the Management Board, member of the Management Board of Otkritie Holding JSC, supervised IT support of the financial business units of subsidiaries.

30.10.2017 – 21.12.2017, Adviser to the Chairman of the Management Board of Gazprombank.

22.12.2017–14.06.2019, Deputy Chairman of the Management Board, member of the Management Board of Gazprombank. Participated in the implementation of the IT development policy at the head office and branches, coordinated development of standards and regulation of the bank products operational support, participated in centralization and coordination of all risk management frameworks, policies and processes in the area.

02.09.2019–28.10.2019, Adviser to President – Chairman of the Management Board of VTB Bank. Drafted ongoing and long-term action plans in the manner and cases prescribed by the regulations and administrative documents of the Bank, fulfilled instructions of the Bank’s management and the immediate superior within the established timeframe.

29.10.2019 – up to now, Vice President, Deputy Chairman of the Management Board of VTB Bank. Participates in implementation of the IT development policy at the head office and branches, coordinates standards development and bank products operational support regulation.

01.12.2017 – up to now, the Director of the Digital Competence Centre of the Russian Presidential Academy of National Economy and Public Administration under the Government of the Russian Federation (on a part-time basis). Arranges comprehensive support of educational and scientific projects aimed at forming digital competencies of students and professors of the Academy.

 Information on membership in management bodies of other legal entities:

28.09.2012 – 29.03.2017, member of the Board of Directors of DenizBank A.S.

25.04.2013 – 25.01.2017, member of the Board of Directors of Sberbank Technology.

22.01.2014 – 14.03.2017, member of the Board of Directors of Sberbank Leasing.

29.06.2017 – up to now, member of the Supervisory Board of Russian National Reinsurance Company.

22.12.2017 – 14.06.2019, member of the Management Board of Gazprombank.

10.01.2018 – 26.06.2019, member of the Board of Directors of Speech Technology Centre.

29.10.2019 – up to now, member of the Management Board of VTB Bank.

24.11.2017 – 30.06.2020, member of the Supervisory Board of CCP NCC. 

Sergey Lykov
born in 1952, higher education, graduated from the Moscow Financial Institute in 1975, qualification: economist, specialty: international economic relations. In 1988 he completed the postgraduate training program of the All-Union Distance-Learning Institute of Finance and Economics with the science degree: Ph.D. in Economics.

Information on professional experience and duties for five years preceding the date of election to the Supervisory Board:

29.10.2012 – 10.07.2017, Deputy Chairman, member of the Management Board of State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”. Participated in the corporation’s governance and the activity of the sole executive body.

11.07.2017 – 26.07.2017, Deputy Chairman of Vnesheconombank. Participated in the corporation’s governance and the sole executive body’s activity.

27.07.2017 – 10.12.2018, Deputy Chairman of Vnesheconombank – member of the Management Board.

09.12.2018 –   up to now, Deputy Chairman of VEB.RF – member of the Management Board.

Participation in the corporation’s governance and the collective executive body’s activity

09.12.2018 – up to now, Deputy Chairman of VEB.RF, member of the Management Board. Participates in the corporation’s governance and the collective executive body’s activity.

 Information on membership in management bodies of other legal entities:

20.05.2004 – 27.04.2015, Deputy Chairman of the Supervisory Board of Open Joint-Stock Company “Moscow Exchange MICEX-RTS”.

28.04.2015 – 27.04.2016, member of the Supervisory Board of Public Joint-Stock Company “Moscow Exchange MICEX-RTS”.

29.06.2011 – 13.05.2016, Chair of the Supervisory Board of NCC Clearing Bank.

28.03.2008 – 25.08.2016, Deputy Chairman of the Supervisory Board of Belvnesheconombank Open Joint-Stock Company.

22.01.2009 – 06.02.2017, member of the Board of Directors of Interregional Commercial Bank for Development of Communications and Informatics (Public Joint-Stock Company).

08.06.2006 – 09.06.2015, member of the Board of Directors of the State Specialized Russian Export-Import Bank (Closed Joint-Stock Company).

06.12.2013 – 05.08.2015, member of the Board of Directors of VEB Asia Limited.

29.06.2015–30.06.2016, member of the Board of Directors of VEB-Leasing Open Joint-Stock Company.

13.05.2016 – 17.07.2020, Deputy Chair of the Supervisory Board of CCP NCC.

30.05.2017 – up to now, member of the Supervisory Board of NSD.

17.07.2020 – up to now, Chair of the Supervisory Board of CCP NCC.

Igor Marich
born in1974, graduated from the Financial University under the Government of the Russian Federation in 1998, qualification: economist, specialty: finance & credit.

Information on professional experience and duties for five years preceding the date of election to the Supervisory Board:

06.05.2013 – 22.07.2016, Managing Director of the Money Market, Public Joint-Stock Company “Moscow Exchange MICEX-RTS”

22.07.2016 – 30.09.2020, member of the Executive Board, Managing Director of the Money and Derivatives Markets, Public Joint-Stock Company Moscow Exchange MICEX-RTS. Acted as a member of the Executive Board while adopting resolutions within the Executive Board’s competence.

01.10.2020 – up to now, member of the Executive Board, Managing Director for Sales and Business Development, Public Joint-Stock Company Moscow Exchange MICEX-RTS. Acted as a member of the Executive Board while adopting resolutions within the Executive Board’s competence.

Information on membership in management bodies of other legal entities:

23.08.2017 – up to now, member of the Board of Directors of MOEX Innovations.

18.04.2019 – up to now, member of the Board of Directors of National Finance Association (self-regulatory non-profit organization) (NFA).

24.05.2017 – up to now, Chair of the Supervisory Board of National Mercantile Exchange.

30.05.2018 – up to now, member of the Board of Directors of the Kazakhstan Stock Exchange.

14.11.2016 – up to now, member of the Council of the International Association of Exchanges of CIS Countries.

Sergey Monin[4]
born in 1973, higher education, graduated from the Financial Academy under the Government of the Russian Federation in 1995, qualification: economist, specialty: global economy. In 1999 he completed the postgraduate training program of the Financial Academy under the Government of the Russian Federation, qualification: economist, specialty: global economy.

Information on professional experience and duties for five years preceding the date of election to the Supervisory Board:

07.11.2011 – up to now, Chairman of the Management Board of Raiffeisenbank. Is responsible for elaborating and implementing the bank’s development strategy and management of its day-to-day operations.

Information on membership in management bodies of other legal entities:

27.03.2006 – 08.04.2015, Co-Chairman of the Council of National Foreign Exchange Association.

22.04.2014 – 22.04.2015, Co-Chairman of the Board of Directors of National Securities Market Association (self-regulatory non-profit organization).

12.08.2014 – 20.10.2015, Chairman of the Supervisory Board of Non-State Pension Fund Raiffeisen.

30.09.2011 – up to now, Chairman of the Supervisory Board of Raiffeisen Capital Management.

20.05.2019 – 30.06.2020, Chair of the Supervisory Board of CCP NCC.

Olga Trofimova
born in 1981, higher education, graduated from the State University of Management in 2003, qualification: manager, specialty: management, specialized in HRM. In 2013, she graduated from the University of Chicago Booth School of Business, Leadership Development program.

Information on professional experience and duties for five years preceding the date of election to the Supervisory Board:

14.02.2005 – 27.07.2015, Director of the HR Department of Promsvyazbank. Organized all HRM activities.

28.09.2015 – 31.03.2016, Head of the AHR Department, Sberbank Technology. Organized all HRM activities.

14.04.2016 – 31.10.2019, Head of the HR Department, Expobank. Organized all HRM activities.

05.11.2019 – up to now, HR Director of Public Joint-Stock Company Moscow Exchange MICEX-RTS. Organizes all HRM activities.

Information on membership in management bodies of other legal entities:

31.03.2020 – up to now, member of the Supervisory Board, Financial Literacy Development Association.

Andrey Popov
born in 1973, higher education, graduated from the Financial Academy under the Government of the Russian Federation in 1996, qualification: economist, specialty: banks & credit. In 1995, he graduated from Truman State University (Missouri, USA), qualification: Bachelor, specialty: business administration (finance).

 Information on professional experience and duties for five years preceding the date of election to the Supervisory Board:

09.01.2013 – 24.12.2018, member of the Executive Board, Head of the IT Department, Raiffeisen Bank. Managed operation of the bank’s IT units, determined the IT strategy and planned the bank’s IT activities and their budget. Acted as a member of the Executive Board while adopting resolutions within the Executive Board’s competence.

 Information on membership in management bodies of other legal entities:

02.06.2020 – up to now, member of the Board of Directors, Bank ZENIT.

24.06.2014 – up to now, member of the Supervisory Board, NSD.

Natalia Puzyrnikova
born in 1979, higher education, graduated from the M.V. Lomonosov Moscow State University in 2002, qualification: physicist, specialty: physics, specialized in theoretical physics. In 2009 she graduated from Non-state educational institution of higher education «New Economic School» (Institute) and completed the Master of Finance supplementary vocational education program.

 Information on professional experience and duties for five years preceding the date of election to the Supervisory Board:

16.06.2015 – 31.01.2016, Managing Director, Head of CIB’s Credit Risk Unit, CIB’s Risk Department, Sberbank of Russia. Development of credit risk management processes. Development and support of assessment of credit risk and structure of CIB’s products, credit risk management methodology, credit risk limit architecture and monitoring of customers’ credit rating. Development of the risk management system at subsidiaries.

01.02.2016 – 09.06.2017, Senior Managing Director, Head of CIB’s Credit Risk Unit, CIB’s Risk Department, Sberbank of Russia. Development of credit risk management processes. Development and support of assessment of credit risk and structure of CIB’s products, credit risk management methodology, credit risk limit architecture and monitoring of customers’ credit rating. Development of the risk management system at subsidiaries.

15.06.2017 – 08.11.2017, Managing Director of Investment Risks, Bank Otkritie Financial Corporation. Assessment of the bank’s investment portfolio risk. Assessment of macro-economic environment and market trends. Calculating current ratios and controlling deviations. General support of subsidiaries in terms of investment risk control.

14.11.2017 – 04.08.2019, Executive Vice-President, Gazprombank. Organization of risk management process. Control and monitoring of the bank’s activities on securities, FX, commodities and interest rates markets. Handling of the bank’s investment products and trust asset management. Development and implementation of the limit policy. Creation of the system for limiting financial market risks and BB structural risks.

05.08.2019 – up to now, First Vice-President, Gazprombank. General coordination of and control over implementation of the bank’s risk management policy. Organization of effective risk management at the bank. Development and coordination of all risk management systems. Development and implementation of the bank’s limit policy. Monitoring of correlation between limits approved at the bank and the bank’s ability to take risks.

 Information on membership in management bodies of other legal entities:

28.06.2019 – up to now, member of the Board of Directors, Credit Ural Bank.

30.08.2019 – up to now, member of the Executive Board, Big Data Association (non-profit organization).

Alexey Khavin[5]
born in 1975, higher education, graduated from the Finance Academy under the Government of the Russian Federation in 1997, qualification: economist, specialty: global economy.

Information on professional experience and duties for five years preceding the date of election to the Supervisory Board:

03.09.2007 – 06.03.2009, First Vice President, Head of the Treasury of Gazprombank. Supervised proprietary and client trading of the Bank on the financial markets.

21.12.2010 – 11.04.2011, Deputy CEO of National Clearing Center. Supervised operations of the Treasury and subdivisions of the back office.

12.04.2011 – 17.06.2020, CEO of CCP NCC. Performed overall management of the Company’s activity.

 Information on membership in management bodies of other legal entities:

25.04.2006–08.04.2015, Co-Chairman of the Council of the National Foreign Exchange Association.

28.06.2016–24.05.2017, member of the Supervisory Board of the NAMEX.

20.04.2011 – up to now, member of the Board of Directors of National Finance Association (self-regulatory organization).

31.01.2019 – up to now, member of the Council of the Association of
Banks of Russia (Association “Russia”).

28.06.2011 – 30.06.2020, member of the Supervisory Board of CCP NCC.

Alexander Udod
born in 1971, higher education, graduated from the Institute of Asian and African Countries of the M.V. Lomonosov Moscow State University in 1994, qualification: orientalist historian, foreign language assistant, translator of Swahili with the knowledge of English, specialized in the history of Asian and African countries. In 2000, graduated from the Diplomatic Academy of the Ministry of Foreign Affairs of Russia, qualification: specialist in the international relations, specialty: international relations. Specialized in disciplines and courses taught at the Chair of Global Economy and International Economic Relations.

Information on professional experience and duties for five years preceding the date of election to the Supervisory Board:

06.04.2010 – 07.08.2015, First Deputy CEO, Vnesheconombank Investment Company LLC (VEB Capital). Participated in overall management of and control over day-to-day economic and financial activities of the company and its subsidiaries, including professional activities on the securities market and work with distressed assets of Vnesheconombank Group.

06.04.2010 – 06.04.2015, member of the Executive Board of VEB Capital. Executed functions of the member of the Executive Board when adopting decisions on the day-to-day activities.

26.11.2015 – 28.04.2017, Senior Vice President of GLOBEXBANK. Investment banking; organizing and raising borrowed funds on the Russian and international financial markets; trade and structured finance; organizing mergers and acquisitions; organizing work with rating agencies; Treasury.

15.05.2017 – 11.03.2019. Independent expert. Advised corporate and private clients in the area of debt structuring and capital raising on the Russian and foreign financial markets.

12.03.2019 – up to now. Director General of AVR Consult LLC. Performs overall management of and control over day-to-day operations.

 Information on membership in management bodies of other legal entities:

28.04.2011 – 27.01.2016, member of the Board of Directors of GLOBEX CAPITAL.

11.07.2013 – 30.06.2015, member of the Board of Directors of Mediaholding “Expert”.

25.06.2014 – 25.06.2015, member of the Board of Directors of Ilyushin Finance Co.

30.06.2014 – 29.06.2015, member of the Board of Directors of VEB Leasing.

15.07.2014 – 26.10.2015, member of the Board of Directors of Vnesheconombank Investment Company LLC (“VEB Capital”).

20.05.2019 – up to now, member of the Supervisory Board of CCP NCC.

Andrey Shemetov
born in 1974, higher education, graduated from the Ordzhonikidze State Academy of Management (nowadays, the State University of Management) in 1996, qualification: economist, specialized in the economics and industrial management.

 Information on professional experience and duties for five years preceding the date of election to the Supervisory Board:

22.07.2008 – 09.11.2012, Director General of ATON LLC. Day-to-day supervision over financial and professional activities of the Company to provide optimal business growth and enhance the Company’s competitiveness.

12.11.2012 – 09.03.2016, Deputy Chairman of the Executive Board of the Moscow Exchange. Managed commercial units of the Exchange – securities, derivatives, commodity and primary markets. In charge of the Customer Service, Market Data and Indices departments, foreign and regional branches and representative offices. Supervised the International Presence Department and the innovation and investment market

09.06.2016–10.04.2018, Head of the Global Markets Department and Managing Director of Sberbank CIB CJSC. Managed the Bank’s commercial department: trading, sales, analytical management, investment banking management and e-markets. Headed the international offices in London, New York, and Cyprus.

10.04.2018 – 15.11.2020, Vice-President – Director of the Global Markets Department of Sberbank of Russia. Managed the bank’s commercial department: trading, sales, analytical management, investment banking management, and e-markets. Managed the international offices in London, New York, and Cyprus.

16.11.2020 – up to now, Senior Vice-President for Largest Customers, Corporate & Investment Business Block, Sberbank.

In charge of business units working with major customers (CIB) – Global Markets Department, Key Customers Department, Loan Facilities for Key Customers Department, and Investment Activities Department.

 Information on membership in management bodies of other legal entities:

28.06.2013 – 12.05.2015, Chairman of the Board of Directors of CJSC “MICEX Stock Exchange”.

27.06.2013 – 19.05.2015, member of the Supervisory Board of Closed Joint-Stock Company “National Mercantile Exchange”.

22.04.2014 – 08.04.2016, member of the Board of Directors of National Securities Market Association (self-regulatory non-profit organization).

02.06.2014 – 02.06.2016, member of the Board of Directors of QIWI PLC.

18.06.2012 – up to now, member of the Board of Directors of self-regulating (non-profit) National Association of Securities Market Participants (NAUFOR).

29.06.2016 – 20.07.2020, member of the Board of Directors of Sberbank CIB JSC.

20.05.2019 – up to now, member of the Supervisory Board of CCP NCC.

10.10.2019 – 20.07.2020, member of the Supervisory Board of SIB (Cyprus) Limited.


[1] Data on membership in the management bodies is specified as of 31.12.2020. Data on Igor Golutvin is provided as of 31.03.2020. Data on Vadim Kulik is provided as of 31.03.2020. Data on Sergey Monin is provided as of 31.03.2020. Data on Alexey Khavin is provided as of 31.03.2020.

[2] As of the date of termination of powers of the member of the CCP NCC Supervisory Board.

[3] As of the date of termination of powers of the member of the CCP NCC Supervisory Board.

[4] As of the date of termination of powers of the member of the CCP NCC Supervisory Board.

[5] As of the date of termination of powers of the member of CCP NCC Supervisory Board.