Supervisory Board Members as at 31 December 2019
Director | Banking, finance, audit | Corporate governance | Strategy | Control, risk management |
---|---|---|---|---|
William Forrester Owens | + | + | + | |
Roman I. Avdeev | + | + | ||
Andrew Sergio Gazitua | + | + | + | + |
Thomas Günther Grasse | + | + | + | |
Lord Daresbury (Peter) | + | + | ||
Andreas Klingen | + | + | + | |
Sergey Yu. Menzhinsky | + | + | ||
Ilkka Seppo Salonen | + | + | + | |
Alexey A. Stepanenko | + | + | + | |
Vladimir A. Chubar | + | + |
The current Supervisory Board members were elected by the annual General Shareholders’ Meeting on 27 May 2019 by cumulative voting and will serve until the next annual shareholders’ meeting.



Changes in the Supervisory Board in 2019
There were no changes in the Supervisory Board in 2019.
As at 31 December 2019, there were 10 Supervisory Board members, five directors recognised as independent directors under the independence criteria set out by the bank’s Charter and Corporate Governance Code and Moscow Exchange’s Listing Rules.This proportion of independent directors corresponds to international practice and ensures unbiased, prudent and independent decision-making.
One of the independent Supervisory Board members with extensive business experience, in particular in financial, investment and strategic management, is elected as the Senior Independent Non-Executive Director.
Supervisory Board Members as at 31 December 2019

William Forrester Owens
Independent Non-Executive Director
Chairman of the Supervisory Board
Member of the Strategy and Capital Markets Committee
Chairman of the Compensation, Corporate Governance and Nominations Committee
Year of birth: 1950
Education:
- bachelor’s degree in Science from Stephen F. Austin State University (USA).
- master’s degree in Public Affairs from University of Texas (USA).
Main employment:
- Senior Director of Greenberg Traurig, LLP
Stake in the bank’s charter capital and percentage of ordinary shares held in the bank:
- No stake in the bank’s charter capital.
Shares of the bank acquired or disposed of:
- None

Roman I. Avdeev
Non-Executive Director, member of the Supervisory Board
Member of the Strategy and Capital Markets Committee
Year of birth: 1967
Education:
- 1994: certificate in banking from the Moscow International University of Business and Information Technologies.
- 1996: degree in Industrial and Civil Construction from Lipetsk State Technical University.
- 1999: Ph.D. in Engineering Science from Penza State Academy of Architecture and Construction.
Main employment:
- None
Stake in the bank’s charter capital and percentage of ordinary shares held in the bank:
- No stake in the bank’s charter capital.
Shares of the bank acquired or disposed of:
- None

Andrew Sergio Gazitua
Senior Independent Non-Executive Director, member of the Supervisory Board
Member of the Compensation, Corporate Governance and Nominations Committee, Chairman of the Strategy and Capital Markets Committee
Year of birth: 1962
Education:
- 1985: bachelor’s degree in Arts in Political Science from Haverford College.
Main employment:
- None
Stake in the bank’s charter capital and percentage of ordinary shares held in the bank:
- No stake in the bank’s charter capital.
Shares of the bank acquired or disposed of:
- None

Thomas Günther Grasse
Non-Executive Director, member of the Supervisory Board
Member of the Strategy and Capital Markets Committee and the Audit and Risk Committee
Year of birth: 1955
Education:
- 1977: bachelor’s degree in Banking from Frankfurt School of Finance and Management.
- 1999: training in investment and banking activities and corporate finance in J.P. Morgan, New York.
Main employment:
- None
Stake in the bank’s charter capital and percentage of ordinary shares held in the bank:
- No stake in the bank’s charter capital.
Shares of the bank acquired or disposed of:
- None

Lord Daresbury (Peter)
Independent Non-Executive Director, member of the Supervisory Board
Member of the Compensation, Corporate Governance and Nominations Committee and the Strategy and Capital Markets Committee
Year of birth: 1953
Education:
- 1971: graduated from Eton College.
- 1975: Master of Arts’ degree from Magdalene College, Cambridge.
- 1980: attended Sloan fellowship in London Business School.
Main employment:
- Director of Daresbury Estates Limited
Stake in the bank’s charter capital and percentage of ordinary shares held in the bank:
- Stake in the bank’s charter capital: 0.00168%.
- Percentage of ordinary shares held in the bank: 0.00168%.
Shares of the bank acquired or disposed of:
- None

Andreas Klingen
Independent Non-Executive Director, member of the Supervisory Board
Member of the Strategy and Capital Markets Committee and the Audit and Risk Committee
Year of birth: 1964
Education:
- 1993: Master of Business Administration degree from Rotterdam School of Management.
Main employment:
- None
Stake in the bank’s charter capital and percentage of ordinary shares held in the bank:
- No stake in the bank’s charter capital.
Shares of the bank acquired or disposed of:
- None

Sergey Yu. Menzhinsky
Non-Executive Director, member of the Supervisory Board
Member of the Strategy and Capital Markets Committee
Year of birth: 1971
Education:
- 1993: degree in Mechanics and Applied Mathematics from Lomonosov Moscow State University.
- 2011: degree in State and Municipal Administration from the Russian Presidential Academy of National Economy and Public Administration.
- 2009: advanced training courses at the Institute of Stock Market and Management.
- 2011: MBA qualification under the “Master of Business Administration – Strategic Management and Entrepreneurship” programme of Moscow International Higher Business School MIRBIS.
Main employment:
- Advisor at REGION Investment Company JSC
Stake in the bank’s charter capital and percentage of ordinary shares held in the bank:
- No stake in the bank’s charter capital.
Shares of the bank acquired or disposed of:
- None

Ilkka Seppo Salonen
Independent Non-Executive Director, member of the Supervisory Board
Member of the Strategy and Capital Markets Committee, Chairman of the Audit and Risk Committee
Year of birth: 1955
Education:
- 1981: Master of Political Science degree (major in Economics) from Helsinki University.
- 1994: completion of management courses at Kansallis-Osake-Pankki Bank (Finland).
- 2004: completion of executive education programme at IESE business school.
Main employment:
- Executive Chairman of the Board of Directors of East Office of Finnish Industries
Stake in the bank’s charter capital and percentage of ordinary shares held in the bank:
- No stake in the bank’s charter capital.
Shares of the bank acquired or disposed of:
- None

Alexey A. Stepanenko
Non-Executive Director, member of the Supervisory Board
Year of birth: 1981
Education:
- 2004: degree in Finance and Credit from the Financial University under the Government of the Russian Federation.
- 2003: broker / dealer firm executive / comptroller / specialist qualification from the Federal Commission for the Securities Market.
Main employment:
- CFO at Limited Liability Company ROSSIUM Concern
Stake in the bank’s charter capital and percentage of ordinary shares held in the bank:
- Stake in the bank’s charter capital: 0.00229%.
- Percentage of ordinary shares held in the bank: 0.00229%.
Shares of the bank acquired or disposed of:
- None

Vladimir A. Chubar
Executive Director, member of the Supervisory Board, Chairman of the Management Board
Member of the Strategy and Capital Markets Committee
Year of birth: 1980
Education:
- 2005: degree in Finance and Credit from the Finance Academy under the Government of the Russian Federation.
- 2007: course Budgeting and Financial Planning in Commercial Banks at the Association of Russian Banks’ Institute of Banking Business.
Main employment:
- Chairman of the Management Board of CREDIT BANK OF MOSCOW
Stake in the bank’s charter capital and percentage of ordinary shares held in the bank:
- Stake in the bank’s charter capital: 0.02328%.
- Percentage of ordinary shares held in the bank: 0.02328%.
Shares of the bank acquired or disposed of:
- Transaction date: 06.11.2019;
- Transaction type: acquisition in the course of the placement of the bank’s seventeenth additional share issue;
- Category (type) of shares: ordinary uncertificated registered shares, issue state registration number 10101978В, international securities identification number (ISIN) RU000A0JUG31;
- Number of shares: 3,000,000 (total number of shares held: 6,945,400).