Management Board

To ensure effective operational management the Board of Directors elects a corporate executive body — the bank’s Management Board.

The Management Board is responsible for fulfillment of the bank’s targets, strategy and policy stated by the General Meeting of Shareholders and the Board of Directors.

At present the Management Board consists of 6 members.

Remuneration to the members of the Management Board is paid in accordance with the Regulation on remuneration to executive bodies of the bank approved by the Board of Directors. Remuneration to the Chairman of the Management Board and members of the Management Board includes salary, incentive payments and compensations. Bonuses paid to the members of executive bodies depend on fulfillment of annual plans in terms of approved development strategy of the bank and is determined in accordance with the key indicators reached in the supervised business segments.

The remuneration (salaries, bonuses and other compensations) of the executive bodies, including the Chairman of the Management Board, for the year 2013 amounted to 194,700,689 roubles.

Regulations on the Executive Bodies (PDF, 239.7 KB) of Vozrozhdenie Bank

Information about bank’s shares owned by the Board members can be found in the list of affiliated persons and in the quarterly report on securities.

Members of the Management Board

Basmanov

Konstantin, 1974

Chairman of the Management Board

Full information

Mr Basmanov has joined the bank in 2015. His candidacy for the position of the Chairman of the Management Board was consented by the Bank of Russia on October 23, 2015 and on November 6, 2015 he was appointed. On November 27, 2015 he joined the Board of Directors of Vozrozhdenie Bank.

He graduated from the Khabarovsk State Economics and Law Academy with a degree in Finance and Credit and qualification Economics in 1996. In 2001 Konstantin Basmanov received postgraduate education in the frame of Corporate finances programme of Mitsubishi Research Institute. Inc. and in 2012  — in the frame of PSB Leadership Development Programme on the base of the University of Chicago Booth School of Business.

Employment history

Employment history for the five years preceding the date of the current appointment:

From January 12, 2009 to October 21, 2013 – Senior Vice-President – Head of the Sales Network Unit of Promsvyazbank OJSC. Key responsibilities: general management and control over the company’s activity across the following direction: development of the regional sales network, corporate business in the regional network.

From January 27, 2009 to November 9, 2015 – Member of the Management Board of Promsvyazbank PJSC. Key responsibilities: operating management of the company excluding issues covered by the competence of the general meeting of shareholders or the board of directors.

From April 4, 2011 to January 22, 2013 – Chairman of the Board of Directors of Kassa24 LLC.

From January 25, 2012 to date – Member of the Board of Directors of KHABAROVSK AIRPORT OJSC.

From October 22, 2013 to November 09, 2015 – Senior Vice-President – Head of SME Unit of Promsvyazbank OJSC. Key responsibilities: general management and control over the company’s activity across the following direction: development of the regional sales network, corporate business in the regional network, work with SME segment.

From January 22, 2015 to date – Member of the Management Board of All-Russian Non-Governmental Organisation of Small and Medium-Sized Business OPORA ROSSII. Key responsibilities: general management of the company excluding issues covered by the competence of the general meeting of participants.

From September 9, 2015 to November 9, 2015 – Advisor to the Chairman of the Management Board of Vozrozhdenie Bank. Key responsibilities: consulting the Chairman of the Management Board.

From November 10, 2015 to date – Chairman of the Management Board of Vozrozhdenie Bank. Key responsibilities: executive management of the bank in accordance with the Articles of Association and the Regulations on the Executive Bodies of Vozrozhdenie Bank adopted by the General Meeting of Shareholders.

From November 27, 2015 to date – Member of the Board of Directors of Vozrozhdenie Bank.

Nakhmanovich

Mark, 1957

Deputy Chairman of the Management Board

Full information

Mr Nakhmanovich has been working with the bank since 1993. Mark Nakhmanovich was appointed as the Deputy Chairman of the Management Board on September 23, 1993 and on August 28, 1997 his candidacy was consented by the Bank of Russia (at the moment of the appointment, the consent was not obligatory).

Mr Nakhmanovich supervises the activity of the Bank Cards and the Remote Sales Channels, the Security and the Cash Collection as well as the Retail Business Departments of Vozrozhdenie Bank.

He graduated from the Moscow Timiryazev Agricultural Academy with a degree in Economic Cybernetics in agriculture and qualification Economist-mathematician in agriculture in 1980. On March 24, 1989 Mark Nakhmanovich got a Doctorate of Economic Science.

Mr Nakhmanovich has been awarded with the title “Honoured economist of the Moscow Region” and the plaques of Honour of the Governor of the Moscow Region “In gratitude”, “For contribution” and “For Contribution and Dedication” as well as the medal of the President of the Russian Federation “In Commemoration of the 850th Anniversary of Moscow” and the diploma of distinction of the Governor of the Moscow Region.

Employment history

Employment history for the five years preceding the date of the current appointment:

From June 25, 1988 to March 31, 1989 — Senior HR economist of State Farm “Belaya Dacha”. Key responsibilities: overseeing issues of labour standardising, compensation and administration.

From April 1, 1989 to June 29, 1992 — Deputy Director on Economic Issues of State Farm “Belaya Dacha”. Key responsibilities: overseeing the Economic and Accounting Departments.

From June 30, 1992 to September 23, 1993 — Financial Director of ZAO “Belaya Dacha”. Key responsibilities: overseeing the Economic and Accounting Departments.

From September 23, 1993 to date — Deputy Chairman of the Management Board at Vozrozhdenie Bank. Key responsibilities: coordination of activity on cash operations at the bank’s Head Office, control over distributing and exercising branches’ authorities related to loan commitments on banking card products.

Shalimov

Andrey, 1973

Deputy Chairman of the Management Board

Full information

Mr Shalimov has been working with the bank since 1993 and in 2007 he joined the Management Board. His candidacy for the position of the Deputy Chairman of the Management Board was consented by the Bank of Russia on September 29, 2011 and on October 3, 2011 he was appointed.

He graduated from the Finance Academy under the Government of the Russian Federation with a degree in Finance and Credit and qualification Economics in 1995 and from the State University — High School of Economics with a degree in Legal Sciences and qualification Lawyer in 2004.

Mr Shalimov was awarded with the plaques of honour of the Governor of the Moscow Region “For Contribution” and “In Gratitude”.

Employment history

Employment history for the five years preceding the date of the current appointment:

From November 3, 2003 to October 2, 2011 — Head of the Treasury of Vozrozhdenie Bank. Key responsibilities: management of the Treasury, analysis of the bank’s assets and liabilities structure, liquidity management, management of the bank’s operations on financial markets, control over financial risks (currency, interest, market), financial markets analysis, development of the system of contractors’ limits, establishment of the system of internal distribution of resources and transfer pricing, control over open FX positions, economic norms of the bank’s activity and mandatory reserve deposits.

From October 3, 2011 to date — Deputy Chairman of the Management Board of Vozrozhdenie Bank. Key responsibilities: administration of external relations’ development and the bank’s activity on national and global financial markets, participation in organisation of lending processes in the bank; relations with tax authorities as related to the issues of tax legislation, control over tax accounting, settlements with the budget, property insurance control and preparation of the financial statements under the IFRS.

From June 1, 2015 to November 27, 2015 — member of the Board of Directors at Vozrozhdenie Bank.

From September 11, 2015 to November 9, 2015 — Acting Chairman of the Management Board of Vozrozhdenie Bank. Key responsibilities: executive management of the bank in accordance with the Articles of Association and the Regulations on the Executive Bodies of Vozrozhdenie Bank adopted by the General Meeting of Shareholders.

Malinin

Sergey, 1963

Head of Corporate Department

Full information

Sergey Malinin has been working with the bank since 1992. He joined the Management Board in 2008. His candidacy for a position of a member of the Management Board was consented by the Bank of Russia on November 1, 2008 and was elected by the Board of Directors on November 21, 2008.

Mr Malinin heads the Corporate Department.

Sergey Malinin graduated from the Moscow Plekhanov Institute of National Economy with a degree in Economic Cybernetics and Economist — mathematician qualification in 1985.

He has been awarded with the diploma of distinction of the Governor of the Moscow Region.

Employment history

Employment history for the five years preceding the date of the current appointment:

From January 1, 1997 to April 30, 2002 — Deputy Head of the Development Department of Vozrozhdenie Bank. Key responsibilities: development and coordination of proposals on prospective development of the bank; formation and management of the share capital structure; support of the management bodies’ activity; research for the management purposes; development and support of the corporate website.

From June 14, 2002 to April 15, 2010 — member of the Board of Directors of Open Joint-Stock Company “Specialised Registrar “Avista”.

From May 1, 2002 to date — Head of the Corporate Department of Vozrozhdenie Bank. Key responsibilities: securities issuance organisation (issuance of shares and bonds); support of the management bodies activity, improvement of corporate governance practices; shareholder relations; establishment and maintenance of the centralised analytical database on retail and corporate clients; development and support of the internal control system for the purposes of AML/FT; analytical support for the corporate and retail businesses of the bank.

From June 28, 2013 to June 1, 2015 — member of the Board of Directors of Vozrozhdenie Bank.

Dmitriev

Evgeniy, 1965

Head of Retail Business Department

Full information

Mr Dmitriev has been working with Vozrozhdenie Bank since 1994. On October 29, 2012 his candidacy for a position of a member of the Management Board was consented by the Bank of Russia and elected by the Board of Directors on November 30, 2012.

Mr Dmitriev currently supervises activity of the Retail Business and Bank Cards and Remote Sales Channels Departments of the bank.

Mr Dmitriev graduated from the Moscow Plekhanov Institute of National Economy with a degree in Economic Cybernetics and qualification Economist-mathematician in 1989.

Evgeniy Dmitriev has been awarded with the diploma of distinction of the Governor of the Moscow Region.

Employment history

Employment history for the five years preceding the date of the current appointment:

From May 1, 2002 to March 31, 2011 — Head of the Retail Department at Vozrozhdenie Bank. Key responsibilities: development of the bank’s retail product lines, organisation of promotion of retail products, development of the retail lending methodology, development and implementation of risk-assessment methods in retail lending, development of additional sales channels for retail banking products (payment terminals, partners), participation in development and approval of marketing materials.

From April 1, 2011 to January 26, 2016 — Head of the Retail Business Department at Vozrozhdenie Bank. Key responsibilities: elaboration of the development strategy of the retail business at the bank, organisation of activity on management of the retail loan portfolio and sales of the retail products, management of the module Offices reformatting in frame of the Project of operating model optimisation, development and implementation of methods of enhancing the retail business effectiveness, including the model of centralisation of retail business processes.

From January 26, 2016 to date — Head of the Retail Business. Key responsibilities: elaboration of the development strategy of the retail business at the bank, organisation of activity on management of the retail loan portfolio and sales of the retail products, management of the module Offices reformatting in frame of the Project of operating model optimisation, development and implementation of methods of enhancing the retail business effectiveness, including the model of centralisation of retail business processes, management of multi-channel banking services for retail customers.

Semko

Mikhail, 1963

Head of Legal Department

Full information

Mr Semko joined Vozrozhdenie Bank in 1994. His candidacy for a position of a member of the bank's Management Board was consented by the Bank of Russia on October 31, 2012 and elected by the Board of Directors on November 30, 2012.

Mikhail Semko currently heads the Legal Department of the bank.

Mr Semko is also a member of the Board of Directors of Luzhsky Zavod Belkozin OJSC and a member of the Board of Directors of V-REGISTER CJSC, YUNOST OJSC and Baltiisky Kurort LLC.

Mr Semko graduated from the Omsk High Militia School of the Ministry of Internal Affairs of the USSR with a degree in Legal Sciences and qualification Lawyer. He upgraded his professional skills at the Finance Academy under the Government of the Russian Federation majoring in Banking, the programme was finalised on March 1, 1999. On December 1991 Mikhail Semko got a Doctorate of Legal Sciences.

Mr Semko has been awarded with the honour of the Governor of the Moscow Region.

Employment history

Employment history for the five years preceding the date of the current appointment:

From June 4, 1999 to July 9, 2009 — Head of the Legal Office of Vozrozhdenie Bank. Key responsibilities: legal support of the bank’s operations, solving legal issues between the bank and its customers, credit institutions and other legal entities and individuals, defense of the bank’s legitimate rights and interests in national regulatory, administrative and judicial authorities, control over compliance of draft internal and other documents submitted for signature to the bank’s management with the applicable legislation.

From June 28, 2006 to date — member of the Board of Directors of V-REGISTER CJSC.

From June 24, 2008 to date — member of the Board of Directors of YUNOST OJSC.

From July 10, 2009 to date — Head of the Legal Department of Vozrozhdenie Bank. Key responsibilities: legal support of the bank’s operations, solving legal issues between the bank and its customers, credit institutions and other legal entities and individuals, defense of the bank’s legitimate rights and interests in national regulatory, administrative and judicial authorities, representation of the bank’s interests on issues related to the indebtedness recovery including borrowers’ insolvency, legal support of restructuring of the bank’s problem borrowers’ indebtedness, participation in the bank’s Internal Control System within competence of the Legal Department, monitoring of the events of occurring legal risks and its influence on the bank’s operations and financial standing.

From November 14, 2011 to November 11, 2013 — member of the Board of Directors of Vozrozhdenie-Finance LLC.

From April 17, 2012 to date — member of the Board of Directors of Baltiisky Kurort LLC.

From November 15, 2013 to June 26, 2015 — the Chairman of the Board of Directors of Luzhsky Zavod Belkozin OJSC.

From June 26, 2015 to date — member of the Board of Directors of Luzhsky Zavod Belkozin OJSC.