Johann Jonaсh Appointed Chairman of the Board of Directors of Alfa-Bank Russia
01 Nov 2008

An extraordinary General Meeting of  Shareholders and of the Board of Directors of  Open Joint Stock Company Alfa-Bank Russia appointed Johann Jonach as Chairman of the Board of Directors of Alfa-Bank Russia. In this function Mr. Jonach will preside over the activity of the Board of Directors and will, among others, be responsible for working out and implementing Alfa-Banks’s strategy on the Russian and international financial markets.

Mr. Jonach will combine his role as Chairman of the Board of Directors of Alfa-Bank Russia with the function of Chief Executive Officer of Alfa Banking Group. Alfa Banking Group consolidates its five banks in Russia, Ukraine, the Netherlands, Kazakhstan and in Belarus.

Mr. Jonach’s appointment into this dual role underlines Alfa-Banks strong commitment to further intensify its activity in all its existing business lines as well as its intention to closer coordinate and develop the Banking Group’s subsidiaries outside Russia.

The former Chairman of Alfa Bank Russia’s Board of Directors, Peter Smida, will stay on as Member of the Board of Directors.

Alfa-Bank Russia

Alfa-Banking Group includes Alfa-Bank Russia which is today one of the largest privately owned banks in Russia. It also includes Alfa-Bank Ukraine, one of the top-ten largest banks in Ukraine.  Alfa-Banking Group also comprises  banks in the Netherlands, in Belarus and in Kazakhstan as well as presence in Cyprus, the United States and the United Kingdom. The Group offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending, deposits, payment and account services, foreign exchange operations, cash handling services, custody services, investment banking, trade finance and other ancillary services to corporate and retail customers.
 
Alfa-Bank Russia, founded in 1990, has developed rapidly to become one of Russia's largest privately owned banks. It provides a full range of banking services — corporate banking, retail banking, investment banking, asset management and trade finance. In 2010, Alfa-Bank Russia had 364 branches over nine time zones in Russia, the Netherlands and the United Kingdom, also had presence in the United States and Cyprus.

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