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Alfa-Bank Announces Top Executive Promotions
19 Jul 2007

Today Alfa-Bank announced its Board of Directors’ decision to promote Mr. Petr Smida to the position of First Deputy Chairman of the Board of Directors. In his new role, Mr. Smida will be primarily focused on coordinating the Board’s ongoing strategic development of Alfa-Bank, further development of the Bank’s top management, and continuing to adopt successful international standards and practices.

At the same time, the Board of Directors has decided to appoint Mr. Rushan Khvesyuk, Chairman of the Executive Board, to the position of acting Chief Executive Officer.

The Board of Directors’ decisions are aimed at strengthening the Bank’s leading position in the Russian banking market, as well as further developing the Bank’s strategic initiatives.

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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