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Peter Aven, President of Alfa Bank, named Russia's Most - Admired Executive in Financial Services in October 2004
21 Oct 2004

Peter Aven has been named by Institutional Investor magazine among seven Russian managers who lead the way in the post-Communist world.

Institutional Investor asked investors to identify the chief executive officers they thought best their areas of expertise. Aven was picked as best in Financial Services.

To succeed as a banking executive in a country famous for capital flight and meager public trust in institutions, Aven explains to magazine's editors, "you need common sense, you have to be prepared to take big risks, and you have to be a workaholic."

"He's an experienced professional and well-known economist with a very clean track record," says Dmitry Vinogradov, an analyst at Brunswick UBS in Moscow.

According to editors, "there is visceral energy in these guys that never stops. They want to go out in the world beyond Russia now and prove what they can do, be admired and challenged. They are going to be a very powerful force."

Alfa-Bank Russia

Alfa-Bank, 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. The Bank has 229 branches over nine time zones in Russia, Kazakhstan and the Netherlands and subsidiaries in the United Kingdom and the United States.


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