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-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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