Alfa-Bank Ukraine Leadership Changes

News 08 august 2019 - 10:30

Ivan Svitek took decision to resign from the post of general manager of Alfa-Bank Banking Group Council and will leave the united Alfa-Bank Ukraine and Ukrsotsbank in October 2019 after the completion of the unique project to consolidate and transform the banking assets of ABH Holdings in Ukraine and the legal merger of two large Ukrainian banking structures.

Ivan Svitek, is a top-level manager with extensive experience in the financial sector in the countries of the European Union, Eastern Europe and Latin America, he headed the team of Alfa-Bank Ukraine in February 2017. In February 2018, he was appointed Chairman of the Board of Ukrsotsbank.

Under the leadership of Ivan Svitek, Alfa-Bank Ukraine and Ukrsotsbank underwent unique for the Ukrainian market transformation, which resulted in the profitable activities of Alfa-Bank Ukraine, significant reduction in the NPL and non-core assets portfolio, strengthening the position of the united bank in SME and retail business. In 2017, Alfa-Bank Ukraine started introduction of innovative corporate culture and active cooperation with representatives of the fintech infrastructure.

Rafal Juszczak will succeed Ivan Svitek in the position of general manager of Alfa-Bank Ukraine. Since 2015 Rafal Juszczak served as СEO of Alfa-Bank CJSC (Belarus), and in April 2019, he was appointed a member of the Supervisory Board of Alfa-Bank Ukraine. Rafal Yushchak has over 22 years of experience on senior positions in various banking institutions. He headed the boards of directors and managed a number of financial organizations, including Polish bank PKO Bank Polski and the First Ukrainian International Bank.

“We highly appreciate Ivan’s contribution to the transformation and growth of the group’s bank, which will undoubtedly lead to the creation of the largest private player in the Ukrainian financial market. This management change will support our group ambitions in the struggle for leadership on the national market”, said Petr Aven, Chairman of the Board of Directors of ABH Holdings S.A., Member of the Supervisory Board of Alfa-Bank Ukraine.

Information about the bank:

Alfa-Bank Ukraine is a major Ukrainian commercial bank with international capital. The bank was established in 1992, since 2006 it is part of the private investment holding company ABH Holdings S.A. headquartered in Luxembourg. The Bank holds leading positions in all segments of the banking market, is one of the most sustainable and reliable banks in Ukraine and is among the top 10 financial institutions in terms of assets, according to the NBU.