Changes in the Supervisory Board of Alfa-Bank Ukraine

News 29 december 2017 - 14:48

December 28, 2017 by the decision of the general meeting of Alfa-Bank Ukraine shareholders the composition of the Supervisory Board of the bank was changed. Martin Schwedler and Naresh Santdasani  joined the Supervisory Board of the bank.

Martin Schwedler was appointed Independent Chairman of the Supervisory Board of Alfa-Bank Ukraine. Petr Aven, who previously held the post of Chairman of the Supervisory Board, remains the member of the Supervisory Board. Other members of the Supervisory Board of Alfa-Bank Ukraine - Ilya Arkhipov, Andrew Baxter, Ernest Galiev, Ildar Karimov, were re-elected by the general meeting of shareholders for a further term.

Changes in the composition of the Supervisory Board of Alfa-Bank Ukraine are aimed at strengthening the development strategy of the financial institution. The international expertise of the new members of the Supervisory Board of the bank, Martin Schwedler and Naresh Santdasani, will help to strengthen the bank's position in the Ukrainian market and further expand the business ties of ABH Holdings S.A. with European business communities. Alfa-Bank Ukraine will continue increasing its market share in all key business segments as a universal bank with a unique international expertise and an emphasis on developing online services for clients.

Austrian banker Martin Schwedler has extensive experience in corporate finance and investment banking gained at such companies as GE Capital, Raiffeisen Investment AG and Lazard Frères Gestion.

Naresh Santdasani joined the Supervisory Board of Alfa-Bank Ukraine as representative of the shareholder ABH Ukraine Limited. Prior to this appointment, Naresh Santdasani served as group retail risk director at Alfa-Bank Russia. In addition to direct functional responsibilities, which involved control of retail business risks, Naresh Santdasani was responsible for the risk policy and strategy for all subjects of ABH Holdings S.A. to develop a consistent risk framework across the group.

Previously, Naresh Santdasani worked at the largest financial conglomerate of HSBC Holdings, he served as head of the department for banking products at the National Bank of Kuwait, and also worked for Standard Chartered Bank and Anagram Finance.

Martin Schwedler and Naresh Santdasani do not own shares in the authorized capital of Alfa-Bank Ukraine. The National Bank of Ukraine was informed in advance on changes in the composition of the Supervisory Board of Alfa-Bank Ukraine.

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Alfa-Bank Ukraine and Ukrsotsbank - universal banks with private international capital and proven reliability. For over 25 years we have provided a full range of modern banking services to individuals and legal entities and support our clients on all financial issues and in all life situations. According to the NBU classification, Alfa-Bank Ukraine and Ukrsotsbank are a group of banks of foreign banking groups.

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