21.08.2014

Alexander Savelyev Elected Chairman of the Supervisory Board of Bank Saint Petersburg, Vladislav Guz Appointed Chairman of the Bank's Management Board

On August 21, 2014 the Supervisory Board of Bank Saint Petersburg elected Alexander Savelyev  to the position of Chairman of the Supervisory Board. On the same date Mr. Savelyev resigned from the office of Chairman of the Bank's Management Board which he continuously held for 13 years.

By resolution of the Supervisory Board, the Management Board of Bank Saint Petersburg will now be chaired by Vladislav Guz  who has held various positions with the Bank for more than 10 years: since 2004 as Deputy Chairman of the Management Board, and since 2009 as First Deputy Chairman of the Management Board. He is also a member of the Bank's Supervisory Board. Mr. Guz was supervising BSPB's cooperation with its largest corporate customers and the Bank's Moscow-based business.

As part of the actions taken to improve the corporate governance system, the Bank's Supervisory Board passed the resolution reorganizing the Bank's Internal Control Service into Internal Audit Service. The functions of this Service are overall verification and assessment of efficiency of the Bank's internal control system as well as control over implementation of resolutions made by the Bank’s management bodies and corporate governance quality control.

In addition, by resolution of the Supervisory Board on October 1, 2014 the Bank will set up the Compliance Service intended to manage its regulatory risks.

Background information:

Alexander Savelyev has been a member of the Supervisory Board since 2001 and acted as Chairman of the Bank's Management Board from January 2001 to August 2014. Mr. Savelyev has an extensive professional experience of working as Deputy Chairman of the Management Board of Petrovsky Commercial Bank and Baltoneksimbank. He was born in 1954. He is a graduate of the Kazan Tupolev Aviation Institute.

Vladislav Guz has been a member of the Supervisory Board since June 2014; he was appointed First Deputy Chairman of the Management Board in 2009 and Deputy Chairman of the Management Board in 2004. From December 1996 to September 2003 he worked for the St. Petersburg Branch of Alfa-Bank as First Deputy Director of the Branch and Executive Director. Mr. Guz was born in 1967. He is a graduate of the Leningrad Zhdanov State University. Mr. Guz holds a Ph.D. in economics.

Tags: IR News