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The Supervisory Board of the Bank

The Bank's Supervisory Board is a body subordinated to the General Shareholders Meeting. The competence of the Supervisory Board includes: convening of the annual and extraordinary General Shareholders Meeting; approval of the Management Board members; appointing the Chairman of the Management Board and making decision on early termination of his powers; defining the Bank first priority activities; making decisions on authorized share capital; making decisions on implementation of a number of transactions as provided for by the Russian Federation legislation and other questions.

Monthly Supervisory Board meetings allow to coordinate tactical purposes and tasks as well as execute monitoring of the Bank activities.

William F. Owens
INED — Chairman of the Supervisory Board
William Owens

William Owens was born on October 22, 1950 in Ft. Worth, Texas (USA). He earned a master's degree in public affairs from LBJ School at the University of Texas, and a Bachelor of Science from Stephen F. Austin State University (USA).

Mr Owens' professional career began on the consulting staff of Big Eight firm of Touche Ross & Co. (now Deloitte) and later he was also in the petroleum business. From 1995 to 1999 he held the office of Colorado State Treasurer, and then served two terms as Governor of Colorado in 1999-2007. Mr Owens served for five years (2007-2012) as an Independent Director of Far Eastern Shipping Company (FESCO), a Russian shipping, logistics and port company which is listed on MICEX-RTS. Mr Owens also served as Chair of FESCO's Strategy Committee. William Owens is presently Managing Director of Renew Strategies, a Colorado-based water and land development company, and serves on the boards of Key Energy Services (NYSE), Cloud Peak Energy (NYSE), Bill Barrett Corporation (NYSE) and Federal Signal Corporation (NYSE).

Anton R. Avdeev
Member of the Supervisory Board
Anton R. Avdeev

Born on 26 February 1988 in Odintsovo, Moscow region. Education: Moscow University for Industry and Finance. Since 2010 has occupied position of Member of the Supervisory Board. Currently acts as Deputy Vice-President of LLC "MCB Capital".

Roman I. Avdeev
Member of the Supervisory Board
Roman I. Avdeev

Born on 17 July 1967 in the City of Odintsovo, Moscow region.

Was Chairman of the Supervisory Board since August 1999 till January 2008. Member of the Supervisory Board since January 2008.

With CBM since 1994.

Vladimir A. Chubar
Member of the Supervisory Board
Vladimir A. Chubar

Born in 1980. Graduated from the Financial Academy in 2005, major –Finance & Credit. With CBM since 2004. Currently holds the position of the Chairman of the Management Board of the Bank.

Andrew S. Gazitua
INED — Member of the Supervisory Board
Andrew Sergio Gazitua

Andrew Sergio Gazitua was born in 1962 in New York, USA. In 1985, Mr. Gazitua graduated from Haverford College with a Bachelor of Arts in Political Science. He started his investment banking career in 1989 with Merrill Lynch & Co in New York, transferring to London in 1992 to work in the financial institutions group. In 1999, Mr. Gazitua joined Donaldson, Lufkin & Jenrette International (subsequently acquired by Credit Suisse) as a Senior Vice President in investment banking. After leaving Credit Suisse, Mr. Gazitua joined Putnam Lovell as a Managing Director in 2003 and subsequently rejoined Merrill Lynch & Co. in 2004 as the Chief Operating Officer for the European operations of investment banking and capital markets (or Origination). In 2007, he assumed responsibilities for Origination for Central and Eastern Europe, Middle East and Africa ("CEEMEA") and became the Chief Operating Officer for Global Origination. From 2009 to 2011, Mr. Gazitua was Head of CEEMEA Corporate and Investment Banking at Bank of America Merrill Lynch. At present, he is also on the Board of Directors of Web Financial Group, S.A. and is an advisor to Civitas Partners Limited.

Richard D. Glasspool
INED — Member of the Supervisory Board
Richard Glasspool

Born on 27 May 1956 in United Kingdom. In 1978 graduated from the University of Manchester, gained Bachelor of Arts Honors. In 1983 became a Fellow of the Institute of Chartered Accountants in England and Wales. Began his career in the auditing company Arthur Andersen&Co in London and was Finance Manager in Amersham International plc, Financial Controller in Extel plc thereafter.

For 17 years he worked at KPMG, taking up the post of adviser on Russia, Poland, Bulgaria and the Middle East, a partner at KPMG Bulgaria, a partner at KPMG Russia and CIS; was a Non-Executive Director and a member of the Board of "RESO Garantia". Also was a Non-Executive Director; Head of the Audit Committee and a member of the Board of Directors of Sobinbank.

At present holds position of Director of Bowker Glasspool Consult Ltd. and Non-Executive Director in Offshore Group Newcastle Limited.

With CBM since 2008.

Thomas G. Grasse
Member of the Supervisory Board
Thomas Grasse

Thomas Grasse was born in Ludwigshafen am Rhein, Germany, in 1955. In 1977 he earned his Bachelor in Banking from Frankfurt School of Finance and Management. He gained broad experience in commercial and investment banking while working for HypoVereinsbank, Munich (now UniCredit) from 1974-2007 in a number of senior executive managerial positions in Germany, Luxembourg and Poland. From 2007-2009 he served as CFO and COO of UniCredit Market & Investment Banking Poland, based in Warsaw. While at HypoVereinsbank he gained significant experience in Corporate Development and strategic M&A and was responsible for numerous corporate transactions with a focus on financial institutions in Germany, Austria, the UK, Russia and the CIS, as well as managing strategic partnerships and ownership in various investments. His Board experience in Russia includes Banca Intesa Russia, International Moscow Bank (now UniCredit) and a leading Russian packaging company. Since 2009 Mr. Grasse has served on various bank boards in Russia, Central Asia and the EU as an independent director on behalf of international financial institutions and institutional investors.

Thomas Grasse was delegated to the Banks Supervisory Board by the European Bank for Reconstruction and Development (EBRD).

Nicholas D. Haag
Member of the Supervisory Board
Mustafa Boran

Born in 1958 in the UK. In 1970s was educated at Eton College and in 1980 graduated from Oxford University with a 1st class degree in Modern Studies/Geography.

Mr. Haag has extensive knowledge of fund-raising (private/public) and M&A in Europe and emerging markets. Started his career in 1980 with Barclays De Zoete Wedd progressing to become Head of Equity Syndicate. Then, after several years at Nomura International he joined Paribas (now BNP Paribas) as Managing Director in equity capital markets and subsequently ran European investment banking origination and afterwards built a market-leading Technology sector banking group at Paribas. From 1999 to 2007 held top positions in Technology Banking with ING Barings and ABN AMRO (London) where he was a senior Managing Director. From 2008 to 2012 he was MD and head of UK Equity Capital Markets with Royal Bank of Scotland/Hoare Govett, inter alia in charge of all IPO activities for RBS with domestic UK and foreign companies raising capital in London.

At present Mr. Haag is a nominee of EBRD to the Supervisory Board of TBC Bank, one of top two banks in Georgia, and is on advisory/investment committees for various UK educational institutions.

Mikhail M. Kuznetsov
Member of the Supervisory Board
Mikhail Kuznetsov

Born on 20 June 1979 in Samara, Russia. Mr. Kuznetsov (Ph.D. in Economics) graduated from Samara State Economic University with a degree in management in 2001, was certified on finance and marketing at the Loyola Marymount University (USA), obtained the Institute of Directors (UK) Diploma in Company Direction, and the FCSM’s broker, dealer and asset manager certificate. He also took a certificate course in Schulich School of Business, York University, Toronto, Canada on Corporate Governance.

At various times, Mr. Kuznetsov held managerial positions in Aviacor, Lukoil-Volga, Promsviaz and International Finance Corporation (IFC). He also has board of directors experience with such companies as OMC, SG-TRANS, Partner-Invest, Volzhanka and IDGC.

Currently, Mr. Kuznetsov serves as an Independent Director on the board of OJCS "Russian meat products" and OJSC "Energosetproject". He is the CEO and managing partner of Corporate Development Advisers, and CEO of Association of Corporate Directors and Managers.

Mikhail Kuznetsov was delegated to the Bank's Supervisory Board by the International Financial Corporation (IFC).

Alexander N. Nikolashin
Member of the Supervisory Board
Alexander N. Nikolashin

Born on 16 October 1966 in Moscow.

Member of CBM's Supervisory Board since October 2008.

Mr. Nikolashin joined CBM in 2004, where he held different positions, most recently that of President. Since March 2013 when the position of President was abolished, Mr. Nikolashin has occupied the post of President of LLC "MCB Capital", a management company wholly owned by Mr. Roman Avdeev.

Bernard D. Sucher
INED — Member of the Supervisory Board
Bernard Sucher

Bernard Sucher was born in 1960 in Detroit, Michigan. While studying Russian language and the Soviet Union, he earned a bachelors degree in business from the University of Michigan. Mr. Suchers professional career in finance began in New York in 1984 with EF Hutton. Then he took on various positions with Japan specialist Cresvale and later Goldman Sachs, working in New York, London, Hong Kong and Tokyo.

In 1993, Bernie moved to Moscow, where he co-founded and helped build the investment bank Troika Dialog. From 2002, Bernie oversaw the restructuring and re-launch of Alfa Capital, one of Russias original asset management firms. From 2007 to 2010, he led Merrill Lynchs profitable re-entry into Russia, becoming Country Head following the firms acquisition by Bank of America.

Today, Mr. Sucher serves on the boards of Aton, Russias oldest independent investment bank, and UFG Asset Management, a leading international investor active in the country.

Brendan D. Walsh
INED — Member of the Supervisory Board
Brendan Walsh

Brendan Walsh was born in Glasgow, UK in 1960. In 1981 he graduated from Glasgow University with a BSc in Computer Science.

He started his career in financial services with American Express in 1983 within the audit department, before moving on to take on a series of senior positions within the Companys finance division, culminating in a role as CFO for Australia, New Zealand and the South Pacific.

Following this he moved on to take a series of general management roles within American Express travel and payments divisions. From 2000-2005 he was responsible for American Expresss International Travel and Foreign Exchange business, overseeing the development of the companys international foreign exchange network. Currently Mr. Walsh is an Executive Vice President of American Expresss Global Commercial Payments division. Mr. Walsh is also an advisor to OFGEM, the UK government regulator of the gas and electricity markets; and a member of the European Payments Council, a Brussels-based decision-making body that focuses on payments within the European banking industry.

2007-2014. General license 1978 issued by the Bank of Russia on 21 January 2013.