CREDIT BANK OF MOSCOW announces new appointments


CREDIT BANK OF MOSCOW announces that on 13 April 2012 Andrew Sergio Gazitua joined Supervisory Board of the Bank and Nicholas Haag was appointed as Independent Advisor to Chairman of the Management Board.

“Both Mr. Gazitua and Mr. Haag will play a key role in increasing international capital markets engagement by the Bank, - noted Vladimir Chubar, Chairman of the Management Board, - they will be responsible for defining and providing direction for key activities of the Bank in the international financial markets as well as contributing to strategic goals implementation in this sphere. We believe their extensive experience will help the Bank to build up intelligent and efficient relationship and interaction process with its investors”.

In addition, new Non-Executive Director/Member of the Supervisory Board and Independent Advisor to Chairman of the Management Board of the Bank will advise on further strategy of the Bank in general.

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.

Nicholas Haag was 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 (now Barclays Capital) 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. Mr. Haag is also on advisory/investment committees for various UK educational institutions.

There are 6 Non-Executive Directors in the Supervisory Board of the Bank: Sandy Vaci (Hungary/Canada), Richard Damien Glasspool (UK), Genadi Lewinski (Germany), Nikolay Kosarev (Russia), Mustafa Boran (Turkey) and Andrew Sergio Gazitua (USA/UK). All of them have broad experience in finance, audit, corporate law, investment banking and other key segments of financial sector. Supervisory Board of the Bank also includes the following members: Roman Avdeev, Alexander Nikolashin, Vladimir Chubar and Anton Avdeev.