Annual Report 2014

Supervisory Board

The Supervisory Board is responsible for the general management of the Bank’s activities, except for issues that fall under the competency of the General Shareholders’ Meeting. The Supervisory Board determines the strategic priorities for the Bank’s activity and controls the functioning of the executive management bodies. According to a resolution of the 2014 General Shareholders’ Meeting, the Supervisory Board is made up of 13 members.

Alexander V. Savelyev is the Chairman of the Supervisory Board and has been a member of the Supervisory Board since 2001. Mr. Savelyev acted as Chairman of the Bank's Management Board from January 2001 to August 2014. His previous experience includes Deputy Chairman of the Management Boards of Petrovsky Commercial Bank and Baltoneximbank. Mr. Savelyev was born in 1954. He is a graduate of the Kazan Aviation Institute.

Mr. Savelyev owns 23.70% of the Bank’s ordinary shares. His holding in the Bank’s charter capital is 22.83%.

Elena V. Ivannikova is Deputy Chairman of the Supervisory Board and has worked in the Bank since 2001. Previously, she worked as the Chief Accountant at the Petrovsky Commercial Bank and Baltoneximbank. Mrs. Ivannikova was born in 1965. She is a graduate of the Kiev Institute of Peoples’ Economy.

Mrs. Ivannikova owns 0.65% of the Bank’s ordinary shares. Her holding in the Bank’s charter capital is 0.63%.

Susan Gail Buyske joined the Bank's Supervisory Board in April 2012. Mrs. Buyske has served as a non-executive director and risk and audit committee chair for a number of banks, as well as consulting on financial sector development issues for the World Bank, IFC, and others. She also was a Vice President at JPMorgan Chase. Mrs. Buyske was born in 1954. She is a graduate of Middlebury College, Princeton University and Columbia University, and holds a PhD in political science.

Mrs. Buyske owns no Bank shares.

Andrey P. Bychkov has been a member of the Supervisory Board since April 2010. At present, Mr. Bychkov is the Deputy Director of the Financial Institutions Department at the Bank of Development and Foreign Trade (Vneshekonombank) State Corporation. Mr. Bychkov was born in 1961. He is a graduate of Moscow State University and the Russian Academy of Economics.

Mr. Bychkov owns no Bank shares.

Vladimir A. Garyugin was a member of the Bank’s Supervisory Board from November 1990 to May 2004. He has held this position again since May 2005. Mr. Garyugin has been the CEO of the State Unitary Enterprise “St. Petersburg Metropoliten” since January 1990 and a Board Member of OJSC “Metrostroy” since June 2008. Mr. Garyugin was born in 1950. He graduated from the Leningrad Institute of Railway Transport Engineers.

Mr. Garyugin owns 0.01% of the Bank’s ordinary shares. Mr. Garyugin’s holding in the Bank’s charter capital is 0.01%.

Alexey A. Germanovich has been a member of the Supervisory Board since June 2014. Mr. Germanovich currently acts as Advisor to CEO of Upravleniye Investitsiyami CJSC and is a member of the Management Board of St. Petersburg State University Development Endowment Fund and Boards of Directors of State Transport Leasing Company OJSC and Irkutsk International Airport OJSC. Mr. Germanovich was born in 1977. He is a graduate of Moscow State University and Cranfield University (UK).

Mr. Germanovich owns no Bank shares.

Vladislav S. Guz is the Chairman of the Management Board and has been a member of the Supervisory Board since June 2014. Mr. Guz acted as First Deputy Chairman of the Management Board since 2009, Deputy Chairman of the Management Board – since 2004. His previous experience includes working in the St. Petersburg branch of Alfa-Bank as First Deputy Director of the branch and Executive Director (from December 1996 till September 2003). Mr. Guz was born in 1967. He is a graduate of the Leningrad State University. Mr. Guz holds a Ph.D. in economics.

Mr. Guz owns no Bank shares.

Andrey T. Ibragimov has been a member of the Bank’s Supervisory Board since December 2005. He has also been a member of the Audit Committee since September 2007. From July 2002 to April 2004, Mr. Ibragimov worked in the capacity of the Bank’s Deputy Management Board Chairman and was the Director of the Legal Department. Currently, Mr. Ibragimov is the General Director of Musin, Ibragimov and Partners law firm. Mr. Ibragimov was born in 1954. He is a graduate of the KGB Higher School.

Mr. Ibragimov’s holding in the Bank’s charter capital is 0.0000022%.

Felix V. Karmazinov has been a member of the Supervisory Board since May 2006. He currently holds the post of General Director of the State Unitary Enterprise Vodokanal of St. Petersburg. He is also a Professor for the Water Discharge and Ecology Department at St. Petersburg State Architectural and Construction University and is Professor for the Water Conservation and Life Safety Department at the St. Petersburg State University of Water Communications. He heads up the non-profit partnership the National Union of Water Utilities; he is the Chairman of the Board of the BALTVOD Association and is a member of the Coordinating Board for the non-profit partnership the Russian Water Society. Mr. Karmazinov was born in 1943. He is a graduate of the Leningrad Institute of Water Transport.

Mr. Karmazinov owns no Bank shares.

Nina V. Kukuruzova is a member of the Supervisory Board, the advisor to the Chairman of the Management Board and has worked in the Bank since September 1999. She has also been a member of the Audit Committee since September 2007. Her other positions include: member of the Bank’s Management Board (2001-2005), First Chairperson of the Management Board (2001-2003), and Chairperson of the Bank’s Supervisory Board (2002-2005). She currently holds the post of the Director of the Palace of Culture for Education in St. Petersburg. Mrs. Kukuruzova was born in 1947. She is a graduate of the Higher School of Trade Unions, the All-Union Central Council of Trade Unions, and the International Academy of Science and Arts, and holds a Ph.D. in economics.

Mrs. Kukuruzova owns no Bank shares.

Marlen G. Manasov has been a member of the Supervisory Board since April 2013.Mr. Manasov presently holds the position of President of the Downside Up Charity Fund Non-Profit Organization and is a member of the Board of Trustees of Tyoply Dom Children's Charity Fund and the Boards of Directors of Sovcomflot OJSC, Aeroflot Russian Airlines OJSC and the Russ-Invest Investment Company OJSC. Mr. Manasov was born in 1965. He is a graduate of Moscow State University.

Mr. Manasov owns no Bank shares.

Alexander I. Polukeyev was a member of the Bank’s Supervisory Board from December 2005 to April 2008. He has held this position again since June 2014. From May 2006 to February 2009, he held the position of Vice Governor of St. Petersburg. Mr. Polukeyev was born in 1948. He is a graduate of Riga Civil Aviation Engineering Institute and North-West Academy of Public Administration. Mr. Polukeyev holds a Ph.D. in economics.

Mr. Polukeyev’s holding in the Bank’s charter capital is 0.0000022%.

Alexander V. Pustovalov joined the Bank's Supervisory Board in April 2012. He has been Chairman of the Audit Committee since April 2013. In 1992–2005, Mr. Pustovalov worked for the Industry and Construction Bank (which later became VTB North-West), successively serving as Head of Department, Director, and the Management Board Chairman. Starting in 2005, he held the position of Vice President at OJSC "Bank of Moscow". Between 2008 and 2012, Mr. Pustovalov was Deputy Chairman of the Management Board at the Northwest Bank of the Savings Bank of the Russian Federation (Sberbank). Current positions: CEO and member of the Board of Directors of Evolyutsiya Investment Group CJSC, Chairman of the Board of Directors of Malaya Okhta Management Company LLC. Mr. Pustovalov was born in 1967. He is a graduate of St. Petersburg State University.

Mr. Pustovalov owns no Bank shares.

In accordance with corporate governance best practices, the Board includes 4 independent directors: Alexey A. Germanovich, Marlen G. Manasov, Alexander I. Polukeyev, Alexander V. Pustovalov. These directors positively contribute to the Board’s functioning with their experience and professionalism.

Throughout 2014, members of the Supervisory Board made the following transactions with the Bank's shares:

  • In 4Q 2014 Mr. Alexander V. Savelyev acquired from the Bank 8 791 070 ordinary shares which had been repurchased, pursuant to Articles 75 and 76 of Federal Law No. 208-FZ "On Joint Stock Companies" of December 26, 1995.
  • Mrs. Nina V. Kukuruzova ceased to be the Bank's shareholder after selling 74 407 ordinary shares on the secondary market.
  • DETERMINATION CRITERIA AND REMUNERATION FOR MEMBERS OF THE SUPERVISORY BOARD

    Based on a decision of the General Shareholders Meeting, members of the Bank’s Supervisory Board may be entitled to remuneration and compensation for costs related to performing their functions as members of the Supervisory Board. This remuneration and compensation is set by the General Shareholders’ Meeting.

    According to a resolution of the General Shareholders’ Meeting held on June 19, 2014, remuneration paid to members of the Supervisory Board for the year 2013 stood at RUB 29.7 mln. Audit Committee and Risk Management Committee members' participation in their relevant Committee meetings was also factored in when calculating the remuneration amounts for the members of the Supervisory Board.

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