Aggregated News From Investment Management Regulators

Mikhail Alekseev appointed Deputy Bank of Russia Governor effective 12 October

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Mikhail Alekseev will be responsible for the activities of the Cash Circulation Department and ROSINKAS. It is planned to appoint him Chairman of the Board of Directors of the FBSC Asset Management Company.

According to Bank of Russia Governor Elvira Nabiullina, the Bank of Russia is interested in attracting Russian financial industry professionals: ‘Mikhail has vast and successful experience both in the banking business and in the public service. His appointment will help develop the Russian cash circulation system, improve the quality of management of banks operated by the FBSC Asset Management Company, promote their presale preparation and delivery to potential investors’.

Mikhail Alekseev commented on his appointment: ‘After nearly thirty years of working in commercial banking business, I was happy to return to public service and join the Bank of Russia team. I will use all my knowledge and skills to prove that I am worthy of the confidence that was placed in me’.

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Regulator Information

Abbreviation: CBR
Jurisdiction: Russian Federation

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