MDM BANK PFD : MDM Bank Reinforces Management Team

1 June 2012

MDM Bank has announced a range of key appointments. Five top managers with extensive experience in banking and finance have joined the bank's management team. The principal objectives of the new appointees are: developing key business lines, developing efficient business technologies, ensuring high portfolio quality, sustainably growing the sales of banking products and improving customer service standards.

Alla Tsytovich has been appointed Vice-President of Business Development. Her primary task in the new role is to develop the Bank's product management and implement new sales technologies. Alla has 17 years of experience in the sale of financial products to corporate and retail clients in the insurance and banking sectors. To join MDM Bank, she left the post of Deputy CEO for Sales and Marketing at ROSSIA Insurance Company. In 2007-11, Alla was the Managing Director of the Retail Business at the Bank of Moscow. She held the post of Vice-President for business development at CB DeltaCredit between 2004 and 2007. Prior to the above, Alla managed corporate sales for leading insurance companies, such as ROSNO, Renaissance Insurance, and AIG.

Stanislav Danysh has been appointed Head of Operations. He will be responsible for improving current business processes and enhancing their efficiency. From 1999 to 2003, Stanislav worked successfully in finance in the US and in the information technology sector. From 2003 to 2011, he was CFO of CJSC DeltaLeasing, where he was responsible for managing IT, back and middle offices, finance and accounting.

Vladislav Vikulov has been appointed Vice-President of Organizational Development to supervise the development and implementation of MDM Bank's human resources policy, and construction of a unified internal communications system. From 1999 to 2005, Vladislav held various posts in large financial companies, progressing from analyst to head of marketing and strategic planning. From August 2005 to October 2007, Vladislav worked as a project manager at MDM Bank's strategic planning department. From October 2007, being already head of the remunerations, methodology and planning division, he participated in developing and implementing the MDM-Bank and URSA Bank merger project within a human resources context. From January 2011 to May 2012, Vladislav managed the human resources department at OTKRITIE Bank.

Svetlana Kiseleva has been appointed Vice-President, Head of the Risks Department. Her principal tasks will be constructing an efficient system for managing, monitoring and controlling risks, managing the Bank's product line, and developing its credit policy. Svetlana has 20 years of experience in risk management. From 1992, Svetlana built risk management systems and was head of the developments department at International Moscow Bank. From 2006, she was head of internal audit at UniCreditBank. Until March 2010, Svetlana held the post of Head of Risks at Sberbank. Prior to joining MDM Bank, she was an independent consultant in risk management.

Roman Vitkovsky has been appointed Vice-President of Regional Development for the Urals region and he will be responsible for the entire range of tasks in managing and improving the business efficiency of MDM Bank's Urals Territorial Bank (UTB). Additionally, Roman will supervise the process of organizing UTB's customer services and risk control and management. Roman began his banking career in 1994 at Severnaya Kazna Bank (the largest bank in Ekaterinburg before 2009), where he progressed from a credit department economist to deputy chairman of the management board. Roman was invited to join MDM Bank from Alfa-Bank, where he had been Director of Regional Sales and had achieved leadership in customer service quality among Alfa-Bank's divisions and the best intra-corporate growth dynamics in the region.

Igor Kouzine, the CEO of MDM Bank commented: "To successfully implement our client-oriented model, it is necessary to ensure efficient performance within all the Bank's divisions. Therefore, today, creating a strong management team is one of the highest priorities for our development strategy implementation. We have built a team of like-minded and successful executives who are result-oriented and capable of developing efficient business technologies and, simultaneously, growing both sales and the Bank's portfolio."