OREANDA-NEWS. On November 26, 2007 the Board of Directors of AsiaUniversalBank elected a new member- Michael Mered. This governing body is of opinion that Dr. Mered’s long-term experience will be invaluable for the Bank’s strategic management as well as for implementation of AUB’s plans concerning to foreign capital markets entry, reported the press-centre of AsiaUniversalBank. 

Accepting the invitation of the Board of Directors, Michael Mered noted: "I think, that the work at AsiaUniversalBank will be very interesting, and I hope to make my own contribution to the Bank’s development. With a great pleasure I accept the invitation to take over a post of a member of AUB’s Board of Directors since this Bank has started the realization of a new business strategy, aimed at the Bank’s more active participation in the development of the Kyrgyz society. In its activity the Bank is guided by the western banking standards; it has already undertaken some serious measures in order to increase the transparency of its activity and introduce an efficient corporate management ".

Dr. Mered possesses a long-term practical experience in work with state structures, international donor organizations as well as with a business sector. His expertise covers the areas of monetary policy and banking sector development, fiscal policy, exchange rate and trade policies, consulting on the issues of efficient implementation of structural reform measures, in particular, of privatization and civil service reforms, and other state governance related policies. Prior to joining the Board of Directors of AsiaUniversalBank Dr. Mered had worked at the International Monetary Fund (IMF) for about 25 years. In particular, from 2004 to 2006, he held the post of the Resident Representative of the IMF in the Kyrgyz Republic.

Michael Mered holds a Bachelor’s degree in economics taken at Howard University, Washington D.C., a Master’s degree in economics of growth taken at American University, Washington D.C., and a Doctorate degree in macro and microeconomics, including trade and monetary economics, taken at George Washington University. He is also the author of several publications on fiscal and monetary policies of emerging economies.

For more information on AUB’s Board of Directors, please, visit /en/about/management/board_director