OREANDA-NEWS. On June 05, 2008 Mr Petr Baron was appointed as Chairman of the Management Board of VAB Bank, reported the press-centre of VAB Bank.

The respective approval has been made by the National Bank of Ukraine on 29 May 2008. Mr Petr Baron is replacing Mr Petr Rasocha who left the position of Chairman of the Management Board due to family reasons.

Mr. Baron joined VAB in 2003 as a member of the Supervisory Board of the Bank. Later he took the position of the First Vice-President of VAB Bank and in 2007 was appointed as CEO of VAB Group. He has 10 years of banking experience working in Russia and Macedonia and Ukraine. He has a degree in Investment and Financial Risk Management from CITY University Business School.

“On behalf of all the shareholders I express confidence that Petr Baron will be able to accomplish all the strategic tasks set before the Bank and the Group ”, — said President of VAB Bank Mr Sergey Maksimov.