OREANDA-NEWS. On September 09, 2008 The board of directors of the ZAO Raiffeisenbank has taken the decision to appoint Pavel Gurin as CEO of the bank from 30th September. The appointment will take effect following approval by the Central Bank of the Russian Federation, reported the press-centre of Raiffeisenbank.

This decision was a natural step in the further development of Raifeissenbank and ensures that the successful course taken in the last few years by the present CEO Johann Jonah and the team at a Raiffeisenbank will be continued. Pavel Gurin notified the board of directors that he has decided to take the executive management post outside of the Raiffeisen Group.

Herbert Stepic, Chairman of the Supervisory Board underlined, "Our task remains the same: to continue the outstanding track record of the Raiffeisen Group in Russia. Pavel Gurin and his team will further improve the position we gained during the past few years".
"We operate in a highly competitive environment, but I do not have any doubt that we will succeed since we have the major pre-requisite for the further successful development of Raiffeisenbank: its highly professional and motivated team from Kaliningrad to Kamchatka", Pavel Gurin added.

Pavel Gurin has been working in the bank since 1999. For the last two years he held the position of deputy CEO. Pavel Gurin has significantly contributed to the development of the bank, in particular the corporate and investment banking segment of the business.

The successor to Pavel Gurin on the board and the person who will oversee corporate business will be Oksana Panchenko. She has worked in Raiffeisenbank since 1997, and for the last six years has headed the corporate client service department. This appointment will take effect following approval by the Central Bank of the Russian Federation.