OREANDA-NEWS. On August 10, 2009  It was announced that Dr. Irina Bauer joins the Board of Directors of AsiaUniversalBank. Dr. Bauer will assume her duties in the beginning of August and will oversee the international activities of the bank, reported the press-centre of AUB. 

“Dr. Bauer has an excellent reputation and extensive banking experience in business development in CIS, Europe and America. While actively expanding in local market, we also make every effort for greater international integration of our bank. Having such a high professional on our board will certainly strengthen our international positions. Dr. Bauer has a great interest in our dynamically developing market as well as new projects, and we are certain that she will bring great value to the growth of our bank in the local market as well as internationally”, - stated Mikhail Nadel, Chairman of the Board of Directors.

“Development of the bank and boost of its relevance and competitive abilities in Central Asia requires retention of top professionals in management and Supervisory Board. In the last few years the composition of our team has notably changed. Bringing Dr. Bauer to the Board of Directors exhibits a logical and strategic continuation of our policy that involves retention of highly internationally experienced managers who also understand the specifics of the local market. The fact that she was unanimously elected speaks of her at most reputation and wide recognition in the business circles”, - said Nurdin Abdrazakov, Chief Executive.

Prior to joining of the Board of Directors of OJSC ‘ AsiaUniversalBank’, Dr. Irina Bauer held various senior management positions in the American Express Bank for about 10 years. Following acquisition of the American Express Bank by Standard Chartered Bank in 2008, Dr. Bauer was appointed CEO in Standard Chartered Bank Kazakhstan, as well as held the Senior Banker position. Her responsibilities involved all aspects of banking business, including strategic development, credit policy, compliance and risk management. Dr. Bauer holds a Doctorate Degree in Economics from the Vienna University of Economics and Business Administration. Dr . Bauer is a citizen of Austria, married, has a daughter.