OREANDA-NEWS. December 1, 2009. “The National Depository Center” (Closed Joint Stock Company) (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, announced today the election of Eddie Astanin as the company's new Director General. The appointment was approved by an extraordinary general meeting of shareholders held on 27 November.

Eddie Astanin said in his comments on the election: "NDC's shareholders have set the company's main development tasks for the short and long term in line with MICEX Group’s development strategy. It includes provision of high operational reliability in the course of integration of the NDC and MICEX Settlement House businesses, efficient resolution of corporate development issues connected with the integration, and dynamic technological progress providing for implementation of new settlement services either in the securities market or in the foreign exchange and precious metals markets." 

NDC's general meeting of shareholders approved the early termination of the authority of Nikolay Egorov, NDC Director General, based on his letter of resignation and in accordance with a decision of NDC's Board of Directors of 20 October, 2009 including this issue in the general meeting's agenda. The decision was made in line with the Russian regulator's prohibition on a credit institution chief holding overlapping posts in the future merged company (representing a credit institution). In connection with this Mr. Egorov, as a Senior Vice President and a member of the Executive Board of MICEX, will focus on the MICEX Group's strategic development including improvements at MICEX Group's operational and technological units.

NDC's shareholders also approved Deloitte & Touche CIS to conduct the RAS and IFRS audit.