OREANDA-NEWS. July 01, 2010. TransCreditBank’s Board of Directors elected Vyacheslav Mikhailov, Vice President – Director of Transportation&Communication Industry Department, member of the Management Board. The Board of Directors also resolved to apply for the Central Bank’s approval on electing Veniamin Polyantsev, Mikhail Pozhidaev, and Alexey Elagin, recently appointed Retail Business executives, new members of the Management Board. 

Mr. Polyantsev, Mr. Pozhidaev, and Mr. Elagin, who recently joined TransCreditBank, will be responsible for further development of the Bank’s retail business, including launching new retail products, enhancing retail sales and distribution, and implementing up to date retail risk management tools. The appointment of new business executives with extensive experience at Russia’s large private retail banks will help to ensure successful implementation of TransCreditBank’s strategy to become one of Russia’s largest full-service banks, providing services to all groups of retail clients, small and medium-sized businesses and large corporates. Yuri Novozhilov, TransCreditBank’s President, said: “In the medium term, we aim at becoming one of top 10 banks in Russia by main indicators”. 

Veniamin Polyantsev was appointed Director of Products and Marketing on May 31, 2010. He will also head Retail Business Directorate and oversee Retail Business segment. Prior to joining TransCreditBank, Mr. Polyantsev served as Vice President – Director of Product and Sales Department at Russian Standard Bank in 2007-2009 and Vice President, Head of Direct Retail Sales at Alfa Bank in 2005-2007. He had previously held various positions at Citibank. Mr. Polyantsev graduated from the Russian State University for the Humanities.

Mikhail Pozhidaev was appointed Director for Retail Sales and Customer Service Department on June 7, 2010. Mr. Pozhidaev will be responsible for implementing TransCreditBank’s strategy in retail sales, participate in new product development, enhance sales and distribution processes, and implement best practice in retail. Prior to joining TransCreditBank, Mr. Pozhidaev was Vice President – Director of Branch Network at Russian Standard Bank in 2008-2010, overseeing direct sales channels. He worked for Gazenergoprombank as Vice President – Head of Regional Development Directorate in 2008; for MDM Bank as First Vice President – Head of Regional Network Department in 2003-2007; held various positions at Impexbank, Russian Credit Bank, and Moscow Industrial Bank. Mr. Pozhidaev graduated from the MAMI Moscow State Technical University in 1994 and studied at the Finance Academy under the Government of the Russian Federation in 1994-1996. 

Alexey Elagin was appointed Director of Retail Risk Management on May 14, 2010. He will be responsible for retail risk management, credit procedures, soft collection, and management of fraud risk. Mr. Elagin previously served as Vice President – Director of Credit Department at Russian Standard Bank, and prior to that first Deputy Director of Credit Department. In 1999-2006, he held various positions at Home Credit and Finance Bank. Mr. Elagin graduated from the Finance Academy under the Government of the Russian Federation.