OREANDA-NEWS. August 17, 2010.  "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, appointed Ekaterina Demushkina the company's Deputy Director General on 16 August. In her new position Ms. Demushkina will be supervising legal and new business issues, client relations and regional development.

About Ekaterina Demushkina

Ms. Demushkina graduated from Moscow State University in 1992 with a specialty in civil law. In 2006 she gained an MBA degree in the Russian Academy for Foreign Trade.

Ms. Demushkina has been working in Russian stock market since the moment of its formation. She took part in the development of legal and regulatory base of domestic securities market. In particular she was a member of the working group formed by the State Duma's Budget, Tax, Banking and Finance Committee for development of the securities legislation.

In 1997-2003 she was a member of the MICEX Arbitration Commission.

Ms. Demushkina has 15 years of work experience n banking sector. She worked for the Central Bank of the Russian Federation for over seven years; in 1998 she headed the Central Bank's Division for Control over Credit Organizations' Operations in Financial Market.

In 2001-2005 she worked in mortgage lending segment being a Deputy General Director of Moscow Mortgage Agency Commercial Bank. 

In 2006 Ms. Demushkina joined MICEX Group as a Deputy Chairman of the Management Board, National Clearing Center. In 2007-2010 she worked for Depository Clearing Company CJSC, a part of RTS Group, as the company's Vice President.

About NDC

"The National Depository Center" (Closed Joint Stock Company) is the largest settlement depository in Russia, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, sub-federal and municipal bond issues. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 99% of transactions conducted in the corporate and regional bond markets, the majority of transactions with equities and also services UIT units and Eurobonds. The international rating agency Thomas Murray has assigned NDC an АА- rating as a central depository. NDC is Russia's national numbering agency, and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.