OREANDA-NEWS. November 3, 2011. Starting today, Otkritie FC General Director Vadim Belyaev will assume the position of Chairman of the Board of Directors of the investment bank Otkritie Capital. Roman Lokhov will become First Deputy Chairman of the Board of Directors of Otkritie FC, while Mikhail Belyaev will take office as Otkritie Bank President.

Vadim Belyaev will become Chairman of the Board of Directors of Otkritie Capital. Other members of the Board include Igor Vayn, Dmitry Romaev, and Alexey Karakhan. Igor Vayn will assume the position of Chief Business Officer, and will be responsible for consolidating the activities of all the company’s business. Dmitry Romaev will be in charge of the risk management, finance and operations block, while Alexey Karakhan will be responsible for communications, HR, and Corporate Services.  Howard Snell was named the new CEO of the British company Otkritie Securities Limited (OSL). He will report to Vadim Belyaev.     

Otkritie Capital General Director Roman Lokhov will now serve as First Deputy Chairman of Otkritie’s FC Board of Directors, and will be responsible for the formation and development of unified approaches in the work with the Corporation’s main clients. He will also join the Board of Directors of Otkritie Capital. In his new position, he will supervise the activities of all of the Corporation’s selling divisions, working with major private, corporate, institutional, and international clients.

A new position will be introduced in Otkritie Bank – that of Bank President – a post that will be filled by Mikhail Belyaev. This appointment is due to the fact that Mikhail was responsible for Otkritie Bank’s strategic development, and in his new function he will take up the task of strategy implementation. In addition, Mikhail has been nominated for the position of Chairman of the Bank’s Board of Directors.  

“The restructuring of our business lines is aimed at enhancing the efficiency of the main processes inside our Corporation. Thus far, we have managed to achieve extremely ambitious goals – to form a Bank that has become one of Russia’s TOP-30; to create a robust investment business; and to acquire an insurance company. Now, in order to continue our success, we need to shift our focus from extensive development to consistent implementation of each of the strategic tasks of our business. These modifications in the management structure will help to enhance the performance of each business comprised by the Corporation”, emphasized Vadim Belyaev.