NSD Supervisory Board Nominates Eddie Astanin as Chairman of Executive Board and Approves Strategic Risk Management Regulations

22 April 2014
Print version

On 22 April, the Supervisory Board of National Settlement Depository (NSD), Russia’s central securities depository, nominated Eddie Astanin as a candidate for the chairmanship of the company’s Executive Board and included his name in the list of candidates to be voted on at the 2014 Annual General Meeting.

The members of the Supervisory Board passed a number of important resolutions in respect of the company’s risk management system. In particular, the Supervisory Board approved Strategic Risk Management Regulations, set the maximum allowable aggregate risk level for 2014 and approved a list of unacceptable risks for NSD.

The Supervisory Board considered NSD’s Report on operating results for 1Q 2014, its Income, Expenditures and Profit Budget for 2013, and Capital Investments Budget for 2013.

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