DCC Appoints Alexander Chumachenko as New CEO

05 April 2013
Print version

MOSCOW - Depository Clearing Company (DCC), Russia's largest depository for shares, announces the appointment of Alexander Chumachenko to the post of the company’s CEO. He is to replace Maria Krasnova, the former CEO of DCC, who successfully completed the integration of National Settlement Depository (NSD), Russia’s central securities depository, and DCC. Ms. Krasnova will continue working as NSD’s executive responsible for legal issues, corporate governance and risk management.

About Alexander Chumachenko

In 1992, Alexander Chumachenko graduated from State University of Management named after Ordzhonikidze with a specialty in engineering and economy. In 1997 he defended a thesis “Financial strategy of a joint stock company in stock market.”

In 1994, Mr. Chumachenko began his career in Russia’s State Duma Committee for Budget, Taxes, Banks and Finance, where worked as Expert and Consultant involved in preparing draft federal laws in respect of securities and stock market.

In 1998-2005, Mr. Chumachenko held senior positions in various departments of Russia’s Ministry of Finance, including Securities and Stock Market Department, Department for State Internal Debt Management, and Department of International Financial Relations, State Debt and State Financial Assets. In 2005, he joined Moscow City Committee for Government Borrowings as Deputy Chairman.

In 2008, Mr. Chumachenko joined Sberbank where worked as Deputy Director of Treasury, Chief of Client Services in Financial Markets, Chief of Department for Retail Broker Services and Sale Network Support. He was responsible for client operations in stock market, clients’ bonds placement in domestic market, asset management and broker services.

In 2013, Mr. Chumachenko was appointed Advisor to the Chairman of the Executive Board, NSD.

About NSD

National Settlement Depository (NSD) is the central securities depository of the Russian Federation, a part of the Moscow Exchange Group. NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.

The status of central securities depository was assigned to NSD by the Russian Federal Financial Markets Service’s order on 6 November 2012.

NSD holds professional securities market participant license #177-12042-000100 for depository operations issued by the Russian Federal Financial Markets Service on 19 February 2009, and license #3294 for bank operations issued by the Central Bank of the Russian Federation on 26 July 2012.

Registered office: Building 8, 1/13, Sredny Kislovsky Pereulok, Moscow 125009, Russia.

Supplementary office "Krasnye Vorota": 12, Spartakovskaya St., Moscow 105066, Russia

For further information about NSD: http://www.nsd.ru/, or NSD Public Affairs Division: +7 495 232 0910, e-mail  

Follow us in Twitter: http://twitter.com/NSD_News 

About DCC

Depository Clearing Company (DCC) is Russia's largest settlement depository for shares. DCC provides a full range of depository and clearing services in the Russian securities market in compliance with accepted international standards.

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