NDC Board of Directors Announces Changes in the Risk Management Committee

25 November 2008
Print version

The National Depository Center (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, announced today the acceptance by its Board of Directors of a UniCredit Bank request that its representative on the Center’s Risk Management Committee be replaced.

Alexei Andreyev, Director of UniCredit’s Strategic Risks Department, was appointed, replacing Dmitry Spryskov, Director of the bank’s Asset and Liabilities Management Department.

Membership of NDC’s Risk Management Committee now is as follows:

1 Vladislav Zimin Economic Advisor, Market Services Department, Bank of Russia
Chairman of Risk Management Committee
2 Sergei Naumov Deputy Director - Controller, NDC
Deputy Chairman, Risk Management Committee
3 Alexei Andreyev Director, Strategic Risks Department, UniCredit Bank
4 Alla Antipova Head of Department for Corporate Clients’ Credit Risks, Sberbank
5 Alexei Barbashov Director for Risk Management, MICEX
6 Maria Krasnova Head of Legal Division, NDC
7 Oleg Labutin Director of Financial Department, MICEX
8 Veronika Sorochkina Senior Manager of Department for Depository Services’ Organization and Development, VTB Bank
9 Tatiana Ulyanova Deputy Head of Department for Depository Services’ Organization in the Depository, Vnesheconombank
10 Nikolai Chemodurov Head of Directorate for Analysis and Audit of Depository Activities, GPB OJSC

NDC’s Board, meeting Nov. 25, reviewed the company’s financial results for January-September 2008 and termed them satisfactory. A report on implementation of NDC’s income and expenses budget and NDC’s capital investments budget for January-September 2008 was also reviewed. 

About NDC:

Not-for-Profit Partnership “The National Depository Center” is the largest settlement depository in Russia, servicing the full range 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, and more than 99% of stock exchange transactions with equities and OTC trades. 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 substituting numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.

Among NDC’s founders are MICEX and Bank of Russia (the founders’ shares in the property of NDC are 46.67% and 39.35% respectively, and in the votes 50.16% and 42.3% respectively). Members include GPB OJSC (Gazprombank), Evrofinans Mosnarbank, Rosbank, VTB Bank (Vneshtorgbank), Bank of Moscow, Rossiysky Credit Bank, Vnesheconombank, ING Bank Eurasia, JP Morgan Bank International LLC, UniCredit, Deutsche Bank, and Sberbank. The Partnership also has stakes in Depository Clearing Company CJSC (37.29%), in Settlement Depository Company CJSC (28.54%) and in Bank "National Clearing Centre" CJSC (0.27%).


For further information about NDC: www.ndc.ru, or NDC Public Affairs Department: +7 495 232 0910, .

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