MOSCOW - The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, announced today that representatives of NDC were elected to the Board of Directors of the Central Moscow Depository OJSC (CMD) at the annual general meeting of CMD shareholders held 21 June. Altogether 12 persons were elected to CMD's Board of Directors, including Nikolai Egorov, NDC Director.
Separately, Depository Clearing Company CJSC (DCC) held its annual general meeting of shareholders on 20 June and elected a new Board of Directors. All five candidates proposed by NDC were reelected to DCC’s Board of Directors. They are Eddie Astanin, Deputy Director, NDC; Marina Medvedeva, First Deputy General Director, MICEX; Denis Soloviev, Deputy Director, NDC; Sergey Naumov, Deputy Director responsible for control, NDC, and Boris Cherkassky, Director responsible for development, NDC.
NDC currently owns a 36.96% stake in DCC.
Biographies:
Nikolai Egorov was appointed NDC’s Director on 17 December 2004. He is a graduate of the Moscow Engineering and Physical Institute. In 1992-1996 he worked at MICEX as Head of the IT Department, Technical Director and Deputy General Director, and was responsible for the unified electronic trading depository system. Until June 1999, Mr. Egorov was Deputy Chairman of the Central Bank of Russia. He was responsible for IT, telecommunications departments, and controlled activities of the Main and Inter-Regional IT Centers, Technical Center, Center of Satellite Telecommunications. In addition, he was responsible for the Bank’s IT system development, development of data bank collection and processing of the information. In June 1999-April 2003 he was Deputy General Director for IT Issues, Aeroflot. On 29 April 2003 he was appointed First Deputy General Director, MICEX. On 14 October 2005, he was appointed Senior Vice President, Member of the Board, MICEX.
Eddie Astanin was appointed Deputy Director, NDC, on 1 January 2005. He graduated from the Military Engineering Institute specializing in ballistic engineering, and also from the Financial Academy attached to the Government of Russian Federation, with a speciality in banking. He holds a PhD in technical science.
Marina Medvedeva graduated from Financial Academy attached to the Russian Government in 1982. In 1982-1991 she worked for the Ministry of Finance of the USSR and for the Ministry of Finance of the Russian Soviet Federative Socialist Republic. In 1992-1993 she was employed by the Ministry of Finance of Russian Federation as Deputy Head of the Directorate for the Federal Treasury. In 1993 she joined MICEX as Chief Economist and then was promoted to First Deputy General Director. As a MICEX representative, Mrs. Medvedeva has been involved in a number of projects related to the launch and development of the Russian stock market.
Sergei Naumov joined NDC on 1 April 1998. In October 2003 he was appointed Deputy Director responsible for control. Mr. Naumov graduated from Plekhanov Moscow Economic Institute in 1976, with a speciality in economic planning. In 1993-1998 he was working as an Auditor-Consultant, Senior Consultant and Chief Expert for Price Waterhouse; he was responsible for the implementation of the company’s contracts with Russia’s State Property Committee and FCSM.
Denis Soloviev was appointed Deputy Director, NDC, on 14 July 2003. He is a graduate of Moscow State University, with a specialty in physics, and also of Institute for International Law and Economics, with a specialty in management. Mr. Soloviev is a PhD in Law. In 2007 he also gradated from MBA course, Said Business School, University of Oxford. Before joining NDC Mr. Soloviev has been heading Department for Sales of Depository Services and Client Relations in UNEXIMBANK (later – ROSBANK) for seven years. Prior to this he has been working for Moscow branch of ING Barings.
Boris Cherkassky was appointed Director responsible for development, NDC, on 3 October 2005. He graduated from Moscow State University, with a specialty in mathematics. He is a PhD in physics and mathematics. Mr. Cherkassky has been involved in depository business from 1991 including his work for Central Bank of Russian Federation in 1993-1999.
About NDC:
Not-for-Profit Partnership “The National Depository Center” is the largest settlement depository in Russia, servicing the full range of equity securities of Russian issuers. It services 100% of transactions conducted in the federal bond market of the Bank of Russia, 95% conducted in the corporate and regional bond markets, and 90% of stock exchange share transactions. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, and 95% sub-federal and municipal bond issues. The international rating agency Thomas Murray has assigned NDC an A+ rating as a central depository. In 2006 the value of assets in storage was RUR 3.3 billion, turnover was RUR 30.7 billion, and the total number of operations 1.9 million. NDC is the largest paying agent on behalf of corporate bond issuers. It is Russia's national numerating agency, authorized to assign the international ISIN and CFI indexes. It is also a member of the international accounting infrastructure, providing settlements on the global financial markets using a direct account at Clearstream Banking S.A.
Among NDC’s founders are Bank of Russia and MICEX CJSC. Members include Bank of Russia, MICEX CJSC, OJSC Bank of Moscow, Sberbank, International Moscow Bank, JP Morgan Bank International LLC, Vneshtorgbank OJSC, Bank Rossiysky Credit OJSC, Evrofinans Mosnarbank OJSC, Rosbank, Gazprombank CJSC, ING Bank Eurasia CJSC and Deutsche Bank LLC. Recently Vneshekonombank was approved as a new member. The Partnership also has a stake in CJSC Depositary Clearing Company (36.96 %) and in CJSC Settlement Depository Company (29%).
Further information about NDC: www.ndc.ru, or NDC press service: +7 495 232 0910,