The National Depository Center (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, announced today that Nikolay Egorov, Director, NDC, and Eddie Astanin, Deputy Director, NDC, have been elected to the new Board of Directors for the Settlement depository company (Closed Joint Stock Company) (SDCO (CJSC)). The election of the new Board was conducted at Settlement depository company's annual general meeting of the shareholders held June 9.
NDC currently owns 28.54% in SDCO (CJSC).
Nikolay Egorov 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. From 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 16 Dec., 2004 he was appointed NDC Director. On 14 Oct., 2005, Mr. Egorov was appointed Senior Vice President, Member of the Board, MICEX.
Eddie Astanin is the NDC Deputy Director responsible for operational management with regard to business processes, corporate development, technologies and financial and administrative activities. He has held the position since 1 January, 2005. He graduated with honors from the Military Engineering Institute named after A.F. Mozhayskiy and the Financial Academy of the Russian Federation Government. He is a Ph.D. in Technical Sciences. From 1994 till 2004 he held different positions in MICEX, came his career way from the Head of trading organization office to the Director of Government Securities and Money Market Instruments Department.
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» (OJSC JSCB), JSC VTB Bank (Vneshtorgbank), Bank of Moscow, JSC «ROSSIYSKIY KREDIT BANK, Vnesheconombank, ING BANK (EURASIA) ZAO, JP Morgan Bank International LLC, ZAO UniCredit Bank, 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 Division: +7 495 232 0910, .