MOSCOW – National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, announces an appointment of Andrei Gavrilov as the new Director of the company’s Legal Unit. Mr. Gavrilov will be involved in the process of NSD and DCC integration; in particular, he will be responsible for merging legal units of the two companies.
About Andrei Gavrilov
Andrei Gavrilov graduated from Moscow State Law Academy. He has over 15 year legal experience. Mr. Gavrilov joined DCC in 2006 as Director for Legal Affairs. Prior to this, he worked at CenterInvest Group.
National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the MICEX-RTS Group, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers and providing settlement services to participants in financial markets of the Russian Federation.
NSD 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, the majority of transactions with equities and also services UIT units and securities of foreign issuers.
In accordance with agreements concluded between NSD and the Bank of Russia, NSD acts as a settlement center for the organized securities market.
NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
Depository Clearing Company (DCC) is Russia's largest settlement depository for shares. DCC provides a full range of settlement and depository services in the Russian securities market in compliance with accepted international standards.