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Andrey Popov will join the Management Board of Russia’s Raiffeisenbank

Andrey Popov will join the Management Board of Raiffeisenbank, and will be appointed head of the IT directorate. Currently Mr. Popov holds the post of Deputy Head of Operations & IT Directorate, responsible for IT.

The appointment will take effect upon approval by the Central Bank of the Russian Federation.

We are creating a separate IT directorate in mind of the growing influence of this sector on the banking business. The main challenges facing Andrey Popov include optimizing banking processes in the IT field and introducing new services and solutions. I am confident that his inclusion in the board will strengthen the banks position in the IT field, said Sergey Monin, hairman of the Managing Board of Raiffeisenbank.

Andrey Popov graduated from the Finance Academy under the Government of the Russian Federation in Finance and Credit in 1996. He joined the Raiffeisenbank team in June 2011. Before that, for nearly 16 years, he successfully built his career at Citibank, where he headed the banking IT department for Russia and the CIS.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 11th among the Russian banks in terms of assets, based on Q3 2012 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of liabilities of individuals and 10th with regard to consumer lending.

Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. RBI is the only Austrian bank with a presence in both the worlds financial centres and in Asia, the groups further geographical area of focus. In total, around 61,000 employees service about 14.1 million customers through around 3,100 business outlets, the great majority of which are located in CEE. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBIs shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the countrys largest banking group, and serves as the group head office of the entire RZB Group, including RBI.


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