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A member of Raiffeisenbank management board has been appointment Mr. Arndt Roechling

The Supervisory Board of ZAO Raiffeisenbank has approved the appointment of the Head of the Financial Controlling Division Mr. Arndt Roechling to the bank’s Management Board. The appointment becomes effective upon approval by the Bank of Russia. In his new capacity Mr. Roechling will be responsible for the day to day business of the Finance Directorate.

The CEO of Raiffeisenbank Mr. Pavel Gurin commented, «We are happy to welcome yet another professional whose expertise and profound experience will help shape and implement the bank’s strategy».

Arndt Roechling was born in 1967 in Germany. He has been working for Raiffeisenbank since 2001 when he joined RZBs investment banking unit. In 2004-2005 he was one of the project managers for Raiffeisen International's IPO, leading to RI being listed on the Vienna stock exchange. In October 2005 he received his first assignment in a CEE country and was sent to Kyiv in Ukraine. He worked almost 5 months in Bank Aval's integration office. In June 2006, he was delegated to Raiffeisenbank in Russia as Head of the Integration Office. With Mr. Roechling at the helm, the integration office team made a significant contribution to the successful merger of JSC IMPEXBANK and ZAO Raiffeisenbank Austria in the autumn of 2007. Since November 2007 he has been in charge of financial controlling.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is ranking 9th in terms of assets among the Russian banks based on 1H 2009 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 4th in Russia in terms of private deposits and 6th in consumer lending in Russia based on 1H 2009 results.

Raiffeisen International operates one of the largest banking networks in CEE. 17 markets in Europe's growth region are covered by subsidiary banks, leasing companies and a range of other financial service providers. The group’s more than 62,000 employees service over 14.9 million customers via more than 3,200 business outlets. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns about 70 per cent of the common stock. The remainder is in free float, the shares are listed on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country's largest banking group.


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