Management BoardManagement Board

In 2020–2021, Svyatoslav Ostrovsky (30 June 2020) joined the Management Board The members of the Management Board and their biographies are presented as of 31 December 2020. of VTB Bank as a member of the Management Board.

Education:

Candidate of Economic Sciences
1979 — Lomonosov Moscow State University, Economics Department

Professional activities:

Since 2002 — President and Chairman of VTB Bank’s Management Board
1996–2002 — Chairman of Vnesheconombank

Positions in other organisations:

  • Chairman of the Supervisory Council of the Russian Gymnastics Federation
  • Member of the Supervisory Council of Post Bank, the Russian Volleyball Federation and the Kurchatov Institute
  • Member of the Board of Directors of VTB Capital, VTB Capital Holding, VTB Capital IB Holding, Russian Post and Rostelecom
  • Member of the Bureau of the Board of the Russian Union of Industrialists and Entrepreneurs and of the Russian Union of Industrialists and Entrepreneurs Russian Employers Association
  • Chairman of the Board of Trustees of the Bolshoi Theatre
  • Member of the Board of Trustees of the Foundation for Supporting and Developing Physical Culture and Sport, the Sports Federation Dynamo Hockey Club, the Financial University under the Government of the Russian Federation, Lomonosov Moscow State University, St. Petersburg State University, Friends of the Russian Museum Development Fund, the Moscow State Institute of International Relations (MGIMO), the Charitable Foundation for the Restoration of the Resurrection New Jerusalem Monastery, the Mariinsky Theatre, the I.K.O. Centre, the State Primorsky Opera and Ballet Theatre, the National Coordination Centre for Developing Economic Cooperation with the Countries of the Asia-Pacific Region, the Deaf–Blind Support Fund, the Russian Geographical Society, the Nauka-Detyam Foundation, the Russian Children’s Foundation, the Yevgeny Primakov High School and the National Intellectual Development Foundation
  • Member of the Supreme Council of the United Russia political party
  • Member of the Presidium of the non-profit partnership National Council on Corporate Governance
  • Member of the Council of the Association of Russian Banks and the I Am a Professional Association
  • Member of the Public Council under the Russian Finance Ministry

Ownership of shares in the Bank as of 31 December 2020:

% of ordinary shares ► 0.00183%
% of the charter capital ► 0.00036%

Education:

1998 — Lomonosov Moscow State University, specialisation in jurisprudence, with a qualification to practise as a lawyer

Professional activities:

Joined VTB Bank in 2002. Since February 2018, First Deputy President and Chairman of the Management Board
Before February 2018, held the following positions: Deputy President and Chairman of the Management Board, in the Bank’s Legal Department: Deputy Head of Department, Head of Department, Vice President (Head of Department), Senior Vice President (Head of Department)
1999–2002 — Member of the Moscow City Bar Association

Positions in other organisations:

  • Chairman of the Board of Directors of VTB Debt Centre, BM-Bank, Dynamo Management Company, SG-Development and Vozrozhdenie Bank

$Ownership of shares in the Bank as of 31 December 2020:

% of ordinary shares ►0.00030%
% of the charter capital ► 0.00006%

Education:

1994 — Plekhanov Russian University of Economics, degree in economics with a specialisation in international economic relations
2002 — London Business School, Master of Business Administration (MBA)

Professional activities:

Joined VTB Bank in 2008. Since June 2012, First Deputy President and Chairman of the Management Board
Prior to June 2012, held the following positions: Senior Vice President, President of VTB Capital
2006–2008 — Head of Investment Banking, First Deputy Chairman of the Management Board, Deutsche Bank
2002–2006 — Director, Head of Eastern European Operations at Deutsche Bank, London

Positions in other organisations:

  • Chairman of the Board of Directors of Dynamo Moscow Football Club and VTB Leasing; member of the Board of Directors of VTB Capital, VTB Capital Holding, VTB Capital IB Holding, VTB Capital Investment Management Holding AG, VTB Capital Private Equity Holding AG, Sogaz, United Grain Company and Demetra-Holding

Ownership of shares in the Bank as of 31 December 2020

% of ordinary shares ► 0.01819%
% of the charter capital ► 0.00362%

Education:

1996 — St. Petersburg State University of Economics and Finance, degree in economics with a specialisation in national economy

Professional activities:

Joined VTB Bank in 2006. Since November 2011, member of the Management Board; Before November 2011, Head of North-Western Regional Centre; Senior Vice President, Chairman of the Management Board, First Deputy Chairman of the Management Board, Deputy Chairman of the Management Board of VTB Bank North-West; Deputy Head of Vneshtorgbank’s St. Petersburg branch
2004–2006 — Advisor to the General Manager and Deputy General Manager of Guta-Bank, North-West branch
1996–2004 — Consultant with the Liquidity Management Department, Consultant with the Transfer Operations Department, Consultant with the Department of Financial Instruments, Senior Consultant with the Brokerage Department, Chief Acquiring and Authorisation Expert, Head of the Acquiring and Authorisation Department at Industry and Construction Bank

Positions in other organisations:

  • Chairman of the Board of Directors, VTB Bank (Belarus), VTB Bank (Kazakhstan), West Siberian Commercial Bank
  • Member of the Board of Directors of VTB Capital Holding and of Vozrozhdenie Bank
  • Chairman of the Supervisory Council of VTB Bank (Azerbaijan)
  • Member of the Board of the Leningrad Regional Chamber of Commerce and Industry
  • Member of the Board of Trustees of the Federal State Budget Institution of Higher Professional Education St. Petersburg State University of Economics

Ownership of shares in the Bank as of 31 December 2020

% of ordinary shares ► 0%
% of the charter capital ► 0%

Education:

1987 — Plekhanov Russian University of Economics, degree in economics and mathematics with a specialisation in economic cybernetics
2014 — Russian Presidential Academy of National Economy and Public Administration, Information Technologies in Public Administration programme

Professional activities:

Joined VTB Bank in 2016. Since July 2016, Deputy President and Chairman of the Management Board.
2007–2012 — Member of the Management Board
2012–2016 — Deputy Minister of Economic Development of the Russian Federation and Head of the Federal Agency for State Property Management
2007–2012 — Member of the Management Board of VTB Bank
1994–2007 — General Director of Microsoft Rus, President of Microsoft Russia and CIS countries

Positions in other organisations:

  • Director of the Higher School of Management at St. Petersburg State University
  • Member of the Board of Trustees of the Higher School of Management at St. Petersburg State University, the Russian Academy of Education, the Anatoly Sobchak International Banking Institute and the National Research University Higher School of Economics
  • Member of the Management Board of the Forum Analytical Centre non-profit foundation
  • Member of the Supervisory Council of the Artificial Intelligence in Industry World-Class Scientific and Educational Centre

Ownership of shares in the Bank as of 31 December 2020

% of ordinary shares ►0.00000147%
% of the charter capital ►0.00000029%

Education:

1995 — Mendeleev Russian University of Chemical Technology, degree in chemical engineering technology with a specialisation in chemical technology for advanced energy materials

Professional activities:

Joined VTB Bank in 2019. Since October 2019, Deputy President and Chairman of the Management Board
September–October 2019 — Advisor to the President and Chairman of the Management Board
2017–2019 — Deputy Chairman of the Management Board of Gazprombank
2017 — Member of the Management Board, First Deputy Chairman of the Management Board of Otkritie Holding
2012–2017 — Member of the Management Board, Deputy Chairman of the Management Board of Sberbank of Russia

Positions in other organisations:

  • Director of the Centre for Digital Competencies of the Russian Presidential Academy of National Economy and Public Administration
  • Member of the Board of Directors of the National Clearing Centre
  • Member of the Supervisory Council of the Russian National Reinsurance Company and of the FinTech Development Association
  • Member of the Board of Directors of VTB Capital Holding

Ownership of shares in the Bank as of 31 December 2020

% of ordinary shares ► 0%
% of the charter capital ► 0%

Education:

2005 — Russian Academy of Public Administration under the President of the Russian Federation, degree in management with a specialisation in state and municipal administration
1982 — Novosibirsk Agricultural Institute, degree in agronomy

Professional activities:

Joined VTB Bank in 2002. Since August 2016, Deputy President and Chairman of the Management Board. Since December 2008, Member of the Management Board. Before 2008, Head of the First Corporate Business Division and Senior Vice President, Senior Vice President and Head of Mid-Size Business in the First Corporate Business Division, Senior Vice President of the First Corporate Business Division, Vice President and Head of Large Corporate Business in the Fourth Corporate Business Division, Vice President; Counsellor to the President and Chairman of the Management Board
2001–2002 — Chairman of the Council of Experts in Project Financing and Forecasting at Lanta-Bank
1994–2002 — Head of the State Programmes Division, Head of the Foreign Economic Relations Division in the Administrative Directorate of the President of the Russian Federation

Ownership of shares in the Bank as of 31 December 2020

% of ordinary shares ► 0.00046%
% of charter capital ► 0.00009%

Education:

1992 — Moscow Engineering Physics Institute, degree in engineering physics with a specialisation in automation and electronics of physical installations

Professional activities:

Joined VTB Group in 2003. Since July 2017, Deputy President and Chairman of the Management Board of VTB Bank
2010–2017 — Deputy President and Chairman of the Management Board of VTB24
2006–2010 — Senior Vice President, Director of the Mortgage Lending Department at VTB24
2003–2006 — Head of the Mortgage and Consumer Lending Department at Vneshtorgbank
2001–2003 — Head of the Credit Department, Deputy Chairman of the Management Board of DeltaCredit Bank

Positions in other organisations:

  • Chairman of the Board of Directors of VTB Pension Fund and of Sarovbusinessbank
  • Deputy Chairman of the Board of Directors of Vozrozhdenie Bank and of West Siberian Commercial Bank
  • Member of the Board of Directors of VTB Capital Holding
  • Member of the Supervisory Council of Post Bank
  • Member of the Strategic Planning Committee of the Supervisory Council of DOM.RF

Ownership of shares in the Bank as of 31 December 2020

% of ordinary shares ► 0.00001135%
% of the charter capital ► 0.00000226%

Education:

1999 — Russian Foreign Trade Academy of the Ministry of Trade of the Russian Federation, degree in economics (with a foreign language), with a specialisation in global economy
1996 — Lomonosov Moscow State University, degree in philosophy, with a qualification to teach philosophy
2007 — London Business School of the University of London, Master of Business Administration (MBA)

Information about academic degrees:

Candidate of Economic Sciences (Decision No. 1 of the dissertation council of the IMEMO Institute of the Russian Academy of Sciences dated 9 February 2000)

Professional activities:

Joined VTB Bank in 2013. Since November 2015, Member of the Management Board. Before November 2015, Head of the Risk Department and Senior Vice President
2009–2013 — First Vice President, Director of the Strategic Risk Department, Director of the Restructuring and Bad Loan Department, UniCredit Bank
2008–2009 — Member of the Management Board, Russian Standard Bank
1999–2008 — Executive Director of the Retail Sales and Private Banking Services Department, Head of the Department for Legal Entities, UniCredit Bank (until 26 December 2007, International Moscow Bank; until 28 September 2001, Bank Austria CreditAnstalt)

Positions in other organisations:

  • Member of the Supervisory Council of VTB Bank (Georgia)
  • Member of the Board of Directors of BM-Bank and of Vozrozhdenie Bank
  • Member of the Board of VTB Bank (Armenia)

Ownership of shares in the Bank as of 31 December 2020

% of ordinary shares ► 0%
% of the charter capital ► 0%

Education:

2001 — Academy of National Economy under the Government of the Russian Federation, degree in economics with a specialisation in finance and credit
1976 — Lomonosov Moscow State University, degree in economics and mathematics with a specialisation in economic cybernetics
2001 — Academy of National Economy under the Government of the Russian Federation, Executive Master of Business Administration (EMBA) with a specialisation in banking management

Information about academic degrees:

Candidate of Economic Sciences (decision of the council at the Central Economics and Mathematics Institute of the Academy of Sciences of the Soviet Union, Minutes No. 1 dated 7 February 1983)

Professional activities:

Joined VTB Bank in 2002. Member of Management Board from 2002 to 2007 and since September 2009
2007–2009 — Senior Vice President, member of the Management Board of Nomos-Bank
2002–2007 — Vice President, Senior Vice President, member of the Management Board of Vneshtorgbank
1999–2002 — Development Director, Development and Strategic Planning Director, USSR Bank for Foreign Economic Activities
1999 — Head of the Department for Calculation of the Tax Base and Tax Revenue Planning of the Russian Ministry of Taxes and Duties

Positions in other organisations:

  • Member of the Board of Directors of BM-Bank

Ownership of shares in the Bank as of 31 December 2020

% of ordinary shares ► 0%
% of the charter capital ► 0%

Education:

2009 — University of London, United Kingdom, master’s degree in management
2003 — Middlesex University, London, United Kingdom, master’s degree in business information systems
2000 — College of Tourism and Hotel Management, Nicosia, Cyprus, bachelor’s degree in hotel management

Professional activities:

Joined VTB Bank in 2020. Since June 2020, Member of the Management Board. Before June 2020, Advisor to the President and Chairman of the Management Board
2019–2020 — Managing Director of the General Department, Managing Director of General Administration, KEH eCommerce
2014–2019 — Vice President and Director of the Digital Platform Division, Director of the Digital Platform Division, Senior Managing Director and Bank XXI Department Director, Senior Managing Director and Bank XXI Division Director, Sberbank of Russia
2013–2017 — Member of the Board of Directors of LLC PS Yandex Money, member of the Board of Directors of LLC non-banking financial company Yandex Money

Positions held in other organisations:

  • Member of the Board of Directors of CityBike

Ownership of shares in the Bank as of 31 December 2020

% of ordinary shares ► 0%
% of the charter capital ► 0%

Education:

2000 — Omsk State University, degree in economics with a specialisation in economic theory
2000 — Technical University of Munich, MBA

Professional activities:

Joined VTB Bank in 2010. Since November 2018, Member of the Management Board. Before November 2018, Head of the Finance Department; Senior Vice President
2004–2010 — Head of the Chief Executive Directorate of Economics and Finance, Head of the Department of Economics and Finance of the Chief Executive Directorate for Financial Management, Head of the Controlling and Information Security Division of the Internal Control Service, Head of Directorate of Controlling and Information Security Division of the Internal Control Service of Uralsib

Positions held in other organisations:

  • Member of the Board of Directors of BM-Bank
  • Member of the Supervisory Council of Post Bank and of VTB Bank (Europe)
  • Member of the Board of VTB Bank (Armenia)
  • Member of the Board of Directors of the Dynamo Moscow Football Club

Ownership of shares in the Bank as of 31 December 2020

% of ordinary shares ► 0%
% of the charter capital ► 0%


Valery Chulkov (17 January 2020), Oleg Smirnov (13 January 2020) and Dmitry Olyunin (31 January 2020) left the Management Board in 2020.


Education:

1993 — Lomonosov Moscow State University, degree in economics
1994 — Paris Institute of Political Studies, degree in economics and finance
2009 — Paris Dauphine University, master’s degree in economics, banking and finance

Professional activities prior to departure from the Bank’s Management Board

Worked at VTB Bank from 2018 and from 2004 to 2006 was Vice President and Head of the Coordination and Analysis Office of the Investment Division of Vneshtorgbank
From May 2018 – First Deputy President and Chairman of the Management Board
2013–2018 – Chairman of the Board, Rosbank
2011–2013 – First Vice President, President and Chairman of the Management Board of TransCreditBank
2006–2011 – First Deputy Chairman of the Management Board of Industrial and Construction Bank (later renamed VTB North-West Bank) until 2007; after 2007, Chairman of the Management Board of VTB North-West Bank)

Education:

1982 — St. Petersburg Naval Institute
2002 — Financial Academy under the Government of the Russian Federation, degree in economics with a specialisation in finance and credit

Professional activities prior to departure from the Bank’s Management Board

Joined VTB Group in March 2008. From May 2018, Member of the Management Board of VTB Bank. Before May 2018, Head of the Department of Business Operations Support and Senior Vice President of VTB Bank, Member of the Management Board and Director of the Operations Department of VTB24
2006–2008 — Corporate Director and Head of the Banking Services Operations Department, ABN AMRO Bank
2005 — Director of the Retail Operations Centre at Alfa Bank
1995–2005 — Lead Economist, Senior Economist in the Foreign Currency Security and Control Department, Head of the Foreign Currency Dealing Department at KredoBank, Deputy Chairman of the Management Board

Education:

1996 — Ural State University of Economics, degree in economics with a specialisation in finance and credit
2001 — Ural State University of Economics, candidate of economic sciences

Professional activities prior to departure from the Bank’s Management Board

Joined VTB Bank in November 2018. From January 2019 to January 2020, member of the Management Board of VTB Bank
2013–2018 — Vice President of Sberbank and Chairman of the Moscow Bank Sberbank
2012–2013 — Chairman of the Central Russian Bank Sberbank of Russia
2007–2012 — Chairman of the Management Board of Sberbank of Russia’s subsidiary in Kazakhstan
2007 — Advisor to the First Deputy Chairman of the Management Board of the Sberbank of Russia head office
1996–2007 — Urals Bank Sberbank of Russia

Remuneration for members of the Management Board

The Supervisory Council is responsible for determining the amount of the remuneration and compensation paid to members of the Management Board. Salaries, including compensation and incentive payments, are fixed in the employment contracts of the Management Board members.

In accordance with the policy of awarding bonuses to key Group executives, the Management Board of VTB Bank receives 60% of its annual bonus at a time, and 40% is deferred for a period of three years.

The deferred amount is paid in three equal instalments one, two and three years after the grant date, subject to the achievement of certain non-vesting conditions. Half of the deferred amount is paid in cash, and the other half is paid through a cash-settled, share-based payment plan.

Total remuneration (salary, bonuses) for members of the Management Board, RUB thousand
PERIOD AMOUNT OF REMUNERATION
2020 1,927,799
2019 2,230,000
2018 1,615,834
2017 1,399,794
2016 361,805
2015 399,031