Bulgaria's Ex-FinMin to Enter Supervisory Council of Russian VTB Bank

Simeon Djankov, former Bulgarian Finance Minister and Deputy Prime Minister in the cabinet of center-right party GERB, photo by BGNES

Simeon Djankov, former Bulgarian Finance Minister and Deputy Prime Minister, is to enter the Supervisory Council of Russian VTB Bank.

Djankov, who is currently Rector of the Moscow-based university the New Economic School (NES), also known as the Russian Economic School), is to join the Supervisory Council of VTB Bank as an independent member, according to a media statement of the bank, as cited by Sega daily.

On Thursday, the Management Board of VTB Bank voted in absentia on the list of candidates for members of the Supervisory Council.

Russia's Economy Minister Alexei Ulyukaev and former Deputy Chairman of the Bank of Russia Gennadiy Melikyan are leaving the Supervisory Council of VTB Bank.

The two are to be replaced by Vladimir Chistyuhin, First Deputy head of the Bank of Russia for financial markets (SBRFR) and former Bulgarian Finance Minister Simeon Djankov, under a proposal of Rosimushchestvo.

The Supervisory Council of VTB Bank is to make its final decision on the nominees at a general shareholders' meeting in June.

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