Transcapitalbank gets two new board members
MOSCOW. June 26 (Interfax) - Russia's Transcapitalbank has elected two new members of the board of directors, and expanded the board from eight seats to nine, including five independent directors.
The new members are Vladimir Mau, a prominent economic historian and member of the Russian Academy of Sciences council for the problems of Russian and world economic history as well as a member of the Russian presidential economic council; and Hubert Pandza, who holds a masters degree in international economic relations, the bank said in a press release.
The other seven members of the board are bank chairman Boris Kazakov, CEO Olga Gryadovaya, Leonid Ivanovsky, Alexei Vorobyev (from VEB), Igor Jurgens, Marina Petrov (from the EBRD) and Sergei Shibayev.
Transcapitalbank was the 45th biggest Russian bank by assets as of the end of the first quarter of 2013 according to the Interfax-100 ranking compiled by the Center for Economic Analysis.
Transcapitalbank's largest shareholders are the EBRD with 28.6%, International Finance Corporation with 7.7%, Deutsche Investitions- und Entwicklungsgesellschaft (DEG) with 9.1%, Olga Gryadovaya with 22% and Leonid Ivanovsky with 12.2%.
Shareholders with stakes of less than 5% hold a combined 20.4% of bank shares. They include five executives at the bank and 11 other corporate entities and individuals not involved in management of the bank.
