Alfa Bank CFO Baxter being replaced by Chukhlov from Rosbank
MOSCOW. April 5 (Interfax) - Alfa Bank CFO Andrew Baxter is being replaced by Alexei Chukhlov from Rosbank .
During a conference call, Baxter said that he has decided to leave Alfa Bank and that a replacement - Chukhlov - has already been found. Chukhlov has many years of experience working in the banking sphere at Societe Generale, Baxter added.
Chukhlov, who coordinated integration with Societe Generale, resigned as deputy chairman of Societe Generale subsidiary Rosbank's management board in January.
Between September 1999 and September 2006, Chukhlov worked as an inspector in charge of supervisory checks at a multitude of the Societe Generale group's subdivisions in France and abroad.
As director of the European subdivision of a network of universal retail banks starting in October 2006, Chukhlov represented Societe Generale's interests at Rosbank and participated in the work of its key management bodies on a consultative basis (the management board, loan committee, etc.). Chukhlov became advisor to the chairman of Rosbank's management board in May 2008 and was responsible for coordinating the integration program with the Societe Generale group.
Baxter was appointed CFO of Alfa Bank in 2005, where he arrived from investment company SUN Group. In 1999 he was appointed chief financial director of one of the SUN Group companies, and in 2000 he became chief financial director of direct private investment fund SUN Capital. He became a partner at SUN Group in 2001.
Baxter previously worked at Renaissance Capital, The US Russia Investment Fund, Credit Suisse First Boston in Moscow, and the subdivision of Deloitte & Touche in Johannesburg, South Africa.
Baxter was born in South Africa in 1966 and graduated from the University of the Witwatersrand in Johannesburg with a bachelor's degree in commerce and accounting. He is a qualified Chartered Accountant (S.A.).
Alfa Bank was Russia's seventh largest bank by assets, fourth largest by retail deposits and ninth largest by retail lending at the end of 2012, according to the Interfax-100 ranking.
