Moscow Exchange president Aganbegyan leaving to join Otkritie
MOSCOW. Sept 14 (Interfax) - Moscow Exchange MICEX-RTS president Ruben Aganbegyan will take up the post of chief executive at Otkritie Financial Corporation on Monday, Finparty.ru reported and Interfax financial market sources confirmed.
A spokesman for Otkritie neither confirmed nor denied the report. The exchange is not commenting.
"I believe that Ruben is a great professional and he will help Otkritie in its development," Aton's chief executive and Moscow Exchange board director Andrei Shemetov told Interfax.
Aganbegyan was unavailable for comment. Exchange staff have not been told about his departure yet.
Otkritie's chief executive is currently company shareholder Vadim Belyaev. He is expected to become president of Nomos-Bank , which is being taken over by Otkritie.
Aganbegyan replaced Konstantin Korischenko as head of the MICEX in 2010 and was responsible for its merger with the RTS. Alexander Afanasyev was appointed chief executive of the merged exchange in June 2012, but Aganbegyan retained the post of president. The exchange's president, according to the charter, is not a management body and acts on the authority of the CEO; the president can be a member of the board of directors, but not the executive board.
Aganbegyan, the son of economist and scholar Abel Aganbegyan, was born in 1972. Since graduating from the Moscow State Legal Academy in 1995, he has worked at PwC, Clifford Chance, Credit Suisse First Boston, Troika Dialog and Renaissance Capital.
Deputy Chairman of the Central Bank of Russia, Sergei Shvetsov, who is also chairman of the board of directors of MICEX-RTS, neither confirmed nor denied Agabegyan's resignation. However, he said that his appointment as president of the exchange is decided by the chairman of the executive board.
"The charter is built such that the CEO has the right to propose a president to the board of directors for appointment, or he himself can execute the presidential authorities. It's his decision," Shvetsov told journalists.
Shvetsov did not rule out that Afanasyev himself might act as the president of the exchange. "Aganbegyan was the first president, and he might be the last. Maybe Afanasyev will become president," he said.
Afanasyev will decide whether or not he wants to elect a new president or act as the president himself, Shvetsov said.
