Deputy CBR Deputy Governor Isaev leaving regulator on Aug 1

MOSCOW. July 27 (Interfax) - Central Bank of Russia (CBR) Deputy Governor Yury Isaev has decided to resign effective August 1, the regulator said in a statement.

Isaev, who helmed the Deposit Insurance Agency (DIA) for many years, joined the Central Bank in January of this year. In the rank of deputy governor, he supervised the Department for Countering Misconduct, the Financial Monitoring and Foreign Exchange Control Department, as well as the representative office of the CBR in China.

In April of this year, Isaev joined the Central Bank's Board of Directors.

After Isaev’s departure, Deputy Governor Olga Polyakova will be put in charge of financial monitoring and currency control, and Deputy Governor German Zubarev will take over combatting unethical practices, the CBR said.

The CBR also said that its representative office in China is now overseen by First Deputy Governor Vladimir Chistyukhin.

Isaev became head of the DIA on January 1, 2013. He was a member of the fifth and sixth State Dumas from 2008 to 2013 and served as deputy chairman of the Duma Financial Market Committee. Prior to that, he held management positions at various government and commercial entities.

Isaev is the fourth deputy governor to leave the CBR since the beginning of 2022. Deputy governor Dmitry Skobelkin left in January, first deputy governor Sergei Shvetsov stepped down in March and Mikhail Alekseyev left in June.