Ex-EBRD Managing Director Tesseyman replaces Engin Akcakoca on Ukreximbank Supervisory Board

MOSCOW. Dec 12 (Interfax) - Nicholas John Tesseyman, the European Bank for Reconstruction and Development's former managing director and currently an independent member of the ProCredit Holding AG Supervisory Board, was appointed to the Supervisory Board of state-owned Export-Import Bank (Ukreximbank) in line with the Ukrainian government's December 5 decree.

Tesseyman will replace Engin Akcakoca, the author of the Turkish banking system reform program, who was given a seat on the Ukreximbank Supervisory Board in May 2023, Ukrainian media said, citing the bank's data available in the information disclosure system of Ukraine's National Security and Stock Market Commission. Prior to that, Akcakoca headed the Supervisory Board of PrivatBank after its nationalization and until July 2019.

Tesseyman is also a member of the Board of Trustees of The Bell Educational Trust Limited and British and Foreign Schools Society and an independent member of the Eurobank Private Bank Luxembourg Supervisory Board.

In 2012-2018, Tesseyman held a seat on the Supervisory Board of Ukrsibbank, in which the EBRD is a minority shareholder. In recent years, he also served as an independent member of the Supervisory Boards of First Bank S.A Romania, Christal House Contracts Limited and Addiko Bank Croatia.

Ukreximbank was established in 1992 and is solely owned by the state.

Ukreximbank was Ukraine's third largest bank by total assets (263.460 billion hryvni) out of the 63 banks that operated in Ukraine as of October 1, 2023, National Bank of Ukraine data show.