JSC VTB Bank: Svyatoslav Ostrovsky elected to VTB Management Board

JSC VTB Bank (VTBR) 
Svyatoslav Ostrovsky elected to VTB Management Board 
 
08-May-2020 / 17:58 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Svyatoslav Ostrovsky elected to VTB Management Board 
 
On May 8, VTB Supervisory Board passed the decision to elect Svyatoslav 
Ostrovsky as a member of VTB Management Board, subject to approval by the 
Central Bank of Russia. 
 
Svyatoslav Ostrovsky will be responsible for the development of key areas of 
VTB retail business. Svyatoslav Ostrovsky will report to Anatoly 
Pechatnikov, Deputy President and Chairman of the Management Board. As a 
member of VTB Management Board, he will oversee consumer, mortgage and car 
lending, retail savings products, credit and debit cards, as well as retail 
products and digital banking departments implementing new products and 
services for VTB retail clients. 
 
"In 2019, we began a large-scale digital transformation of retail business, 
striving to increase the share of online sales up to 50% for all products 
and increase the number of services available to customers remotely up to 
100%. The appointment of Svyatoslav Ostrovsky, who has extensive experience 
and excellent skills in this area, will further develop and increase the 
efficiency of VTB's retail business", comments Anatoly Pechatnikov. 
 
Reference: Svyatoslav Evgenievich Ostrovsky was born on March 9, 1979 in the 
Krasnodar region. He holds a bachelor's degree from Boumemouth University, a 
master's degree from Middlesex University, and an MBA from London Business 
School. From 2003 to 2010 he worked at Citibank, then at the Russian 
Standard Bank as the director of the banking business department in the area 
of new technologies. After that he moved to Sberbank, where he worked as 
Vice President. In 2020, he joined VTB Group. 
 
ISIN:          US46630Q2XXX 
Category Code: MSCM 
TIDM:          VTBR 
LEI Code:      253400V1H6ART1UQ0N98 
Sequence No.:  62579 
EQS News ID:   1040007 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

May 08, 2020 11:58 ET (15:58 GMT)