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Igor Kim was born on 12 January 1966 in [[Ushtobe]] in the [[Almaty Region|Alma-Ata Region]] of the [[Kazakh SSR]]<ref>RB.ru: [http://www.rb.ru/biz/people/show/7767/ Igor Kim. Biography]</ref>. In [[1990]] he graduated from [[Novosibirsk State University]] with a degree in Economic Cybernetics.
Igor Kim was born on 12 January 1966 in [[Ushtobe]] in the [[Almaty Region|Alma-Ata Region]] of the [[Kazakh SSR]]<ref>RB.ru: [http://www.rb.ru/biz/people/show/7767/ Igor Kim. Biography]</ref>. In [[1990]] he graduated from [[Novosibirsk State University]] with a degree in Economic Cybernetics.


After graduating Igor Kim went into business, forming a cooperative based on a [[student construction brigade|Student construction brigade]]. Later he became a commodities trader, and in 1992 was one of the founders of Russian People's Bank.<ref name="wealth"/>
After graduating Igor Kim went into business, forming a cooperative based on a [[student construction brigade|Student construction brigade]]. Later he became a commodities trader.<ref name="wealth"/>


Igor Kim began his career in banking in 1993, when he became deputy chairman of the management board of Russian People’s Bank in Novosibirsk<ref name="wealth"/>, and was then named chairman of the management board in 1995.
⚫
Igor Kim has twice featured in the list of wealthiest people compiled by [[Forbes]] Russia, in [[2009]] with $0.4bln and [[2011]] with $0.5bln<ref name="profile">Forbes.ru: [http://www.forbes.ru/profile/igor-kim Igor Kim. Profile]</ref>


Between 1998 and 2004, Igor Kim was first CEO and then chairman of Sibakadembank<ref name="wealth"/>. In 2004 he joined the board of Uralvneshtorgbank, becoming chairman in 2005. The controlling shareholder of both Sibakadembank and Uralvneshtorgbank, in 2006 Igor Kim merged the two banks into URSA Bank and was named chairman of the new entity<ref name="wealth"/>.
⚫
He is married with two children.<ref name="profile"/>


In 2008 URSA Bank and MDM Bank agreed to merge, with Igor Kim becoming chairman of the management board of the enlarged MDM Bank as well as a member of the Board<ref name="wealth"/>. He stepped down as Chairman of the Management Board of MDM Bank in 2010<ref name="wealth"/>.
==Banking career==


In late 2011, Igor Kim and his business partners bought Barclays Bank LLC from Barclays Group, and returned the franchise to its original name of Expobank<ref>Reuters: ''[http://www.reuters.com/article/2013/05/22/us-russia-banks-kim-idUSBRE94L07P20130522 "Russian banker has his eye on Europe"]''</ref>.
* [[1993]] — major shareholder of Russian People's Bank,<ref name="wealth"/> and first Deputy Chairman and subsequently Chairman of the Management Board.
* [[1996]] — alongside Andrei Bekarev and ALexander Taranov, two friends from Novosibirsk State University, acquired half of the shares of [[Sibacadembank]].<ref name="wealth"/>
* [[1998]] — merged Russian People's Bank and Sibacadembank,<ref name="wealth"/> becoming First Deputy CEO of the combined bank.
* [[2001]]—[[2004]] — Chairman of the Management Board of Caspian Bank in Kazakhstan.
* [[2002]] — Chairman of the Board of Directors, Sibacadembank.
* 2004 — shareholder of OJSC [[Uralvneshtorgbank]].
* 2004—[[2006]] — Chairman of the Board of Directors of Sibacadembank and the Supervisory Board of Uralvneshtorgbank.
* 2006 — one of the main shareholders of [[URSA Bank]], created from the merger of Sibacadembank and Uralvneshtorgbank, and Chairman of the Strategic Planning Committee advising the Board of Directors.
* [[2007]] — Chairman of the Board of Directors of URSA Bank.
* [[2008]]—[[2009]] — Chairman of the Management Board of [[MDM Bank]] during its merger with URSA Bank.
* From January 2009 — one of the major shareholders of the combined MDM Bank (11% stake) and CEO, member of the Board of Directors and member of the Strategy Committee advising the Board of Directors.
* In July [[2010]] stepped down as CEO and Chairman of the Management Board of MDM Bank<ref>[[RIA Novosti]]: [http://www.rian.ru/economy/20100706/252466996.html "Sergei Timofeev to replace Igor Kim as Chairman of the Management Board of MDM Bank]. 06.07.2010</ref>. After leaving MDM Bank, began creating a banking group based on Orient Express (Dalvneshtorgbank).<ref name="profile"/> In the same year, Orient Express bought Spanish [[Santander Group]]'s Russian subsidiary Santander Consumer Bank, and City Mortgage Bank from [[Morgan Stanley]] of the US<ref name="wealth" />
* In summer [[2011]] left the Board of Directors of MDM Bank, and also sold his stake in Sibacademstroi and First Collection Bureau.<ref name="wealth" />
* In summer 2012, bought WestLB Vostok from [[German]] financial group WestLB AG and reorganised it as Expo Capital bank<ref>Forbes.ru: ''[http://www.forbes.ru/news/83842-igor-kim-pokupaet-dochernii-bank-westlb-v-rossii "Igor Kim buys subsidiary bank of WestLB in Russia"]''. 02.07.2012</ref> and completed a transaction for Expobank to buy 100% of Siberian Business Development Bank. The bank was subsequently reorganised as an open joint-stock company and on [[12 April]] merged into ExpoBank.
* In autumn 2011, alongside a group of investors, bought the Russian subsidiary of [[British]] bank [[Barclays Bank]], which was merged into ExpoBank, and Stromkombank in Krasnoyarsk (reorganised as the Krasnoyarsk subsidiary of Expobank in March 2013).<ref>NGS News: ''[http://news.ngs.ru/more/1027067/ Stromkombank of Krasnoyarsk joins Igor Kim's bank]''. 12.03.13</ref>. At the same time he sold his stake in MDM Bank for 5.4 billion rubles, half of it in the form of 100% of the shares in Latvian Trade Bank (now Expobank).<ref>Forbes.ru: [http://www.forbes.ru/news/76660-igor-kim-prodal-dolyu-v-mdm-banke Igor Kim sells stake in MDM Bank]</ref>
* In August [[2013]] bought FB Leasing, the Russian subsidiary of VR Leasing AG.<ref name="wealth" /> Later the company was merged into ExpoBank.<ref>[http://expobank.ru/about/openinfo/events/?FILE_DOWNLOAD=1033 "Notification of Material Fact regarding a general meeting of participants (shareholders) of a legal entity and decisions adopted by them" 25.09.2013]. (doc, 64 kb)</ref>
* In March [[2015]] Igor Kim's ExpoBank bought 84.66% of MAK-Bank from diamond mining company ALROSA.<ref>[http://alumni-union.nsu.ru/%D0%B8%D0%B3%D0%BE%D1%80%D1%8C-%D0%BA%D0%B8%D0%BC-%D0%BA%D1%83%D0%BF%D0%B8%D0%BB-%D0%BC%D0%B0%D0%BA-%D0%B1%D0%B0%D0%BD%D0%BA-%D1%83-%D0%B0%D0%BB%D1%80%D0%BE%D1%81%D0%B0/ Igor Kim bought MAK Bank from ALROSA]</ref>


Since 2012, Igor Kim has sought to grow the Expobank group through a series of acquisitions in a number of European markets, including the purchase of WestLB Vostok, from WestLB AG<ref>Reuters: ''[http://www.reuters.com/article/2013/05/22/us-russia-banks-kim-idUSBRE94L07P20130522 "Russian banker has his eye on Europe"]''</ref> and FB-Leasing from VR Leasing AG (both were merged into Expobank LLC); as well as LBBW Bank CZ a.s., which was renamed as Expobank CZ a.s.<ref>Reuters: ''[http://www.reuters.com/article/2014/10/15/czech-expobank-lbbw-idUSL6N0SA20H20141015 "Expobank changes name of LBBW's Czech unit after acquisition"]''</ref> In March 2015, Expobank LLC purchased an 84.66% stake in MAK-bank from ALROSA, which was also merged into Expobank LLC<ref>Banki.ru: ''[http://www.banki.ru/news/engnews/?id=8085685 "Expobank wraps up MAK-Bank takeover"]''</ref>.

⚫
Igor Kim has twice featured in the list of wealthiest people compiled by [[Forbes]] Russia, in [[2009]] with $0.4bln and [[2011]] with $0.5bln<ref name="profile">Forbes.ru: [http://www.forbes.ru/profile/igor-kim "Igor Kim. Profile"]</ref>

⚫
He is married with two children.<ref name="profile"/>


==References==
==References==

Revision as of 10:51, 9 July 2015

Igor Kim
Born (1966-01-12) 12 January 1966 (age 58)
Kazakh Soviet Socialist Republic Ushtobe, USSR
Citizenship Russia
OccupationBusinessman

Igor Kim (born 12 January 1966 in Ushtobe, Alma-Ata Region, Kazakh SSR) is a strategic investor and businessman best known as a prolific dealmaker in the financial-services sector. He has completed more than 30 mergers and acquisitions[1] involving multinational financial groups and Russian partners, most notably the acquisition of Barclays Bank LLC, the former Russian unit of Barclays Bank PLC, and transactions with Morgan Stanley[2], LBBW[3], Santander[4] and WestLB[5].

Igor Kim is the major shareholder in the Expobank group, which comprises Expobank LLC (Russia, 66.64% stake), AS Expobank (Latvia, 100% stake) and Expobank CZ a.s. (Czech Republic, 68.87% stake). He serves as Chairman of the Board of Directors of all three banks.[6]

Igor Kim has twice been named Russia's Banker of the Year, in 2003 and 2009.[7] His wealth was estimated by the Russian edition of Forbes magazine at USD 460 million in 2013.[1]

Biography

Igor Kim was born on 12 January 1966 in Ushtobe in the Alma-Ata Region of the Kazakh SSR[8]. In 1990 he graduated from Novosibirsk State University with a degree in Economic Cybernetics.

After graduating Igor Kim went into business, forming a cooperative based on a Student construction brigade. Later he became a commodities trader.[1]

Igor Kim began his career in banking in 1993, when he became deputy chairman of the management board of Russian People’s Bank in Novosibirsk[1], and was then named chairman of the management board in 1995.

Between 1998 and 2004, Igor Kim was first CEO and then chairman of Sibakadembank[1]. In 2004 he joined the board of Uralvneshtorgbank, becoming chairman in 2005. The controlling shareholder of both Sibakadembank and Uralvneshtorgbank, in 2006 Igor Kim merged the two banks into URSA Bank and was named chairman of the new entity[1].

In 2008 URSA Bank and MDM Bank agreed to merge, with Igor Kim becoming chairman of the management board of the enlarged MDM Bank as well as a member of the Board[1]. He stepped down as Chairman of the Management Board of MDM Bank in 2010[1].

In late 2011, Igor Kim and his business partners bought Barclays Bank LLC from Barclays Group, and returned the franchise to its original name of Expobank[9].

Since 2012, Igor Kim has sought to grow the Expobank group through a series of acquisitions in a number of European markets, including the purchase of WestLB Vostok, from WestLB AG[10] and FB-Leasing from VR Leasing AG (both were merged into Expobank LLC); as well as LBBW Bank CZ a.s., which was renamed as Expobank CZ a.s.[11] In March 2015, Expobank LLC purchased an 84.66% stake in MAK-bank from ALROSA, which was also merged into Expobank LLC[12].

Igor Kim has twice featured in the list of wealthiest people compiled by Forbes Russia, in 2009 with $0.4bln and 2011 with $0.5bln[13]

He is married with two children.[13]

References

  1. ^ a b c d e f g h Elena Zubova: "Acquirer of Banks: Igor Kim as a reflection of the evolution of the banking system" (in Russian). Forbes.ru, 23.10.2013
  2. ^ Economic Times: "Morgan Stanley sells Russian mortgage unit"
  3. ^ Reuters: "Expobank changes name of LBBW's Czech unit after acquisition"
  4. ^ Reuters: "Russian banker has his eye on Europe"
  5. ^ The Moscow News: "Cashing in on foreign banks’ flight from Russia"
  6. ^ Expobank: Board of Directors and Management Board
  7. ^ MDM Bank: "MDM Bank's CEO is Banker of the Year. 2.12.2009
  8. ^ RB.ru: Igor Kim. Biography
  9. ^ Reuters: "Russian banker has his eye on Europe"
  10. ^ Reuters: "Russian banker has his eye on Europe"
  11. ^ Reuters: "Expobank changes name of LBBW's Czech unit after acquisition"
  12. ^ Banki.ru: "Expobank wraps up MAK-Bank takeover"
  13. ^ a b Forbes.ru: "Igor Kim. Profile"
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