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Andrey Kostin

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Andrey Kostin
Born
Andrey L. Kostin

(1956-09-21) September 21, 1956 (age 67)
Moscow, Russia.
NationalityRussian
Alma materMoscow State University, Faculty of Economics
Occupations
  • President and Chairman of VTB Bank
  • Member of the Supervisory Council of VTB Bank
  • Member of the Board of Directors of VTB Capital
Websitewww.vtb.com

Andrey L. Kostin (born September 21, 1956 in Moscow) is a Russian banker, currently President and Chairman of the Management Board of VTB Bank, Member of the Supervisory Council, and Chairman of the Board of Directors of several VTB subsidiaries, including Bank of Moscow and VTB 24, PhD in Economics. [1] In 2007, VTB Supervisory Council extended Kostin’s term as President and Chairman of the Management Board until 2012. In April 2012, VTB Supervisory Council reappointed Kostin until 2017.[2] Shares owned in the charter capital of VTB Bank – 0.00183%.


He is one of the most active representatives of the Russian banking sector and is a frequent guest on CNBC,[3] Fox News,[4] CNN,[5] BBC and Bloomberg TV-channel. He has twice participated in the Charlie Rose show on Bloomberg television,[6] as well as the Hard Talk programme on BBC.[7]

Background

Born at September 21, 1956 in Moscow. In 1979 graduated with honors from Moscow State University with a degree in International Economics. In 2001 received a PhD in Economics for a dissertation entitled "Globalisation: A Form of Internationalisation of the Economy".

Career

1979-1992: Diplomatic service: during 1979-1982 – in the USSR Consulate General in Australia, in 1985-1990 – in the USSR Embassy in UK.

1993-1995: Deputy Head of the Foreign investment Department at Bank Imperial.

1995: Elected First Deputy Chairman of the National Reserve Bank.

October 18, 1996: Under the Presidential Decree Appointed as Chairman of Vnesheconombank, with the authorities being extended in 1999 for another three years.

Since 2002: VTB Bank: President and Chairman of the Management Board, Member of the Supervisory Council.

November 2011: Appointed Chairman of the APEC (Asia-Pacific Economic Cooperation) CEO Summit, which was successfully held in September 2012 in Vladivostok.

Positions in other organizations

  • VTB 24: Chairman of the Supervisory Council;
  • VTB Bank Ukraine: Chairman of the Supervisory Council;
  • Bank of Moscow: Chairman of the Board of Directors;
  • VTB Capital: Member of the Board of Directors;
  • Rosneft: Deputy Chairman of the Board of Directors;
  • United Russia political party: member of the Supreme Council;
  • Russian Union of Industrialists and Entrepreneurs: Member of the Bureau of the Board;
  • Association of Russian Banks: Member of the Board;
  • CIS Finance and Banking Council nonprofit organization: President;
  • National Council on Corporate Governance nonprofit partnership: Member of the Management Board;
  • St Petersburg State University Graduate School of Management: Dean;
  • Moscow State Institute of International Relations (MGIMO): Member of the Board of Trustees;
  • St. Petersburg University: Member of the Board of Trustees;
  • Russian Government Financial University: Member of the Board of Trustees;
  • Lomonosov Moscow State University: Member of the Board of Trustees;
  • National Research University Higher School of Economics: Member of the Board of Trustees;
  • Russian Gymnastics Federation: President;
  • Fund for the Support and Development of Physical Culture and Sports of the Russian Federation (Sport Fund): Member of the Board of Trustees;
  • Dynamo Hockey Club: Member of the Board of Trustees;
  • Russian Basketball Federation: Member of the Board of Trustees;
  • Bolshoi Theatre: Member of the Board of Trustees;
  • Friends of the Russian Museum development fund: Member of the Board of Trustees;
  • Russian Orthodox Church Charitable Foundation for the Restoration of the Voskresensk Stavropegial Resurrection (New Jerusalem) Monaster: Member of the Board of Truste

Decorations

  • Order For Services to the Motherland (3rd and 4th class);
  • Order of Honour;
  • Order of Merit (France)

Personal

Married, with children and grandchildren.

Hobbies: theater, arts, alpine skiing.

References

  1. ^ http://www.vtb.com/group/management/guide/kostin/ Andrey Kostin Biography
  2. ^ http://www.vtb.com/group/press/news/fin_releases/178364/ VTB Bank Supervisory Council to extend term of office of Andrey Kostin
  3. ^ http://video.cnbc.com/gallery/?video=3000119730 Russia Will Continue Bank Privatization: VTB's Kostin - CNBC
  4. ^ http://video.foxbusiness.com/v/1418417387001/kostin-russia-needs-more-regulation/ Kostin: Russia Needs More Regulation - FOX News
  5. ^ http://edition.cnn.com/video/#/video/business/2012/06/27/intv-russia-economy-vtb-bank-kostin.cnn?iref=allsearch Russia's economic woes - CNN
  6. ^ http://www.charlierose.com/view/interview/12351 Charlie Rose show - Andrey Kostin
  7. ^ http://www.youtube.com/watch?v=zddsZ21yyBI BBC HARDtalk - Andrey Kostin


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