Management Board

  • Olga Glukhova
    Member of the Management Board, Managing Director (Legal)

    Olga Glukhova graduated from Saint Petersburg State University in 1994, majoring in law.

    For over 20 years she worked as a lawyer in the financial sector, holding managerial positions with Promstroybank of Russia, Transcapitalbank, the Inter-regional Department of the Bank of Russia’s Service for Financial Markets in the Northwestern Federal District, and a number of commercial banks in Saint Petersburg.

    Before joining the EDB, Glukhova worked at the Central Bank of Russia as deputy head of a division of the Service for Protection of Financial Services Consumers and Minority Shareholders in the Northwestern Federal District.

    She has been the EDB’s Managing Director (Legal) since 2016. On 3 April 2017, Glukhova was appointed to the Management Board.


  • Maxim Korzhov
    Deputy Chairman of the Management Board

    Maxim Korzhov graduated from Lomonosov Moscow State University, majoring in economics, and obtained his master’s degree at City University London. He holds a candidate of economics degree.

    In 2003-2007, he worked at LUKOIL Overseas, his positions ranging from lead specialist to head of Business Development. In 2007-2011, Korzhov worked at Deutsche Bank as vice president of the Global Markets Department and then as Director of the Investment Banking Department. In 2011-2015, he was managing director of the Corporate Investment Department and executive director at VTB Capital, and a member of the Board of Directors at VTB Kazakhstan.

    Maxim Korzhov was appointed as Deputy Chairman of the Management Board of the EDB on 2 March 2015.

  • Sergey Kostrikov
    Member of the Management Board, Managing Director (Business Planning and IT)

    Sergey Kostrikov majored in economics at Moscow State University and holds a candidate of economics degree.

    Since 1994, he has worked at PricewaterhouseCoopers in Russia and the CIS countries. Since 2002, he has been a managing consultant at IBM East Europe, Kostrikov was a partner and insurance practice leader at PricewaterhouseCoopers (Russia).

    On 19 January 2012, Kostrikov was appointed Managing Director (Business Planning) and in October 2013 he became a member of the Management Board of the EDB.

  • Konstantin Limitovskiy
    Deputy Chairman of the Management Board

    Konstantin Limitovsky graduated from the Financial Academy under auspices of the Government of the Russian Federation.

    In 1997-1998, he headed the project and corporate finance departments at Russian-American Investment Bank and Moscow Narodny Bank. In 1998-2003, Limitovsky was project finance director for energy and infrastructure at the Black Sea Trade and Development Bank, an international development bank headquartered in Greece. In 2003-2010, he supervised project and structured finance activities at Russia’s largest commercial banks, including Alfa Bank, Gazprombank, and Sberbank. Before joining the EDB in September 2015, Limitovsky managed project finance at VTB Group as vice president.

    Limitovsky was appointed Deputy Chairman of the Management Board of the EDB on 29 September 2015.


  • Yaroslav Lissovolik
    Member of the Management Board, Chief Economist

    Yaroslav Lissovolik holds degrees from Harvard University, the London School of Economics, and MGIMO, including a PhD in economics.

    In 2001-2004, he was an advisor to the Executive Director from the Russian Federation at the International Monetary Fund. Since 2004 and before joining the EDB, he has been chief economist, head of research, and a member of the Management Board of Deutsche Bank Russia.

    Lissovolik is a member of the Russian Government Expert Council and the Advisory Council to the Chair of the Central Bank of Russia.

    Lissovolik was appointed Chief Economist of the EDB in November 2015 and joined the Management Board on 3 April 2017.

  • Berik Mukhambetzhanov
    Member of the Management Board, Managing Director (Finance)

    Berik Mukhambetzhanov graduated from the Kazakh State Academy of Management. In 1993-1997 he worked at the National Bank of Kazakhstan; in 1997-1998 at BTA Bank (formerly Bank TuranAlem); and between 1998 and March 2006 at HSBC Bank Kazakhstan, first as deputy financial controller and since 2003 as financial controller and member of the Board. In 2006, Mukhambetzhanov became Director of the Audit Department at Samruk Holding.

    Since 2007, Mukhambetzhanov has headed the Planning and Reporting Department at EDB and in September 2010 he was appointed Managing Director (Finance). He became a member of the Management Board of the EDB in December 2010.

  • Andrey Chernenko
    Deputy Chairman of the Management Board

    Andrey Chernenko graduated from Lomonosov Moscow State University, Department of Journalism, and the Academy of Social Sciences at the Central Committee of the Communist Party of the Soviet Union. He is a candidate of law. Chernenko served in the Navy and worked in the media. Between 1989 and 2005, he worked for executive agencies of the Russian Federation, the Ministry of Internal Affairs and national security agencies. He also headed the Central Office of the Government of the Russian Federation and several federal services. For more than six years Andrey Chernenko was vice president and then senior vice president at VTB Bank.

    Chernenko was appointed Deputy Chairman of the Management Board of the EDB on 10 August 2015. He is in charge of liaising with government authorities, as well as supervising security, compliance control, and administration.

  • Natalia Churgel
    Member of the Management Board, Managing Director (Organisational Development)

    Natalia Churgel holds a master’s degree in international business and business administration from MGIMO.

    In her professional years, she headed the Department for Relations with International Development Banks at the Ministry of Finance of Russia. She also headed the Department for Financial Market Monitoring and Analysis and was advisor to the head of Russia’s Federal Financial Markets Service.

    Before joining the EDB, Churgel was advisor to the Chairman of the Board of the International Investment Bank.

    She has been EDB’s Managing Director (Organisational Development) since November 2015. Churgel was appointed to the Management Board on 3 April 2017.