Changes in EDB Management Board

Almaty, 7 April 2017. In accordance with the Charter of Eurasian Development Bank (EDB) and the Regulations of its Council, the EDB Council approved the inclusion in the Management Board of the following heads of the Bank’s divisions: Olga Glukhova, Managing Director (Legal); Yaroslav Lissovolik, Chief Economist; and Natalia Churgel, Managing Director (Organisational Development). Dmitry Pankin, Chairman of the Management Board, signed the respective order.

Olga Glukhova graduated from Saint Petersburg State University, majoring in law. For over twenty 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 Northwestern Federal District, and a number of commercial banks in Saint Petersburg. Before joining EDB, Olga 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 Northwestern Federal District.

Yaroslav Lissovolik holds degrees from Harvard University, London School of Economics and MGIMO, including PhD in economics. In 2001-2004, he was an advisor to Executive Director from the Russian Federation in the International Monetary Fund. Since 2004 and before joining EDB, he was the chief economist, head of research and member of the Management Board at Deutsche Bank Russia. Yaroslav Lissovolik is a member of the Russian Government Expert Council and the Advisory Council under the Chair of the Central Bank of Russia.

Natalia Churgel holds a master’s degree in international business and business administration from MGIMO. In early 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 an advisor to the head of Russia’s Federal Financial Markets Service. Before joining EDB, Natalia Churgel was an advisor to the Chairman of the Board of the International Investment Bank.

Additional Information:

Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

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