Almaty, 25 January 2012. Sergei Kostrikov has been appointed the Eurasian Development Bank’s (EDB) Managing Director for Business Planning. He will develop the system for budgeting and managing the Bank’s efficiency.
In the past twenty years Mr Kostrikov has worked in the area of strategic planning, budgeting and improving the efficiency of banks and other financial institutions. He is experienced in consultancy (PricewaterhouseCoopers, IBM) and finance (Ingosstrakh).
Mr Kostrikov was born in 1959. In 1982 he graduated from the economics department of the Moscow State University and is a candidate of economics.
After graduation Mr Kostrikov lectured in the theory and practice of management. In early 1990s he headed a privatisation consulting company. At that time, one of his largest clients was Coca Cola.
Between 1994 and 2003 Mr Kostrikov worked for international consulting companies (PricewaterhouseCoopers, IBM) where he started as a manager to become a managing consultant and a head of services in the area of strategic reforms. During that period he focused on the creation and development of stock exchanges and central depositaries, in conjunction with the securities commissions of Russia, Ukraine, Armenia and other CIS countries, and on the development of strategies and operating models for large financial institutions.
In 2004-2006 Mr Kostrikov was the strategy director at Ingosstrakh. In that position, he created and headed the Centre for Strategic Planning and organised the development and implementation of the company’s new corporate strategy.
From 2006 Mr Kostrikov was a director and from 2008 to his joining the EDB a partner for consulting services to financial institutions at PricewaterhouseCoopers in Russia. He worked with the largest financial institutions such as MICEX, Vnesheconombank, Gazprombank, Rosselkhozbank, Promsvyazbank, Vozrozhdenie Bank, the International Bank of Azerbaijan, Halyk Bank (Kazakhstan), Societe Generale, VW Finanz, and Aviva. In recent years, Mr Kostrikov managed some projects for the EDB aimed to improve its budgeting system.
