Sergey Ignatov heads the EDB Representative Office in Yerevan

Almaty, 4 February 2013. Sergey Ignatov was appointed as the director of Eurasian Development Bank’s (EDB) representative office in Yerevan. He will be responsible for arranging finance for EDB’s large investment projects in Armenia.

Sergey Ignatov was born in 1981 in Moscow. In 2003 he graduated from the Engineering and Economics Institute of the Plekhanov Russian Academy of Economics specialising in urban planning economics and management. In 2009 he completed his studies at the same academy’s Intersectoral Institute for the Professional Development and Retraining of Management Personnel specialising in business valuation.

In 1998—2004 Mr Ignatov was a specialist of the Commercial Contracts Department at Boguchangesstroy and in 2004—2005 the senior development manager at Torgovaya Ploschad. From 2005 to 2007 he worked at the Investment Structuring and Project Finance Department of Uralsib. In 2008, before joining EDB, Mr Ignatov was the deputy head of a division of the Department for Loan Request Evaluations at VTB Bank.

In 2008 Mr Ignatov joined EDB. He worked as a manager and then senior manager of a project group and prepared, managed and monitored investment projects. Eight projects in Russia, Kazakhstan, Belarus and Armenia to the tune of US $466 million were implemented with his participation. In 2011 Mr Ignatov was awarded EDB’s certificate of merit as the best employee.

As the head of EDB’s representative office in Yerevan Sergey Ignatov will replace Sergey Yelizarov whose assignment in Armenia, where he has worked for almost four years, is over and whose main tasks were to open the Bank’s representative office in the country and ensure its operation.

Additional Information

Eurasian Development Bank 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 exceeds US $1.5 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. Read more at https://www.eabr.org.