OREANDA-NEWS. On March 31, 2008. Meeting of the AMC “UkrSib Asset Management’s” shareholders to have taken place in Kyiv approved a decision on making changes to the composition of the Supervisory Council and the Audit Committee, reported the press-centre of UkrSibbank.

Being the major shareholder of AMC “UkrSib Asset Management”, JSCIB “UkrSibbank” represented by Head of its Supervisory Council, Mr Jean-Fran?ois Varlet, was appointed Head of the Supervisory Council. Oleksandr Sulyayev took the position of the President of AMC “UkrSib Asset Management”.

Mr. Oleksandr Adarich, Chairman of the Management Board of JSCIB “UkrSibbank”, was also appointed a member of the Supervisory Council of AMC “UkrSib Asset Management.

Mr. Sergiy Panov was appointed a member of the Audit Committee – an Auditor.

Mr. Maksim Kuprin is Chairman of the Management Board of AMC “UkrSib Asset Management”.

Former composition of the Supervisory Council was effective from 15.05.07 till 25.03.08.

New structure of the Supervisory Council and the Audit Committee shall remain effective up to the new election by the general shareholders’ meeting.

The aforementioned changes were inflicted by the standardization of the management processes within UkrSibbank BNP Paribas Group.

Reference:
CJSC “AMC “UkrSib Asset Management” was founded in the course of development of JSCIB “UkrSibbank” as a financial corporation to deliver a full range of banking and investment services, insurance, leasing and joint investment services. Registered capital of CJSC “AMC “UkrSib Asset Management” makes up UAH 50 mln, thus the company is eligible to manage assets worth of up to UAH 2.5 bln. 99.94% of the registered capital of CJSC “AMC “UkrSib Asset Management” belongs to JSCIB “UkrSibbank”.

License of the State Committee for Securities and Stock Market on joint investment assets management АВ No. 318145 dated March 27, 2007.