OREANDA-NEWS. September 29, 2010. New professionals take up top management positions.

The MICEX Board elected Yekaterina Novokreschennyh, Marina Medvedeva and Yury Denisov to the Executive Board of the MICEX.

Yekaterina Novokreschennyh will oversee the work of the Client Center and be in charge of the MICEX’s client policy, interaction with clients and the promotion of products and services. Besides, the scope of her responsibilities will include mergers and acquisitions within the framework of the corporate development of the MICEX Group.

“The Exchange is now forming an ambitious team of professionals, and it is a great honor to be a part of this team. Client relations are a key sphere for infrastructure organizations. For me it is a challenge and a great responsibility to be in charge of interaction with the MICEX clients”, said Ye. Novokreschennyh.

Marina Medvedeva, who will assume his duties on Sept. 28, will be responsible for the management and development of the MICEX markets, including the federal bonds market, the equities, corporate & regional bonds market, the derivatives market and the foreign exchange market. She said: “Further development and improvement of the markets and the leadership positions of the MICEX in the country should be the basis for the formation of and international financial center help that Russian organized market to become an integral part of the global economy.”

Yuri Denisov will be responsible for risk management and treasury activities within the MICEX Group and oversee the activities of the NCC. Commenting on his election he said: “Our clients want a more modern financial infrastructure. In this context, the importance of a central counterparty and risk management comes to the fore.”

The MICEX President Ruben Aganbegyan welcomed the coming of the new staff to the Exchange. He said: “The MICEX managed has been able to recruit high-level professionals. I am sure that their valuable managerial experience and deep professional knowledge will play an important role in strengthening the leadership position of the MICEX and making Moscow an international financial center.”

Yuri Denisov graduated from Moscow State Institute of International Relations of the USSR Ministry of Foreign Affairs. He worked in Vnesheconombank and Evrofinance. Then, for more than five years (until 01.03.2010), he was at the head of the Treasury of VTB Bank and held the position of Senior Vice-President of VTB Bank. Mr. Denisov is a member of the MICEX Board, Chairman of the Supervisory Board of NCC and a Co-Chairman of the National Foreign Exchange Association. He is also a member of the Board of the National Foreign Exchange Association.

Yekaterina Novokreschennyh graduated from the Finance Academy under the Government of the Russian Federation. From 1995 to 1996 she worked for Lefortovski Bank, from 1996 to 1999 she worked as Advisor to the CEO of JSC “The Seventh Continent” chain of stores. In this position she was responsible for attracting investments. From 2000 to 2005 she held positions of Vice-President and then Director of the Office for Investment and Banking Activities of Troika-Dialog Investment Company. From 2005 to 2006 she held the position of President of Renaissance Capital Consumer Finance Bank. From 2006 to 2008 Ms. Novokreschennyh worked as First Deputy Head of the Project development Centre for the sale of assets of RAO UES of Russia. Since August 2008 she has worked as Deputy CEO for Investment Activities and Head of the Department for Corporate Finances and Investment and Banking Activities of Sovlink Company.

Marina Medvedeva graduated from the Moscow Finance Institute. She worked at the USSR Finance Ministry (1982–1991) and the RF Finance Ministry (1992–1993). In 1991–1992 Ms. Medvedeva worked for the Moscow International Stock Exchange.

From 1993 to 2008 she worked for the MICEX Group. She started her career as the chief economist of the MICEX Securities Department and progressed to the position of First Deputy CEO, member of the Directorate of the MICEX Stock Exchange and Vice-President of the MICEX. She was directly involved in the creation of the MICEX Stock Exchange and the transfer of the stock market business from the MICEX to the MICEX Stock Exchange. She took an active part in the development of the federal bonds market and the derivatives market.

The MICEX Group is an integrated exchange that provides electronic trading, clearing, settlement, depository and information services on the basis of a single technological platform.

The Group is comprised of the MICEX, the MICEX Stock Exchange, the National Mercantile Exchange, the MICEX Settlement House, the National Depository Centre, commercial bank National Clearing Centre, The MICEX – Information Technologies Company, regional exchange and settlement centers. The Group serves over 1700 participants in the on-exchange market – leading Russian banks and broker companies from Moscow and other large financial and industrial centers of Russia. In July 2010, the Ukrainian PFTS Stock Exchange joined the MICEX Group. At present, the MICEX Group operates a number of key financial markets: equities, bonds, foreign exchange, derivatives, commodities and money market instruments.