OREANDA-NEWS. May 18, 2012. Alfa-Bank announces the appointment of Alexey Marey as Chief Executive Officer and Member of its Board of Directors. Rushan Khvesyuk who has been holding senior executive posts at Alfa-Bank for many years, is appointed Chef Executive Officer of Alfa Banking Group. Mr. Khvesyuk will continue to be involved in strategic management of the Bank as a member of the Board of Directors, reported the press-centre of Alfa-Bank.

These changes, of which the market participants along with the Bank’s staff were made aware early in the last autumn, are being brought about according to the plan. The appointment of a new Chief Executive is intended to spur the business development of the Bank and to further strengthen its position as the largest privately-owned bank in Russia, which showed a record profit for the year 2011.

Mr. Marey, in his new role as Chief Executive, will be responsible for the implementation of the Bank’s long-term strategy, determine priorities in business development and oversee the operations in all of the Bank’s core and supporting units.

These decisions are in line with the employment policy of Alfa Banking Group ensuring that its senior staff can utilize a wide range of opportunities for their further professional and career growth within the Group.

Alfa Banking Group’s Chief Executive Rushan Khvesyuk will take responsibilities for overseeing business development, improving the quality of management and streamlining the process of banks integration into the Banking Group.

Mikhail Fridman, Chairman of Supervisory Board of the Alfa-Group Consortium and Member of the Alfa-Bank Board of Directors, said:

"I am absolutely sure in Alexey Marey as one of the most efficient and talented managers in the Russian banking industry. And these are not just words. Alexey is actually a person who being engaged in development of the Bank’s retail business has managed to make it a thriving business and led it through to ranking as the best privately-owned bank in Russia. Alexey has always paid much regard to the best management practices of the world’s leading multipurpose banks, got engaged in every detail of corporate business management, design and development of efficient cutting-edge systems of operational and IT-business support. I hold that his professional expertise, tenacity and consistency in goal achievement, as well as his commitment to leadership — the traits Alexey is noted for — will allow him to successfully meet the goals he sets".

Aleksey Marey, Chief Executive Officer, Member of the Alfa-Bank Board of Directors, said:

"Our mission is to make the financial world more friendly and simple for use by our customers. Alfa-Bank is the largest privately-owned bank in Russia with a prominent track record of operations in Russia, and it benefits from deep knowledge of customers like no other. Extension of the existing and establishment of new long-term customer relations is the basis of our development strategy. We have a strong team of managers, a successful record of development and use of cutting-edge technologies and — what is the most important — we enjoy confidence of over six million individual and seventy five thousand corporate customers throughout the country. The main task to address now is implementation of the Bank’s development strategy for the period until late 2015. This strategy based on consistent development of our key competitive advantages is to bring Alfa-Bank to full adoption of the world‘s best standards of customer service and operational flexibility".

Rushan Khvesyuk, Chief Executive Officer of Alfa Banking Group, Member of the Alfa-Bank Board of Directors, said:

"Alfa-Bank is not merely the largest part of my professional life. It is the part of me. Rising to the level of Alfa Banking Group, where I am going to meet large-scale tasks in several countries altogether, I would like to stress once again the strength and solidarity of Alfa’s professional team, which excels under any, even the most challenging circumstances. I wish Alexey Marey success along with all my friends and colleagues, with whom I have worked for many years. We are facing challenging and quite ambitious tasks, and I strongly believe us to have all of them successfully met as we always did".

Rushan Khvesyuk, Chief Executive Officer at Alfa Banking Group, Member of the Board of Directors, joined Alfa-Bank in 1994. since that time and until 2005 has held a position of Head of the Legal Department. In 2002 has been appointed as Head of the Executive Board. From August, 31 2011 til May 2012 Mr. Khvesyuk has been Chief Executive Officer of Alfa-Bank, Member of the Executive Board.

Rushan Khvesyuk graduated from Moscow State Academy of Law. Russian magazine Career named Rushan Khvesyuk one of the 50 best Russian corporate lawyers in 2001.

Alexey Marey, Chief Executive Officer, Member of the Board of Directors, Member of the Executive Board, joined Alfa-Bank in 2004. He previously worked as Vice President, Director of Retail Sales and Customer Relations.

Alexey Marey is responsible for elaboration and implementation of the Bank’s retail business and sales strategic development in Moscow and in the regions, and for the quality of customer service in banking.

In 1999 — 2004, he worked at Danone as a business development manager and regional sales manager responsible for development of distribution and strategic development of sales.

In 1998-1999, he worked at Gillette International (Moscow) as a territorial sales manager, and as a logistics manager at Duracell Batteries N. V. in 1996-1998.

Alexey Marey graduated from Moscow Aviation Institutes’ Economics Department in 1999.