OREANDA-NEWS. November 09, 2012. Today AccessBank (the “Bank”) announced that they had a change in management. Michael Hoffmann has been appointed new Chairman of the Management Board. Andrew Pospielovsky, his predecessor, left this position to pursue new career opportunities abroad. 

Michael Hoffmann, the new AccessBank CEO, commented on his appointment:  "It is a great pleasure and challenge for me to join AccessBank. The Bank is well established on this dynamically growing market. I am confident that we are in a good position to continue the successful development of the Bank’s business in Azerbaijan in the forthcoming years".

Before joining AccessBank, Michael Hoffmann has been with the European Bank of Reconstruction and Development (EBRD) from 2005 to 2012. As Head of the EBRD Samara Resident Office he was responsible for developing the business with large corporations, public entities and banks in the Volga Federal District of Russia. 

Mr. Hoffmann started his career in 1996 with HSH Nordbank AG, one of the Top 10 Banks in Germany, where was a.o. responsible  for the bank’s business in the Baltic countries (Estonia, Latvia, Lithuania) as Head of the Tallinn Representative Office  

Furthermore, Mr. Hoffmann has been a member of the Board of Directors of GM-АvtoVAZ (2008-2012), a joint venture between General Motors and АutoVAZ based in Tolyatti (Russia). The JV manufactures cars under the Chevrolet Niva brand. Mr. Hoffman holds an Executive MBA from the University of Chicago, Booth School of Business, and a diploma as Economist from the Kiel University. He has also studied political sciences and Slavic languages in Munster University. Born in Germany, Mr. Hoffmann is fluent in German, English and Russian languages.