Directors

Petr Aven Chairman

Petr is a prominent businessman and former politician. He graduated from the Moscow State University (1977) and holds a PhD in Econometrics (1980). Petr then became a senior researcher at the All-Union Institute for Systems Studies at the USSR Academy of Sciences and later spent two years at the International Institute for Applied Systems Analysis in Laxenburg, Austria (1989–1991).

Petr went on to become the Minister of Foreign Economic Relations for the Russian Federation (1991–1992). He served as Russia’s representative to the Group of Seven and conducted a number of high-level trade and economic missions to Western capitals.

From 1994 until June 2011 he served as President of Alfa-Bank (Russia).

"We have a strong track record of investing for the long term and supporting our businesses to grow."

Petr Aven

Currently, Petr is the Chairman of the ABHH Board of Directors and the Chairman of Supervisory Board of Alfa-Bank (Ukraine), as well as a board member of Alfa-Bank (Russia), LetterOne Holdings and LetterOne Investment Holdings. He also serves as the Chairman of the Board of Directors at AlfaStrakhovanie Group.

Petr holds a number of public positions, including: member of the Endowment Foundation Board of Trustees of New Economic School, trustee of the National Association for National Financial Reporting Standards, professor at the State University Higher School of Economics, member of the Board of Directors of the Russian Union of Industrialists and Entrepreneurs, Chairman of the Russia-Latvian Business Council, and a member of the Yale University President’s Council on International Activities.

Mikhail Fridman, Non-executive

Mikhail Fridman Non-executive

Mikhail is one of the original founders of the Alfa Banking Group, along with a number of other major businesses, including Alfa Capital Management, Rosvodokanal Group, AlfaStrakhovanie Group, A1 Group, and X5 Retail Group.

Mikhail serves as the Chairman of the Board of Directors of LetterOne Holdings and LetterOne Investment Holdings, and is a member of the ABHH Board of Directors, the Board of Directors of Alfa-Bank (Russia), and the Supervisory Boards of VEON Ltd. and X5 Retail Group N.V. He also serves as a member of the Supervisory Board of DEA Deutsche Erdoel AG.

 

"I do think that you cannot create a major business without having a very precise system of values and principles.”

Mikhail Fridman

Since 2005, Mikhail has been the Russian representative on the International Advisory Board of the Council of Foreign Relations. That year he was also elected a member of the Public Chamber of Russia.

Mikhail has been the active supporter of the Jewish initiatives both in Russia and worldwide. In 1996, Mikhail was one of the founders of the Russian Jewish Congress and sits on its executive committee.

He graduated from the Moscow Institute of Steel and Alloys in 1986.

Mr. Fridman was born in Lviv, Ukraine.

Andrey Kosogov, Non-executive

Andrey Kosogov Non-executive

Andrey Kosogov graduated from the Moscow Power Engineering Institute (1987). In 1992 he was hired as CEO of Alfa Capital, and later became responsible for all investment units of Alfa-Bank (Russia).

In 1998, he was appointed the First Deputy Chairman of the Board of Alfa-Bank (Russia).

"Our primary goal is to be a market leader in all our business pursuits."

Andrey Kosogov

In the period of 2005-2009, Andrey was elected the Chairman of the Supervisory Board of Alfa-Bank (Ukraine) and continued to serve as a board member until 2015.

Andrey was the Chairman of the Board of Directors of Altimo, overseeing the cell network operator VimpelCom until its 2011 merger with the Egyptian billionaire Naguib Sawiris’s telecom holdings. The merger formed Wind Telecom, which eventually became the 6th world’s largest telecom company.

Currently, Andrey is a board member of ABHH, Alfa-Bank (Russia), Alfa-Bank (Kazakhstan), Alfa-Capital, LetterOne Holdings, LetterOne Investment Holdings, and AlfaStrakhovanie Group.

Andrea Maffezzoni, Non-executive

Andrea Maffezzoni Non-executive

Andrea has held various board positions and is currently a board member of CNP UniCredit Vita S.p.A., ABH Holdings S.A., ASSBB (Associazione per lo Sviluppo degli Studi di Banca e Borsa), and UniCredit & Universities Foundation.

He graduated from Business Administration at Bocconi University in 1997. After lecturing and research at Bocconi, Andrea joined UniCredit in 1998. As a member of the Group’s M&A team, he worked on major acquisition and reorganization projects carried out by the UniCredit Group until 2008, including the expansion into CEE and the merger with HVB.

From 2008 to 2011, Andrea led the Strategy and Planning unit of UniCredit Private Banking Division. He worked on the new European business model and development of the Division’s internal and external growth strategies. He then moved to the Planning Department in April 2011, where he headed F&SME Planning.

"Key factors for success are a strong business with a strategic view and motivated people – a company can only be just a good company and not a top player without one of those."

Andrea Maffezzoni

In November 2012 Andrea became Head of Group Investor Relations. Later, in September 2013 he was appointed Head of Group Planning, Strategy and Capital Management, covering at the same time, and ad interim, the IR position until June 2014. That gave him an opportunity to work on the Group Multi Year Plan 2013-2018 from both strategy and communications perspective.

Since October 2015 he has held the position of Head of Strategy, Business Development and M&A Department, focusing on business development activity such as Bancassurance, Credit Cards and the ongoing Strategic Review.

Andrey Elinson, Non-Executive

Andrey Elinson Non-Executive

Being an ABHH Board member, Andrey also is a board member for Alfa-Bank (Russia), AlfaStrakhovanie Group, X5 Retail Group, Strabag, Glavstroy (Moscow), and Transstroy. He currently serves as Chairman for Basel Aero, Basel Real-Estate, Glavstroy (Saint Petersburg), Continental Management, and MPZ Kazakova.

Since December 2015, he has been the Director of Asset Management in CTF.  

Andrey began his career at Deloite Touche Tohmatsu, working in Russia and the UK. Initially a Senior Auditor (1997), he became a partner in 2005.

"Our teams in all regions are focused on delivering innovation, smart business solutions and supporting our clients’ growth."

Andrey Elinson

In 2007, Andrey joined Basic Element as the Corporate Governance and Internal Control Director. In 2009, he was appointed Deputy General Director and CEO, managing and completing the Olympic Construction and management programs for the Sochi Winter Olympics in 2014.

Andrey is a Certified Public Accountant (USA, 2000), Certified Fraud Examiner (USA, 2001), Certified Russian Auditor (2003), and holds a Certificate in Company Direction of the Institute of Directors (UK, 2008).

Petr Smida, Independent

Petr Smida Independent

Petr has held various corporate and board positions in Alfa Banking Group, including CEO of Alfa-Bank (Russia) between 2003 and 2008.

Before joining Alfa-Bank in November 2003, he was Chairman and CEO of GE Capital Bank (Czech Republic) and Global Senior Vice-President at GE Consumer Finance (USA).

"Competitive advantage is the key to your strategy. You can have a great vision but if that vision does not carry a well-communicated competitive advantage, then you have a fundamental problem."

Petr Smida

Under his tenure as CEO of Alfa-Bank (Russia), the bank grew its balance sheet sixfold, developed a strong national retail banking franchise and further expanded its corporate and investment banking operations.

Andrew Baxter, Executive

Andrew Baxter Executive

Andrew is currently a board member of Alfa-Bank (Russia), Alfa-Bank (Ukraine), and PJSC "Ukrsotsbank" (Ukraine), having worked in the Alfa Banking Group since 2005 as Deputy Chairman of the Management Board and CFO (both until July 2013). Andrew also serves on the Audit Committee of Alfa Banking Group and participates in all main Board related matters.

"We believe that our success comes from building strong teams and empowering our people to produce optimal results."

Andrew Baxter

Prior to his time at Alfa-Bank (Russia), Andrew spent time as CFO, and subsequent Partner, at SUN Group (1999 – 2005) and Renaissance Capital (1997 – 1999). Previously, he was responsible for the full financial function of The US Russia Investment Fund (1994 – 1995) and CS First Boston, based in Moscow.

Andrew began his career in 1988 with Deloitte & Touche in Johannesburg, South Africa, where he qualified as a Chartered Accountant. Andrew also holds a Bachelor of Commerce and a Bachelor of Accountancy from the University of the Witwaterstrand. 

Pavel Nazariyan, Executive

Pavel Nazariyan Executive

Pavel is the Secretary of the Board and Managing Director of ABHH. He is also the Chairman of Alfa Capital Holdings (Cyprus) and Alfa Asset Management (Europe), and a board member of ABH Financial.

“Our leadership strategies are challenging to implement and demand ultimate dedication; however, they appear to be effective and often proactive, clearly aligned with our shareholders’ vision.”

Pavel Nazariyan

Between 1999 and 2002, he served as CFO of Alfa Bank Holdings Ltd., the ultimate holding company of the Alfa Banking Group.

Pavel received his Master of Engineering from the Bauman Moscow State Technical University and Master of Economics with Honors from the Moscow International Marketing and Management Academy. He is a graduate of Senior Executive and Mergers & Acquisitions executive programs at London Business School. He also completed Corporate Restructuring, Financial Instruments & Markets, and Valuation programs at Harvard Business School, and graduated from the Strategic Management in Banking and Leading from the Chair executive programs at INSEAD.