Alexey Korovin to head Asian-Pacific Bank after approval from the Bank of Russia

Asian-Pacific Bank (APB) will send Alexey Korovin's nominee to the Bank of Russia for the approval to the position of Chairman of the Management Board. Sergey Avramov leaves the bank. Mikhail Malakhov, Deputy Chairman of the Management Board, is temporarily appointed for the position of Acting Chairman of the Management Board of APB. These decision have been made by the APB's Board of Directors on October 30, 2020.

Since September 30, 2020 Alexey Korovin has been a member of the APB's Board of Directors as an independent director. He has more than twenty years of banking experience. Alexey Korovin held executive positions as the Chairman of OTP Bank Management Board, the Member of the Management Board and the Head of Retail Business of Alfa-Bank. In the last few years, Alexey Korovin has been developing his own project in the spheres of information technologies and corporate training.