The Board of Directors of Asian-Pacific Bank recommended Andrey Vdovin (at present being Chairman of the Board of Directors) for the position of Chairman of the Executive Board. Mr. Vdovin’s official appointment will take place upon his approval by the Bank of Russia.

Mr. Vdovin is one of the main beneficiary owners of the Bank and the member of the Board of Directors during 10 years. The decision to chair the APB Executive Board at the challenging period for banking sector is associated with willingness to make prompt strategic and tactical decisions for successful business promotion. Mr. Vdovin possesses an impeccable business reputation with over 25 years of unique banking experience.

“The APB performance during last several years is impressive. This our joint success could not be possible without appropriate and professional management conducted especially by the Bank’s Executive Board and its Chairman Mr. Sergey Tyrtsev. Today APB is one of the priority businesses for the major shareholders, and we plan not only to retain the Bank’s position during the complicated period for financial sector, but to create new solutions and products for our clients. That is why I made a decision to head the Bank”, - said Mr. Vdovin.

Summary:

Andrey Vdovin, born in 1971 in Moscow. In 1993 he graduated from the Financial Academy of the Government of the Russian Federation, “Finance, Credit and Monetary Circulation”.

Started his banking career in 1988.

At different times he held positions of the Chairman of the Executive Board at Expobank LLC, M2M Private Bank OJSC, was the member of the Board of Directors at Barclays Bank LLC.

Nowadays he is the member of the Board of Directors at Asian-Pacific Bank, M2M Private Bank, the Insurance company Helios Reserve, Azbuka Vkusa as well as the President of the Russian Golf Association and Editor-in-chief of the Russian version of the SPEAR’S magazine.