VTB Bank Supervisory Council appoints Denis Bortnikov to VTB Bank Management Board
26 October 2011
The VTB Bank Supervisory Council on 26 October 2011 appointed Denis Bortnikov to VTB Bank Management Board, subject to approval by the Russian Central Bank.
As a member of the Management Board, Denis Bortnikov will continue to run VTB Bank’s North-West Regional Centre.
Denis Bortnikov has 15 years of experience in the banking industry. He started out in 1996 at JSC Industry and Construction Bank. When that bank was acquired by VTB and renamed VTB Bank North-West in 2007, Denis Bortnikov was appointed Deputy Chairman of the Management Board. In 2011, after completing the integration of VTB Bank North-West into VTB Bank, Denis Bortnikov became Senior Vice President and Head of VTB Bank’s North-West Regional Centre.
Denis Bortnikov’s candidacy was proposed and approved by the Supervisory Council in order to broaden and improve the governance system at VTB. His appointment brings the number of Board members to 11, close to the 12 required by the Supervisory Council Resolution dated 19 June 2010.
Andrey Kostin, VTB Bank President and Chairman of the Management Board, said: “Denis Bortnikov’s appointment reflects the increasing role of the North-West Regional Centre in the Group. I am confident that his knowledge of the Russian banking sector and his experience in project management will allow us to expand our reach not only in Russia’s North-West, but in other strategic regions of VTB Group’s presence.”
Denis Bortnikov was born on 19 November 1974. He graduated from the St. Petersburg University of Economics and Finance, majoring in national economy. From 1996 to 2004, Denis Bortnikov worked for JSC Industry and Construction Bank ( renamed JSC VTB Bank North-West in June 2007). From 2004 he served as Advisor to the General Director of the North-West Branch of GUTA-BANK. From 2005 he was Deputy General Manager of Vneshtorgbank Retail Services. In 2006 he was appointed Deputy General Manager of JSC Vneshtorgbank Branch in St. Petersburg. From November 2007 he was Deputy Chairman of the Management Board, from August 2010 he was First Deputy Chairman of the Management Board, and from 1 February 2011 – Chairman of JSC VTB Bank North-West Management Board (presently – JSC VTB Bank North-West Regional Centre). After JSC VTB Bank North-West was fully integrated into JSC VTB Bank, Denis Bortnikov became Head of JSC VTB Bank North-West Regional Centre and VTB Senior Vice President.
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