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Igor Strehl appointed Chairman of the Management Board at VTB Bank (Austria) AG

21 March 2011

Igor Strehl

Igor Strehl has been appointed Chairman of the Management Board at VTB Bank (Austria) AG, replacing the former CEO of VTB’s Austrian subsidiary, Richard Vornberg. The decision was taken on 16 March 2011 at the session of the Supervisory Board.

“As the CEO of VTB Bank (Austria), Richard Vornberg made a significant contribution to the development of the lending institution. I would like to express my deepest gratitude to Richard for his many years of outstanding service and wish him the best of luck in his future endeavors”, Vasily Titov, Chairman of VTB Bank (Austria) Supervisory Board and First Deputy President and Chairman of VTB Bank Management Board, said. "In Igor Strehl, we have found an exceptionally competent manager with a vast experience in European banks. I am confident that he will help strengthen the position of VTB Group in the European financial market”, he added.

Besides, Christian Müllner was elected member of the Management Board. He will be in charge of risk management, legal compliance and customer identification. Peer Kebbel, who used to work at VTB Bank (Deutschland) AG, was appointed Chief Executive Director.

For reference:

Before the new appointment, Igor Strehl was Chairman of the Management Board at VTB Bank (Deutschland) AG in Frankfurt. His competencies included corporate relations, Russian and international financial institutions, international settlements and treasury. Since November 2010, he has been a member of VTB Bank (Austria) AG Management Board. Igor Strehl was born in Yartsevo (Russia). He holds a degree in economics and has worked for many years at Commerzbank AG in Germany and Russia as Deputy Director and Chairman of the Board at Commerzbank (Eurasia) ZAO in Moscow. In 2007. Mr. Strehl was appointed member of VTB Bank (Deutschland) AG Management Board, making an important contribution to the successful business development of the bank.

VTB Bank (Austria) AG, located in Vienna, is the main corporate European bank of the Russian VTB Bank. Its consolidated capital amounts to EUR 1 billion, and the consolidated balance amount is EUR 7.5 billion. The bank has two subsidiaries, VTB Bank (Deutschland) AG and VTB Bank (France) SA. VTB Bank (Austria) AG offers financing for commercial operations and projects in Russia and the CIS, as well as settlement and investment services.

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