Shahmar Movsumov

Independent member of Supervisory Council, member of the Audit Committee, member of the Remuneration and HR Committee

Shares owned in the charter capital of VTB Bank – none.

Family ties to other members of governing or supervisory bodies of VTB Bank – none.

Member of the Supervisory Council since 28 June 2013.

19.09.2018 – 11.12.2019
Board Member of the International Forum of Sovereign Wealth Funds
14.03.2018 – present
Chairman of the Supervisory Board of the International Bank of Azerbaijan
05.04.2017 – 29.11.2019
Chairman of the Extractive Industries Transparency Commission (EITC), Azerbaijan.
15.07.2016 – 29.11.2019
Member of the Financial Stability Council of the Republic of Azerbaijan
15.09.2014 – present
Member of the Board of Trustees of the ADA University Foundation.
05.03.2014 – 29.11.2019
Member of the Southern Gas Corridor Advisory Council.
15.05.2006 – 29.11.2019
Executive Director of the State Oil Fund of Azerbaijan. Official responsibilities: Setting out asset management guidelines, managing the fund’s affairs, appointing and dismissing employees, overall management of the Fund’s operation in accordance with the law and internal documents.
30.03.2006 – 29.11.2019
Deputy Chairman of the Azerbaijan Investment Company Supervisory Board
2005 – 2006
General Director of the National Bank of Azerbaijan.
1995 – 2005
Various positions at National Bank of Azerbaijan including chief FX markets economist, head of group, head of section, deputy head of department, director, chief advisor to CEO.
Born in Nakhichevan, Azerbaijan.

2004 – Graduated from John F. Kennedy School of Government, Harvard University, MBA in Public Finance;

1995 – Graduated from the Moscow State Institute of International Relations (MGIMO University), degree in international economic relations.

“Tereqqi” Medal of Azerbaijan Republic.