Andrey Kostin

Andrey Kostin

Andrey Kostin (Андрей Костин), 2012
Born Andrey L. Kostin
(1956-09-21) September 21, 1956
Moscow, Russia.
Nationality Russian
Alma mater Moscow State University, Faculty of Economics
Occupation
  • President and Chairman of VTB Bank
  • Member of the Supervisory Council of VTB Bank
  • Member of the Board of Directors of VTB Capital
Website www.vtb.com

Andrey L. Kostin (born September 21, 1956) is a Russian banker, currently President and Chairman of the Management Board of VTB Bank, Member of the Supervisory Council, and Chairman of the Board of Directors of several VTB subsidiaries, including Bank of Moscow and VTB 24, PhD in Economics. [1] In 2007, VTB Supervisory Council extended Kostin’s term as President and Chairman of the Management Board until 2012. In April 2012, VTB Supervisory Council reappointed Kostin until 2017.[2] Shares owned in the charter capital of VTB Bank – 0.00183%.

He is one of the most active representatives of the Russian banking sector and is a frequent guest on CNBC,[3] Fox News,[4] CNN,[5] BBC and Bloomberg TV-channel. He has twice participated in the Charlie Rose show on Bloomberg television,[6] as well as the Hard Talk programme on BBC.[7] He took part in the World Economic Forum (Davos, Switzerland) in 2015, 2014, 2013[8] and 2012.[9]

Background

Born on September 21, 1956 in Moscow, Kostin graduated with honors in 1979 from Moscow State University with a degree in International Economics. In 2001 received a PhD in Economics for a dissertation entitled "Globalisation: A Form of Internationalisation of the Economy".

Career

1979-1992: Diplomatic service: during 1979-1982 – in the USSR Consulate General in Australia, in 1985-1990 – in the USSR Embassy in UK.

1993-1995: Deputy Head of the Foreign investment Department at Bank Imperial.

1995: Elected First Deputy Chairman of the National Reserve Bank.

October 18, 1996: Under the Presidential Decree Appointed as Chairman of Vnesheconombank, with the authorities being extended in 1999 for another three years.

Since 2002: VTB Bank: President and Chairman of the Management Board, Member of the Supervisory Council.

November 2011: Appointed Chairman of the APEC (Asia-Pacific Economic Cooperation) CEO Summit, which was successfully held in September 2012 in Vladivostok.

Positions in other organizations

Decorations

Sanctions against Russia

According to The New York Observer, Kostin allegedly "threatens US with ‘War’." Kostin wrote: "If Russian banks’ access to SWIFT will be prohibited, the US ambassador to Moscow should leave the same day. Diplomatic relations must be finished."[11]

Personal

Married, with children and grandchild.

Hobbies: theater, arts, alpine skiing.

External links

References


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