The Supervisory Board consists of 15 members. The 2015 Annual General Meeting of Shareholders decided to reduce the number of members of the Supervisory Board to 12 starting from 2016.
The Supervisory Board is managed and administered by the Chairman the Supervisory Board, who is elected by the members of the Supervisory Board from among themselves, by a majority vote of the members of the Supervisory Board participating in the meeting when the election takes place.
For preliminary consideration and preparation of recommendations on the most important matters, the Supervisory Board set up the following committees:
The Strategy Planning Committee;
The Audit Committee;
The Nomination and Remuneration Committee;
The Budget Committee;
The Technical Policy Committee; and
The Risk Management Committee.
The committees are formed annually from among the members of the Supervisory Board. Additional IT experts are invited to participate in the Technical Policy Committee. Each committee includes independent directors.
Members of the Supervisory Board are experienced professionals who are able to implement Moscow Exchange’s strategy. They are experts in financial market infrastructure, the international industry of organised trading, financial information technologies, operational and financial risk management, financial reporting and budgeting processes. They also have competencies in personnel management and current approaches to incentivising top management.
After the 2015 Annual General Meeting of Shareholders, the Supervisory Board included five independent directors who met all the criteria of independence as set forth in the Listing Rules (no relations with the Company, major shareholders, major competitors or counterparties or with the government), nine non-executive directors and the Chairman of the Executive Board of the Exchange.
Moscow Exchange has no information on a conflict of interest (related also to the membership in management bodies of Moscow Exchange’s competitors) of members of the Supervisory Board and the Executive Board.
Supervisory Board members
As of 1 January 2015
Elected on 28 April 2015
Independent directors
Independent directors
Bratanov, Mikhail Valeryevich
Wang Yuan
Karachinsky, Anatoly Mikhailovich
Riess, Rainer
Bratanov, Mikhail Valeryevich
Wang Yuan
Karachinsky, Anatoly Mikhailovich
Riess, Rainer
Sharonov, Andrey Vladimirovich
Non-executive directors
Non-executive directors
Beattie, Nicola Jane
Glodek, Sean
Golikov, Andrey Fedorovich
Goreglyad, Valeriy Pavlovich
Zlatkis, Bella Ilyinichna
Denisov, Yuriy Olegovich
Kozlov, Sergey Alexandrovich
Kudrin, Alexey Leonidovich
Lykov, Sergey Petrovich
Shershun, Kirill Yevgenyevich
Beattie, Nicola Jane
Glodek, Sean
Golikov, Andrey Fedorovich
Goreglyad, Valeriy Pavlovich
Zlatkis, Bella Ilyinichna
Denisov, Yuriy Olegovich
Kudrin, Alexey Leonidovich
Lykov, Sergey Petrovich
Shershun, Kirill Yevgenyevich
Executive Director
Executive Director
Afanasiev, Alexander Konstantinovich
Afanasiev, Alexander Konstantinovich
Women comprise 20% of the members of the Supervisory Board.
Members of the Moscow Exchange supervisory board elected by the annual general meeting on 28 april 2015Information as of 31 December 2015. Professional background information is provided for the last five years.
Date/place of birth: 12 October 1960, Dobele, Latvia (USSR).
Alexey Kudrin graduated from Leningrad State University in 1983. Specialisation: Political Economy.
He also received a degree in Economics.
From 2007 until 2011, he served as the Deputy Prime Minister and the Minister of Finance of the Russian Federation.
Since 2011, he has been the Dean of the Faculty of Liberal Arts and Sciences at St. Petersburg State University.
He is the Deputy Chairman of the Supervisory Board at Sberbank of Russia, Chairman of the Civil Initiatives Committee, and a member of the Board of Directors at the New Economic School.
He was first elected to the Exchange’s Supervisory Board on 26 June 2014.
He does not own any shares in Moscow Exchange.
He reported no transactions involving shares of Moscow Exchange in 2015.
Chairman of the Nomination and Remuneration Committee, member of the Strategy Planning; Budget and Technical Policy Committees.
Date/place of birth: 14 March 1969, Volzhskiy, Volgograd Oblast
Andrey Golikov graduated from Lomonosov Moscow State University, Department of Mechanics and Mathematics
He held various positions, from 2009 to 2011, at Sberbank, including the Head of the Treasury and Financial Markets, and as member of the Executive Board.
He is a member of NCC Clearing Bank’s Supervisory Board.
He was first elected to the Exchange’s Supervisory Board on 24 April.
He does not own any shares in Moscow Exchange.
He reported no transactions involving shares of Moscow Exchange in 2015.
Alexander Afanasiev graduated from the Moscow Financial Institute in 1984. Specialisation:: International Economic relations.
He has a degree in Economics
From 1998 to 2011 he served as the Deputy Chairman of the Management Board at Bank WestLB Vostok, a subsidiary of the German banking group WestLB AG.
Since 2012 he has been serving as the CEO of Moscow Exchange.
He is a member of NCC Clearing Bank’s Supervisory Board, a member of NSD Supervisory Board, and a member of the Management Board at the Russian Union of Industrialists and Entrepreneurs.
He was first elected to the Exchange’s Supervisory Board on 25 June 2013.
He does not own any shares in Moscow Exchange.
He reported no transactions involving shares of Moscow Exchange in 2015.
Date/place of birth: 23 January 1966, Cobham, Surrey, UK.
She graduated in 1985 from Gilford Technical College, Gilford, Surrey, UK. In 1988, she received a BSc Honours degree from Birkbeck College, University of London.
Since 2008, she has been heading Market Structure Partners as the founder of the organisation.
Since 2012, she has been a member of Regulatory Decisions Committee of the Financial Conduct Authority.
She was first elected to the Exchange’s Supervisory Board on 20 June 2012.
She does not own any shares in Moscow Exchange.
She reported no transactions involving shares of Moscow Exchange in 2015.
Chairman of the Budget Committee, member of the Audit Committee, Nomination and Remuneration Committee and the Technical Policy Committee.
Date/place of birth: 16 May 1973, Dolgoprudny, Moscow Oblast.
In 1996, he graduated from the Moscow State College of Electronic Equipment with a specialisation in Automation and Information Technology in Technical Systems and in Management. In 2011, he received an Executive Master of Business Administration degree from the SKOLKOVO Moscow School of Management. In 2014, he received a Dip IoD Certificate from the Institute of Directors (UK).
He holds a PhD in Economics.
Since 2007 he has been serving at ROSBANK as the Head of Societe Generale Securities Services Russia and CIS, and also as the Director of the Depository Department.
He is a member of the Professional Association of Registrars, Transfer Agents and Depositories (PARTAD).
He was first elected to the Exchange’s Supervisory Board on 19 May 2011.
He does not own any shares in Moscow Exchange.
He reported no transactions involving shares of Moscow Exchange in 2015.
Member of the Strategic Planning Committee and Audit Committee
Date/place of birth: 17 February 1951, Beijing, China
She graduated from Shanxi University in 1986 with a Bachelor of Arts degree. In 1987, she received a Master of Science degree from the University of Bradford, with a specialisation in Developing Economies. In 1998, she received an MBA from the China Europe International Business School.
She also holds an Honorary Doctor of Science degree.
From 2006 to 2014, she worked at the China Development Bank Corporation.
She was first elected to the Exchange’s Supervisory Board on 26 June 2014.
She does not own any shares in Moscow Exchange.
She reported no transactions involving shares of Moscow Exchange in 2015.
Member of the Strategic Planning and Budget Committees
Date/place of birth: 17 July 1971, Warsaw, Poland.
He graduated from the University of Pennsylvania’s Wharton School (MBA) and from Stanford University (BA in Economics). Since 2011, he has been the Deputy CEO and a member of the Management Board at Russian Direct Investment Fund.
He is a member of the Supervisory Board at NSD.
He was first elected to the Exchange’s Supervisory Board on 25 June 2013.
He does not own any shares in Moscow Exchange.
He reported no transactions involving shares of Moscow Exchange in 2015.
Member of the Budget Committee and the Risk Management Committee
Date/place of birth: 18 June 1958, Glusk urban settlement, Glusk District, Mogilev Oblast
He graduated from the Moscow Aviation Institute in 1981 with a Mechanical Engineering Qualification (Aircraft Production)
He holds a Doctor of Science degree in Economics.
From 2010 to 2013, he served as the Deputy Chairman of the Account Chamber of the Russian Federation. Since 2013, he has been the Chief Auditor of the Bank of Russia.
He is a Professor at the Higher School of State Audit at Moscow State University.
He was first elected to the Exchange’s Supervisory Board on 26 June 2014.
He does not own any shares in Moscow Exchange.
He reported no transactions involving shares of Moscow Exchange in 2015.
Member of the Nomination and Remuneration Committee
Date/place of birth: 5 July 1948, Moscow
She graduated from the Moscow Finance Institute in 1970 with a specialisation in Finance and Credit.
She holds a PhD in Economics.
She has been serving as the Deputy Chairwoman of Sberbank’s Executive Board for more than 10 years. Earlier, she held a post at the Ministry of Finance for more than 30 years.
Since 2011, she has been a member of NSD’s Supervisory Board, and is currently the Chairwoman.
She was first elected to the Exchange’s Supervisory Board on 19 May 2011.
She does not own any shares in Moscow Exchange.
She reported no transactions involving shares of Moscow Exchange in 2015.
He graduated from the Moscow Institute of Railroad Transport Engineering in 1981 with a specialisation in Computer Science.
He is currently the Chairman of the Governing Board at IBS.
He chaired the Supervisory Board of the IBS Group for more than 10 years. He is the Chairman of the Supervisory Board at Luxoft Holding Inc, the Chairman of the Board of Directors at NewspaperDirect Inc (Canada), the Chairman of the Supervisory Board at Medialogia and a member of the Executive Board at the Russian Union of Industrialists and Entrepreneurs.
He was first elected to the Exchange’s Supervisory Board on 20 June 2012.
He does not own any shares in Moscow Exchange.
He reported no transactions involving shares of Moscow Exchange in 2015.
Chairman of the Audit Committee, member of the Risk Management Committee and Strategic Planning Committee.
Date/place of birth: 20 January1966, Darmstadt, Germany
He graduated from the University of Miami in 1993 with and MBA, and he received a Master of Economics degree in 1994 from Wolfgang Goethe University (Frankfurt).
From 1995 to 2013, he served as the Managing Director at Deutsche Börse AG.
From 2008 to 2013, he served as the Deputy Chairman of the Frankfurt Stock Exchange Management Board.
He is a managing partner and the owner of Addwis GmbH (Frankfurt), and he is also the Director General at the Federation of European Securities Exchanges AISBL (FASE).
He was first elected to the Exchange’s Supervisory Board on 25 June 2013.
He does not own any shares in Moscow Exchange.
He reported no transactions with the shares of the Moscow Exchange in 2015.
independent director, member of the Nomination and Remuneration Committee
Date/place of birth: 11 February 1964, Ufa
He graduated from the Ufa Aviation Institute (Engineering) in 1986 and from the Russian Academy of State Service under the President of the Russian Federation (Jurisprudence) in 1996.
Beginning in 2010, he spent three years as the Deputy Mayor for Economic Policy in the Moscow City Government.
Since 2013, he has been the Rector at the SKOLKOVO Moscow School of Management.
He is the Chairman of the Supervisory Board at MC NefteTransService LLC, a member of the Supervisory Board at VTB Bank, a member of the Board of Directors at NOVATEK, a member of the Board of Directors at Sovcomflot.
He was first elected to the Exchange’s Supervisory Board on 28 April 2015.
He does not own any shares in Moscow Exchange.
He reported no transactions with the shares of the Moscow Exchange in 2015.
member of the Supervisory Board, non-executive director
Date/place of birth: 18 May 1962, Moscow
He graduated from the Moscow Institute of Finance in 1984 with a degree in Finance and Credit.
In1990, he joined Centro Credit Joint Stock Commercial Bank, he has been serving there as the First Deputy Chairman of the Management Board since 2001.
He was first elected to the Exchange’s Supervisory Board on 16 May 1995.
He does not own any shares in Moscow Exchange.
He reported no transactions with the shares of the Moscow Exchange in 2015.
He graduated from the Moscow Institute of Instrument Engineering in 1984 with a degree in Instrument Engineering. In 1997, he received also a degree in International Economic Relations from the Finance University by the Government of the Russian Federation.
He has served as Senior Vice President and Deputy Director of the Investment Department at VTB 24 since 2005.
He was first elected to the Exchange’s Supervisory Board on 26 June 2014.
He was first elected to the Exchange’s Supervisory Board on 26 June 2014.
He does not own any shares in Moscow Exchange.
He reported no transactions with the shares of the Moscow Exchange in 2015.
The composition of Exchange’s Supervisory Board was changed at the AGM on 28 April 2015. Sergey Alexandrovich Kozlov, the non-executive director, has not been reelected to the Board this year.
Supervisory Board members’ competencies Supervisory Board members’ educational background Length of service on the Supervisory BoardThe cumulative length of service of all members is 83 years.
The cumulative length of service of all members is 83 years.