Board of Directors
Biography: Jeannot Krecke
After being a member of the Luxembourg Parliament for 15 years and as a result of the June 2004 legislative elections, Jeannot Krecké was appointed Minister of Economy and Foreign Trade as well as Minister of Sport of the Grand Duchy. In this role Mr Krecké was responsible for guiding the country’s overall economic policy and competitiveness. Upon the renewal of the coalition government in June 2009, Jeannot Krecké maintained his role as Minister of Economy and Foreign Trade.
In July 2004 he was appointed to represent the Luxembourg government at the Council of Ministers of the European Union in the Internal Market, Energy and Industry sections of its Competitiveness configuration as well as in the Economic and Financial Affairs Council. He was also a member of the Eurogroup from July 2004 to June 2009.
In February 2012 Mr Krecké became the CEO of Key International Strategy Services, an economic advisory firm he founded soon after retiring from his role as Minister of the Economy and Foreign Trade, deciding to end his active political career in order to pursue a range of different projects in private business.
Jeannot Krecké currently serves on the Board of Directors of following companies:
ArcelorMittal SA - since February 2010 Calzedonia Finanziara S.A. - since September 2012 PJSFC Sistema – since June 2012 China Construction Bank Europe- since October 2013 Novenergia Holding Company S.A. – since April 2013 Jan De Nul, Sofidra S.A. – since February 2014
Mr Krecké wrote several books on personal taxation in Luxembourg as well as a book on the control functions of the Luxembourg Parliament. He also produced a report on tax fraud in 1997. His expertise further earned him external consulting roles with consulting firms Mazars (1994-1999), Arthur Andersen (1999-2003), Ernst & Young (2003-2004) and Genii Capital (2012 – 2015).
Since 2013 Jeannot Krecké is a Member of the Board of East-West United Bank. In 2015 he was appointed Chairman of the Board of Directors. Mr Krecké is also a Chairman of EWUB Risk Committee and a Member of Nomination, Remuneration and Corporate Governance Committees.
Biography: Natalia Evtushenkova
In 1973 Natalia Evtushenkova graduated from the Mendeleyev University of Chemical Technology in Russia with an Engineer’s degree in Chemistry and Technology of Macromolecular Compounds. In 1996 Natalia Evtushenkova successfully completed the course: "The organization of internal control in commercial banks" and "Internal audit" in the Moscow Finance and Banking School. From 2008 to 2013 Mrs. Evtushenkova finished courses at the following institutions: Banking Institute of Russian Banking Association, Business School Consultant, course “Actual aspects of legislation for credit institutions on counteracting AML for crime and terrorist financing purposes” in Financial Centre “New Parity”.
Natalia Evtushenkova is a member of the Board of Directors of JSC MTS Bank.
Since 2008 Natalia Evtushenkova has been a Member of the Board of Directors in East-West United Bank. Mrs Evtushenkova is also the Chairwoman of Nomination, Remuneration and Corporate Governance Committee.
Biography: Ilya Filatov
In 1998 Ilya Filatov graduated from the Moscow State Academy of Water Transport with Qualification - economist-manager, specialization - Economics and Enterprise Management for water transport industry.
In 2009 Ilya Filatov got his MBA in Enterprise Financial Management at Higher School of Economics of International Business of the Russian Presidential Academy of National Economy and Public Administration (RANEPA). He received MBA qualification: Financial Management of Enterprise, Master of Business Administration.
From 2005 to 2014 Mr. Filatov held executive positions in UralSib bank, and from 2008 he was appointed Deputy Chairman of the Board. He also worked in Elbim-Bank, Commercial Bank “Platina” and in Moscow Credit Bank. Ilya Filatov is a member of the Board of Directors of Sistema Capital and JSC Russian Telephone Company.
In December 2014 he was appointed first deputy Chairman of JSC MTS Bank and in 2015 as a Chairman of the Board of Directors of “MTS Bank”.
Since 2015 Ilya Filatov is a Member of the Board of Directors in East-West United Bank. Mr Filatov is also a Member of EWUB Strategy and Audit Committees.
Biography: Hans-Ulrich Hügli
Hans-Ulrich Hügli went to school in France and in Germany. In 1975 Mr Hügli graduated from the University of Zurich with specialization in jurisprudence. In 2001 he completed the Advanced Management Program of the Harvard Business School.
After training as a Legal Secretary at the District Court of Zurich, Hans-Ulrich Hügli joined the International Loan Department of Bank Leu in Zurich in 1979. From 1985 to 1989 he worked as Vice President at the Capital Markets department of J.P. Morgan in Zurich, and later he continued his career with the bank’s branches in Tokyo and Hong Kong. In 1993 Mr Hügli returned to Europe and became Managing Director of Banque Leu in Luxembourg. From 1997 until his retirement in 2012 Hans-Ulrich Hügli was CEO and Country Manager of Credit Suisse in Luxembourg.
Hans-Ulrich Hügli currently serves on the Board of Directors of following organisations:
Vodafone Investments Luxembourg Tareno Luxembourg
From 2013 Hans-Ulrich Hügli is an Independent director on the Board of Directors of East-West United Bank. Mr Hügli is also a Chairman of EWUB Audit Committee and a Member of Risk Committee.
Biography: Didier Mouget
Didier Mouget studied at the Belgian business school HEC Liège and holds a Master’s degree in Business and Finance.
Mr Mouget was qualified as auditor (Reviseur d’Entreprises) in 1986 and he is also a qualified accountant (Expert Comptable).
Didier Mouget started his career with Coopers & Lybrand (nowadays, PwC) in 1982 in Luxembourg and spent 2 years in Democratic Republic of the Congo (DRC) from 1984 to 1986, where he specialised in the mining industry.
He became a Partner at PWC in 1991 and occupied various leadership positions both in Luxembourg and in the PwC international network including Insurance and Banking industries Leader, Audit Leader, COO, Senior Partner, and EMEA Asset Management Leader.
Didier Mouget served as the audit Partner in many banks including the 3 largest Luxembourg banks as well as numerous other global and European financial organisations.
From 2005 to 2013 he served as member of the PwC International Global Board. Didier Mouget led the PwC Luxembourg firm as Senior Partner from 2007 to 2015. Didier Mouget has been a member of several CSSF technical advisory committees, the HCPF (Haut Comité de la Place Financière) and the Board of Fedil (Fédération des Industriels Luxembourgeois).
Mr Mouget also acts as Director in various Luxembourg companies in the ICT (Information and Communication Technologies) and real estate industries.
In 2016 Didier Mouget was appointed as Independent Director at the Board of Directors of East-West United Bank. Mr Mouget is also a Member of EWUB Strategy,Audit and Risk Committees.
Biography: Vsevolod Rozanov
In 1994 Vsevolod Rozanov graduated from the Lomonosov Moscow State University with specialization in Economics, Department of Foreign Economies.
From 1993 to 2001 Mr. Rozanov held various consulting positions at Bain & Company in Moscow, London and Stockholm. From 2002 to 2004 he worked as Deputy CEO of Economics and Finance in CJSC MTU-Inform. From 2004 to 2006 Vsevolod Rozanov held position of Vice President of Economics and Finance at OJSC Comstar United Telesystems.
From 2006 to 2008 he was Vice President for Finance and Investments, as well as member of the Management Board at MTS.
From 2008 to 2013 he held a position of CEO of Sistema Shyam TeleServices Ltd (India).
Since 2012 Vsevolod Rozanov is on the Board of Directors of PJSC "MTS-Bank", and also a member of the Budget Committee and Committee on Corporate Conduct and Ethics established at the Board of Directors of PJSC “MTS-Bank”, and a member of the Board of SSTL.
Since 2013 he is a Senior Vice President, Head of the Complex of Finance and Investments, a member of the Board of PJSFC "Sistema".
Since 2015 Vsevolod Rozanov is a Member of the Board of Directors in East-West United Bank S.A. Mr Rozanov is also a Member of EWUB Risk Committee and Nomination, Remuneration and Corporate Governance Committee.
Board Committees
Only members of the Board of Directors may be elected to a Board Committee. Members of the Board of Directors may form Board Committees to provide assistance to the Board of Directors in preparation and adoption of decisions in the respective functional areas, as well as in ensure a detailed scrutiny of the issues submitted for consideration to the Board of Directors.
The Board of Directors is assisted in its activities by the following committees established at the Board of Directors level:
Strategy Committee
The Strategy Committee has been established as a body of the BoD to discuss and analyze, when commissioned by the BoD or on its own initiative, issues of strategic development of the Bank, give recommendations to the BoD, provisionally approve strategic transactions, projects related to entering new markets and public and private partnerships, and to monitor the strategic management cycles of the Bank.
The areas falling under the responsibility of the Strategy Committee include:
- Preliminary approval of the Bank's strategy and goals;
- Consideration of M&A transactions and large investment projects of the Bank;
- Consideration of projects related to entering new markets;
- Consideration of other non-standard deals/transactions when commissioned by the BoD or upon the Committee’s own initiative.
Thus, the scope of activity of the Strategy Committee in relation to the areas defined above includes approval in principle of the concept and goals of projects and transactions, assessment of project risks, project prioritization, consideration of project funding sources, review of project progress.
Audit Committee
The Committee conducts a detailed discussion and analysis of the issues related to managing EWUB in the following areas:
- Independent auditor relationship (internal and external audit);
- Preparing and auditing financial statements of EWUB and monitoring these processes;
- Financial reporting processes, accounting policies, and internal control;
- Whistleblowing system for reporting potential cases of wrongdoing;
- Follow up on litigations;
- Monitoring of Compliance issues.
Risk Committee
The areas falling under the responsibility of the Risk Committee include:
- Reporting to the BoD regarding the risk profile of the Bank;
- Review of the risk appetite statement;
- Review of the risk appetite usage against thresholds set;
- Review and approval of the key risk policies;
- Evaluation of the adequacy of the risk management function;
- Review and validation of the Recovery Plan of the bank;
- Deciding on credit proposals which are outside the authority of the credit committee.
Nomination, Remuneration and Corporate Governance Committee
The role of the Nomination, Remuneration and Corporate Governance Committee includes:
- Preparing recommendations to the control functions in setting the overarching principles and parameters of the Remuneration Policy;
- Preparing any matter pertaining to the remuneration schemes of the Bank;
- Overseeing the central and independent review of the Remuneration Policies and practices;
- Preparing recommendations to the Board of Directors regarding the remuneration of all staff members;
- Overseeing the remuneration of the Authorized management, other members of the Management committee and the Managers in charge of the control functions;
- Validating changes to senior executive incentive plans;
- Reviewing and validating employee share and similar schemes;
- Ensuring that the remuneration system properly takes into account all types of risks, liquidity and capital levels as well as ensuring that the overall remuneration policy is consistent with the long-term and prudent management of the Bank.