Sergey Pchelintsev becomes new Head of East-West United Bank

The Bank's management efforts to build a new team and master its key competitive advantages – a strong capital base, a unique blend of experience and understanding of Russian and European businesses and financial systems and capabilities of its international team – have secured the Bank's capacity to perform in the future.

Following this successful transformation, the shareholders see the bank entering a period of organic growth, in terms of both assets and profits, and have by mutual consent agreed on an important change in management to ensure continuity in strong and successful leadership. Sergey Pchelintsev, formerly Head of Global Markets of EWUB, shall replace Svetlana Fedotova as CEO of East West United Bank (subject to approval by CSSF).

Mr. Pchelintsev is a seasoned banking professional with over 20 years of experience in major European and Russian banks possessing various qualities giving us confidence in future successful leadership of the bank.



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