Credit Bank of Moscow public joint stock : MKB establishes Strategy and Sustainable Development Committee

MKB establishes Strategy and Sustainable Development Committee

05.02.2021

CREDIT BANK OF MOSCOW's Supervisory Board members and Management believe strongly in supporting initiatives that have a lasting positive sustainable impact on its clients and community. The Supervisory Board of Credit Bank of Moscow (MKB) is bringing this commitment to the front by adding the sustainability agenda to the bank's core strategy as part of the Strategy and Capital Markets Committee's competence, highlighted by the renaming the committee to the Strategy and Sustainable Development Committee.

The Strategy and Sustainable Development Committee is given new functions related to formulating and implementing the bank's sustainable development strategy and improving its internal procedures and processes in terms of social and environmental responsibility, including such matters as participating in green financing transactions, preparing non-financial reports, drafting and amending sustainable development bylaws. The Committee will define priority areas, goals and major principles of MKB's sustainable development strategy.

'The establishment of a committee focused on sustainable development is an important step in building an effective ESG corporate governance ethos within MKB. At the Supervisory Board's level, we embrace the bank's efforts on adopting a responsible business model and are ready to share our international experience to promote MKB's transformation into a socially and environmentally active and responsible company,' - commented Andrew Gazitua, Chairman of the Strategy and Sustainable Development Committee.

Andrew Sergio Gazitua started his investment banking career in 1989 with Merrill Lynch & Co in New York, transferring to London in 1992 to work in the financial institutions group. In 1999, Mr. Gazitua joined Donaldson, Lufkin & Jenrette International (subsequently acquired by Credit Suisse) as a Senior Vice President in investment banking.

After leaving Credit Suisse, Mr. Gazitua joined Putnam Lovell as a Managing Director in 2003 and subsequently rejoined Merrill Lynch & Co. in 2004 as the Chief Operating Officer for the European operations of investment banking and capital markets (or Origination). In 2007, he assumed responsibilities for Origination for Central and Eastern Europe, Middle East and Africa ('CEEMEA') and became the Chief Operating Officer for Global Origination.

From 2009 to 2011, Mr. Gazitua was Head of CEEMEA Corporate and Investment Banking at Bank of America Merrill Lynch. From 2016 to July 2017 he was Member of the Board of Directors of Walbrook Capital Markets Limited. From April 2013 to October 2017 he was a Chairman of the Board of Directors of one of the oldest banks in Latvia AS Expobank. From April 2015 to March 2019 he was Member of the Board of Directors of Awad Capital Ltd.

At present, he serves as member of the Board of Directors of Civitas Partners Holdings Limited, Chairman of the Board of Directors of Web Financial Group S.A. and member of Advisory Board of NPLMarkets Limited.

Senior INED - Member of the Bank's Supervisory Board since April 13, 2012.