Mikhail Kuzovlev
Mikhail V. Kuzovlev | |
|---|---|
| Born | August 8, 1966 Krasnogorsk, Moscow Region, Russia |
| Occupation(s) | Financier, banking executive |
| Known for | President and chairman of the management board at JSC Bank of Moscow |
Mikhail V. Kuzovlev is a prominent Russian financier and banking executive, currently holding the positions of president and chairman of the management board at JSC Bank of Moscow.
Biography
Born on 8 August 1966 in Krasnogorsk, located in the Moscow Region, Kuzovlev completed his higher education in 1988 at the Moscow State Institute of International Relations, earning a degree in International Economic Relations. He is proficient in both English and Persian.
Career
From 1990 to 1996, he served as senior deputy director and vice-president at Probusiness Foreign Trade Centre.
In 1997, Kuzovlev took charge of the Financial Operations Division and subsequently became vice-chairman of the management board at Commercial Bank Probusinessbank.
By 2000, he advanced to senior vice-president at AKB Probusinessbank.
In 2002, he was appointed vice-president of JSC Foreign Trade Bank (Vneshtorgbank).
Two years later, in 2004, Kuzovlev assumed the role of chairman of the management board at ZAO KB GUTA-BANK, which was later rebranded as VTB-24.
He became president and chairman of the management board at VTB-24 in 2005.
Between 2004 and 2014, he held the positions of executive managing director and chairman of the board of directors at Russian Commercial Bank (Cyprus) Ltd.
From 2008 until 2011, Kuzovlev was senior vice-president and chairman of the management board at OAO Bank VTB.
Between 2010 and 2012, he served on the board of directors at JSC RZD.
Since April 2011, he has been serving as president and chairman of the management board at JSC Bank of Moscow.
From 2012 to 2013, Kuzovlev was a member of the board of directors at JSC NK Rosneft, Russia’s leading oil enterprise.
Work at the Bank of Moscow
Following the departure of Yuri Luzhkov from his position as Moscow Mayor and the inclusion of Bank of Moscow in a privatisation initiative, Kuzovlev—then senior vice-president and chairman at Bank VTB—spearheaded negotiations for VTB Group’s acquisition of a controlling interest.
In January 2011, both Kuzovlev and VTB president Andrey Kostin were proposed for seats on Bank of Moscow’s board; shareholders recommended Kuzovlev for the presidency.
On 22 February 2011, VTB Group purchased a 46.48% stake in Bank of Moscow from the Moscow Government, with Kuzovlev overseeing the financial due diligence process.
Two days later, on 24 February 2011, Andrey Kostin was appointed chairman of the board while Kuzovlev took on the role of senior vice-president.
After former president Andrey Borodin was dismissed amid an investigation in April 2011, Kuzovlev was named acting president and officially confirmed by shareholders on 21 April 2011.
Under Kuzovlev’s leadership in November 2011, Bank of Moscow adopted its development strategy for 2011–2014 within VTB Group. The plan centers on operating as an independent universal bank with a focus on serving the Moscow region. Emphasizing cutting-edge technological services, the bank functions as VTB Group’s principal institution catering to medium-sized and small enterprises as well as retail customers in Moscow and its surrounding areas.
Public activities
Business Council for Co-operation with Cyprus
Since March 2011, Mikhail Kuzovlev has chaired the Business Council for Co-operation with Cyprus. In September that year, he signed agreements aimed at attracting direct foreign investment between Russia and Cyprus and facilitating investment and technology exchanges with both the Cyprus Agency for Promoting Investment and the Cyprus-Russia Business Association.
Russian Union of Industrialists and Entrepreneurs
On 8 February 2012, Kuzovlev was elected chairman of the Coordinating Committee for the Central Federal Area within the Russian Union of Industrialists and Entrepreneurs (RUIE). The following day, during the XIX (V) RUIE Congress, he joined RUIE’s management board and assumed the role of Vice-President.
Tushino Children’s City Hospital
In July 2012, Kuzovlev became chairman of the Guardianship Council at Tushino Children's City Hospital—the largest pediatric hospital in Europe. He launched urgent initiatives including supplying 100 computers to establish a dedicated specialized network.
Civic Chamber of the Moscow Region
Kuzovlev has been a member of the Civic Chamber of the Moscow Region since July 2012.
Moscow Chamber of Commerce and Industry
In October 2012, he was elected president of the Moscow Chamber of Commerce and Industry.
Civic Chamber of Moscow
Since April 2013, Kuzovlev has chaired the Civic Chamber of Moscow.
External links
- Board of Directors at Bank of Moscow // bm.ru
- Executive Profile & Biography of Mikhail Kuzovlev // businessweek.com – 2012
- "Following its acquisition by VTB Group, Russia’s second-largest lender, Bank of Moscow aims to increase lending by 40 percent this year," stated CEO Mikhail Kuzovlev // Bloomberg.com – 30.01.2012
- VTB appoints its protégé to lead Bank of Moscow // reuters.com – April 2011
- The inaugural meeting of the Public Chamber of Moscow was held // opmoscow.ru – April 2013