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Mr Oleg Borunov appointed Non-Executive Director for Sova Capital Limited

24 Sep 2018

We are pleased to announce that Mr Oleg Borunov, Deputy Chairman of the Management Board of Credit Bank of Moscow, has been appointed as Non-Executive Director for Sova Capital Limited (“SCL”) and approved by the UK regulator, the FCA.

Oleg was appointed as Deputy Chairman of the Management Board, Member of the Management Board and Head of Investment Business at Credit Bank of Moscow (public joint-stock company) in October 2017. Oleg has more 14 years of global markets experience. Prior to joining Credit Bank of Moscow, Oleg headed up the Equities Department at VTB Capital and held executive positions at Deutsche Bank between 2005 and 2008 and at UFG between 2004 and 2005.

Oleg began his financial services career working for Transcapitalbank JSCB in 1998, remaining there until 2000.  He then worked as a currency control expert at Alfa-Bank from 2000 until 2002. From 2002 until 2004 he fulfilled the role of Head of Treasury Department at Sun Chemical Company.  Oleg majored in finance and credit at State University of Management, Moscow, in 2002. He also gained a CISI certificate in UK Financial Regulation in 2014 and a CYSEC certificate in the Financial Services Regulatory Framework in 2017.

In his new role, Oleg will assist the Board of Directors to fulfill and maintain its fiduciary duties and to meet its regulatory responsibilities. Furthermore, Oleg will assist the Board in discharging its responsibilities to all SCL stakeholders and will provide a link between the firm and Concern Rossium Group. His input and insight into the group’s strategy will be beneficial at a granular level in strengthening Sova Capital’s relationships with other significant group entities.