The Supervisory Board of Moscow Exchange (MOEX) has resolved it would be prudent to re-elect Yury Denisov as Chairman of the Executive Board.

Yury Denisov’s three-year term of office as Chairman of the Executive Board of Moscow Exchange will expire on 12 May 2022. The Supervisory Board has initiated the procedure for Mr. Denisov’s re-election in advance and approved his candidacy for election from May 2022 for an additional three-year term.

Oleg Viyugin, Chairman of the Moscow Exchange Supervisory Board, said:

“In accordance with best corporate governance practices, the Supervisory Board of Moscow Exchange considered re-electing the head of the Exchange well in advance of the expiry of his term of office. Under the leadership of Yury Denisov, the Exchange is successfully rolling out projects to introduce new products and services as part of Strategy 2024.

Operational and financial results are ahead of the forecasts. Considering these results, the Supervisory Board believes it appropriate to re-elect Mr. Denisov for another three-year term.”

Yury Denisov has been Chairman of the Executive Board of MOEX since 16 May 2019.

He has more than 25 years of financial markets experience, including leadership positions at major Russian financial companies. He previously held an executive role at Moscow Exchange, serving as Deputy CEO in 2010-2011. During this time, he was involved in the development of new financial instruments and services, and was also responsible for the establishment of the fully-fledged central counterparty and financial risk-management function, as well as the development of the Group’s cash management system.

Yury Denisov was a member of Moscow Exchange’s Supervisory Board from 2008-2011 and again from 2013 till the present. At various times he chaired the Board’s Risk Committee, Business Standards & Practices Committee and Audit Committee. He has also served as a member of the Strategic Planning Committee, Nomination & Remuneration Committee and Budget Committee. Since 2008 he has been a member of the Supervisory Board of the National Clearing Centre (NCC), which acts as the central counterparty on all of the Exchange’s markets.

In 2010-2011 and since 2016 he has served as Supervisory Board Chairman. Since 2018 he has also served on the Board of the National Settlement Depository (NSD).

From 2002-2010, Yury Denisov was Senior Vice President and Head of Treasury at VTB Bank, deputy head of the bank’s committee on asset and liability management and a member of its credit committee. At various times he was responsible for trading operations on the securities market, money and FX markets, as well as capital management.

From 1992-2002, he worked at Eurofinance Bank, latterly as Vice President – Head of Treasury and a member of the asset and liability management and credit committees. He began his career at Vnesheconombank in 1987.

In 1993, Yury Denisov graduated from Moscow State Institute of International Relations (MGIMO), specialising in international economic relations.