Business news from Ukraine

Business news from Ukraine

Marina Adamovskaya appointed head of National Depository of Ukraine

1 January , 2026  

Marina Adamovskaya, who has been deputy chair of the board since June 2019, will become the new chair of the board of the National Depository of Ukraine (NDU, Kyiv). She will replace Alexei Yudin, who has been chair of the board since June 2021. According to a statement by the National Depository in the NSSMC disclosure system on Tuesday, this decision was made by the depository’s shareholders at an extraordinary meeting on December 24.

According to the statement, until Adamovskaya’s candidacy is approved by the National Securities and Stock Market Commission, Alexei Tarasenko, who has been a member of the NDU board since 2016, will serve as acting chairman.

The meeting also appointed Gennady Zhurov to the board, who in 2019-2022 was the head of projects and programs of the Payment Infrastructure Oversight Department of the Payment Systems and Innovative Development Department of the National Bank of Ukraine, and most recently worked as a senior consultant at Ukr-Resheniya LLC and Growth Solutions Partners.

In addition, the meeting re-elected Vitaliy Milentyev (independent) and representatives of the National Bank of Ukraine Yuriy Geletiy and Andriy Suprun as members of the supervisory board of NDU, and replaced two other independent members of the supervisory board – Vitaliy Lisovenko and Oleksiy Kiy were replaced by Oleg Mistyuk and Olena Dyatlova.

Mistyuk and Dyatlova are also independent members of the supervisory board of the Settlement Center, which is controlled by the National Bank, and Mistyuk is also an independent member of the supervisory boards of the state-owned Polygraph Combine Ukraine and Sens Bank.

In addition to managing 25% of the state’s shares in NDU, as of September 24 this year, the National Bank directly owned 25%, while the state-owned Oschadbank and Ukreximbank owned 24.9903% and 9.9903%, respectively. At the same time, the NSSMC appoints the trustee for the shares of Oschadbank, Ukreximbank, and the NBU’s corporate pension fund, but this provision of the law on the depository system is expected to be changed in the process of infrastructure reform.

Another 4.0795% of shares were owned by 27 legal entities and two individuals, in particular, Elena Nusinova owned 1.7054% of shares, and Odessa Privatization Center LLC, owned by former NSSMC member Viktor Ivchenko, owned 1.7151%.

As of the beginning of 2025, the NBU also owned 83.549% of the Settlement Center’s shares and managed another 1.441% on behalf of the state. State-controlled Oschadbank, Ukreximbank, Ukrgasbank, Sens Bank, and PrivatBank owned 3.208%, 3.208%, 3.222%, 0.319%, and 0.0005%, respectively, while the NDU owned 0.080% and other shareholders (1 individual and 22 legal entities) owned 4.973%.

The chairman of the supervisory board of the Settlement Center is Suprun, who since October this year has also been a member of the supervisory board of the NDU, replacing the representative of the NSSMC.

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