The Ukrainian government has confirmed for a new term the powers of two of the six independent members of Oshchadbank’s supervisory board – Juan Enrique Perez Calot and Anton Pyatygin – and appointed new ones to replace their four colleagues.
“The four new members will replace Baiba Apin (head of the supervisory board – IF), Michael Weinstein, Peter Briggs and Janne Harjunpaa,” Oshchadbank said in a statement Monday.
It is pointed out that the previous board, which also includes five government representatives, approved a strategy to transform Oshchadbank into a commercially attractive institution, taking into account possible privatization. However, the implementation of this strategy was suspended because of the armed aggression of the Russian Federation.
According to the press release, Michal Krupinski, Elizabeth Nelson, Philip Heasley and former Raiffeisen Bank Aval CEO and NEQSOL Holding Ukraine regional director Vladimir Lavrenchuk were appointed as new members of the supervisory board.
The bank does not give any other details about the new members of the NBU. Below is information from LinkedIn and the EBRD website about bankers and financiers with the same first and last names as the appointed new independent members of the SBU.
According to LinkedIn, Michal Krupinski is a senior advisor to Warburg Pincus and head of the board of Gemini Polska, and was also head of the board of the insurance company PZU and president of state bank Pekao S.A.
Philip Heasley was president and CEO of ACI Worlwide from 2005-2020, and now serves on the boards of Jopari Solutions Inc. and PayPower.
Elizabeth Nelson, according to the European Bank for Reconstruction and Development’s website, has been a vice president there since 2012, including vice president of risk and compliance and director of risk management from late 2016 through late 2019. Prior to that, she worked as head of credit at the Financial Services Authority’s (FSA, now PRA) Division of Risk Professionals in the U.K., and even earlier had a 30-year career at JPMorgan Chase.
According to the National Bank of Ukraine, by March 1, 2023 Oschadbank in terms of total assets was in second place (311.19 billion UAH) among the 65 operating banks in the country.
