MOSCOW - The National Depository Center (NDC), Russia’s only settlement depository servicing the full range of Russian securities, announced today that representatives of NDC were named to the Board of Directors of the Settlement and Depository Company CJSC (SDC) at the annual general meeting of SDC’s shareholders held 1 June. Elected to the SDC board were Nikolai Egorov, Director, NDC, and Eddie Astanin, Deputy Director, NDC. Zhanna Klimova, Chief Accountant, NDC, was elected member of SDC’s Audit Commission.
NDC now owns 29% in SDC.
Biographies:
Nikolai Egorov was appointed NDC’s Director on 17 December 2004. He is a graduate of the Moscow Engineering and Physical Institute. In 1992-1996 he worked at MICEX as Head of the IT Department, Technical Director and Deputy General Director, and was responsible for the unified electronic trading depository system. Until June 1999, Mr. Egorov was Deputy Chairman of the Central Bank of Russia. He was responsible for IT, telecommunications departments, and controlled activities of the Main and Inter-Regional IT Centers, Technical Center, Center of Satellite Telecommunications. In addition, he was responsible for the Bank’s IT system development, development of data bank collection and processing of the information. In June 1999-April 2003 he was Deputy General Director for IT Issues, Aeroflot. On 29 April 2003 he was appointed First Deputy General Director, MICEX. On 14 October., 2005, he was appointed Senior Vice President, Member of the Board, MICEX.
Eddie Astanin was appointed Deputy Director, NDC, on 1 January 2005. He graduated from the Military Engineering Institute specializing in ballistic engineering, and also from the Financial Academy attached to the Government of Russian Federation, with a speciality in banking. He holds a PhD in technical science.
Zhanna Klimova was appointed Chief Accountant, NDC on 14 February 2005. She graduated from the Moscow Technological Institute, with a speciality in accounting.
About NDC:
Not-for-Profit Partnership “The National Depository Center” is the largest settlement depository in Russia, servicing the full range of equity securities of Russian issuers. It services 100% of transactions conducted in the federal bond market of the Bank of Russia, 95% conducted in the corporate and regional bond markets, and 90% of stock exchange share transactions. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, and 95% sub-federal and municipal bond issues. The international rating agency Thomas Murray has assigned NDC an A+ rating as a central depository. In 2006 the value of assets in storage was RUR 3.3 billion, turnover was RUR 30.7 billion, and the total number of operations 1.9 million. NDC is the largest paying agent on behalf of corporate bond issuers. It is Russia's national numerating agency, authorized to assign the international ISIN and CFI indexes. It is also a member of the international accounting infrastructure, providing settlements on the global financial markets using a direct account at Clearstream Banking S.A.
Among NDC’s founders are Bank of Russia and MICEX CJSC. Members include Bank of Russia, MICEX CJSC, OJSC Bank of Moscow, Sberbank, International Moscow Bank, JP Morgan Bank International LLC, Vneshtorgbank OJSC, Bank Rossiysky Credit OJSC, Evrofinans Mosnarbank OJSC, Rosbank, Gazprombank CJSC, ING Bank Eurasia CJSC and Deutsche Bank LLC. Recently Vneshekonombank was approved as a new member. The Partnership also has a stake in CJSC Depositary Clearing Company (36.96 %) and in CJSC Settlement Depository Company (29%).
Contacts: www.ndc.ru, or NDC press service: +7 495 232 0910,