Specialist German-Russian trade bank appoints new senior manager
VTB Bank (Deutschland) AG has appointed Alexander Frey as the new member of its Management Board effective 30 September 2013. He will initially join Axel Breitbach as head of the middle- and back-office areas and take responsibility for the Risk/Controlling, International Payments, Legal and AML/Compliance departments.
Mr Frey has headed the Legal department at VTB Bank (Deutschland) AG since 2010 and was appointed as fully authorised representative in this capacity in 2011. As a qualified lawyer, he has an extensive background as in-house council specialising in banking organisation and operations in an international environment.
CEO Dr. Valeriy Lyakin remarked that “as the new member of our Management Board, we wanted an ambitious and dependable personality of the calibre of Alexander Frey, who not only represents the values of the Bank but also has the ability to realise our visions of the future. We are delighted to welcome Mr Frey as our new Management Board member, not least because his appointment underscores our commitment to the highest competence and our desire to offer our clients the optimum services with genuine competitive advantages. We are a strong and flexible partner, and we shall continue to develop our involvement in the Russian and European market.”
Mr Frey has already been supporting the management for several years and is regarded as a specialist in the legal aspects of banking operations. “I am delighted with my new position at VTB Bank (Deutschland) AG and with the responsibility it entails,” he said. “The main focus of my work will be on risk management and the renewal of internal processes and systems. I would also like to express my thanks for the confidence and support of the staff, who play a major role in the achievements of the Bank and are instrumental in helping us to write new chapters in our success story.”
VTB Bank (Deutschland) AG at a glance
VTB Bank (Deutschland) AG is a commercial and specialized bank for German-Russian trade relations. For over 40 years the bank has been a competent and reliable partner to their clients in helping their business in Russia and the Commonwealth of Independent States (CIS) with advisory and execution services. The bank has an extensive know-how and market-specific expertise, excellent contacts to the Russian market as well as competent staff capable of concrete, fast, focused and flexible solutions to address the needs of corporate customers.
VTB Bank (Deutschland) AG is a member of the VTB Banking Group, which is listed at the stock exchanges in London and Moscow. VTB Bank is the second largest Russian bank, and it is the largest Foreign Trade Bank of the Russian Federation. It offers not only its own expertise, but also the networking benefits of an internationally active commercial bank.
VTB Bank, measured at its total assets, belongs to the 100 largest banks in the world, and has a geographically unique network of approximately 1,000 branches in Russia, and many offices and subsidiaries in the CIS countries, Europe and the Emerging Markets.
VTB Bank (Deutschland) AG
60594 Frankfurt am Main