Afanasyev Alexander Konstantinovich

Afanasyev Alexander Konstantinovich

Biography

Alexander Afanasyev was born in 1962.

Graduated from the Moscow Financial Institution in the International economic relations, Candidate of Economic Sciences.

Since 1991 works in the Russian banking system. In the Bank of Russia was engaged in creation of the first investment bank with foreign participation – the Russian Project Financing Bank, and after its creation worked in this bank as the chief executive.

Since 1996 worked as the board member of AB "Imperial".

Since September, 1998 worked in Vestlb Vostok Bank (closed joint stock company), subsidiary bank of the German bank concern WestLB AG, as the vice chairman of the board.

Since 2005 was the chairman Sektsii of MICEX Exchange market. Is a cochairman of National currency association and National Share association.

Since December 28, 2011 worked in JSC MICEX-RTS as the vice chairman of the board.

2012: Head of Moscow Exchange

On June 20, 2012 at annual General shareholder meeting JSC MICEX-RTS it is elected to a position of sole executive body of JSC Moscow Exchange.

2019: Yury Denisov replaces Alexander Afanasyev at the head of the exchange

In April, 2019 the supervisory board of the Moscow Exchange made the decision ahead of schedule to stop powers of the head of the exchange Alexander Afanasyev in communication by "early accomplishment of the tasks provided by the current strategy". As the successor the supervisory board offered one of the members, Yury Denisov (also heads the supervisory board of National Clearing Centre entering into group of the exchange). He should be confirmed to the new post after approval of the Central Bank.

Alexander Afanasyev held the chair of the head of the exchange seven years, on March 23, 2018 he was re-elected for two years. As Alexey Kudrin then heading the supervisory board of the exchange (now the post is held by Oleg Vjugin) explained, powers prolonged for completion of strategy implementation of 2015-2020.

But according to mister Afanasyev, "strategy is implemented this year, i.e. ahead of schedule". Now development of new five years' strategy which will be provided "to the coming months" is completed. Rotation of top management in five-seven years — the accepted corporate practice of the public companies, Alexander Afanasyev adds, calling a present situation "optimal" for delegation of power to Yury Denisov.

The Central Bank said that "are satisfied with seven years' activity of the exchange" under the leadership of mister Afanasyev. The decision of the supervisory board of the exchange not to postpone acceptance of new strategy and formation of new management team for its implementation in the Central Bank is called "logical". There support appointment of mister Denisov, noting, however, that "formal reconciliation procedures still ahead".

Sources of Kommersant both among large bidders, and among close to the exchange claim that change can be connected with a position of the Bank of Russia, in particular the first deputy chairman of the Central Bank Sergey Shvetsov^[1].

In opened it it was shown when in October, 2018 mister Shvetsov on the sidelines of the forum Finopolis 2018 said that the Moscow Exchange suspended listing for the Russian issuers who fell under the most tough sanctions from the American Ministry of Finance. The exchange, strangely enough, did not confirm and did not refute the statement of the representative of the regulator. And Alexander Afanasyev was forced to make very careful statement that at the platform "there is no obligation to accept all papers in listing". According to one of top managers of large investment company, "the possible conflict can be connected with the idea of the management of the Central Bank to create section of sanctions assets in what the Moscow Exchange as the public company, is hardly interested".

As the president of the Moscow International Currency Association (MICA) Alexey Mamontov explains, the specifics of the Moscow Exchange consist that it is controlled one shareholder — the Bank of Russia which at the same time is also the market regulator. At the same time solutions are defined often and one person representing this shareholder. According to mister Mamontov, so was also in the 1990s and when the exchange was headed by Alexander Zakharov, and the first deputy chairman of the Central Bank Andrey Kozlov was her curator. And when at the beginning of the 2000th years Alexander Potemkin came to the exchange, the deputy chairman of the Central Bank Konstantin Korishchenko was a curator of the exchange. And after mister Korishchenko headed the exchange, the first deputy chairman of the Central Bank Sergey Shvetsov began to supervise its activity.

At the same time, according to mister Mamontov, there are also objective reasons of replacement of the leadership. According to him, in activity of marketplace "the cheerfulness charge is lost" which she received after accession of the RTS exchange. After creation of institutes of central depository, the central counterparty and some other it actually turned into the share monopolist whose development slowed down. For stimulation of further development as the head of MMVA considers, the core shareholder in such conditions needed the person, "from which it is possible to require which had no baggage of success".

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