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Former Finance Minister Kudrin Lands Job at Moscow Stock Exchange - Report
3.02.2014 12:15
Former Finance Minister Kudrin Lands Job at Moscow Stock Exchange - Report
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Former Finance Minister Alexey Kudrin may be appointed chairman of the Supervisory Board of the Moscow Stock Exchange, says online news agency

      The offer has been made by the Central bank that controls 22.5 percent of the Moscow Stock Exchange.

      If he accepts the offer, it will be the first major position for Kudrin after he was quit the government in 2011 against the backdrop of disagreements with then president Dmitry Medvedev over military spending.

      After his dismissal, he founded Committee of Civil Initiatives, an NGO that is looking for ways to re-shape Russia’s development.

      According to Kommersant, Alexey Kudrin has already given his consent to the proposal from Elvira Nabiullina.

      His main goal as the new chairman will be to boost the capitalization of the Exchange before the Central Bank’s expected sale of its stake.

      Moscow Exchange is Russia's largest securities exchange group. Established on 19 December 2011 with the merger of MICEX Group (created in 1992) and RTS Group (1995), it ranks among the world's top 20 exchanges by trading volume and total market cap of shares traded, and among the top 10 derivatives exchanges. Its participants enjoy the state of the art, hi tech infrastructure to trade stocks, bonds, currency, fund shares, ETFs, commodities (grain, gold, silver), and derivatives, including OTC. 

Author: Mikhail Vesely

Tags: Alexey Kudrin Russian Finance Minister Moscow Stock Exchange Committee of Civil Initiatives  

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