Annual report 2016

Membership of the Supervisory Board

Of the members of the Supervisory Board Independent Directors comprise 50 %
Supervisory Board Members
Supervisory Board members as of 1 January 2016 Supervisory Board members elected on 27 April 2016
Independent directors
1.Bratanov, Mikhail Valeryevich 1.Wang Yuan
2.Wang Yuan 2.Karachinsky, Anatoly Mikhailovich
3.Karachinsky, Anatoly Mikhailovich 3.Riess, Rainer (Senior Independent Director)
4.Riess, Rainer 4.Gordon, Maria Vladimirovna
5.Sharonov, Andrey Vladimirovich 5.Paterson, Duncan
Non-executive directors
6.Beattie, Nicola Jane 6.Glodek, Sean
7.Glodek, Sean 7.Golikov, Andrey Fedorovich
8.Golikov, Andrey Fedorovich 8.Goreglyad, Valery Pavlovich
9.Goreglyad, Valery Pavlovich 9.Denisov, Yury Olegovich (became an independent director on 18 October 2016)
10.Denisov, Yury Olegovich 10.Zlatkis, Bella Ilyinichna
11.Zlatkis, Bella Ilyinichna 11.Kudrin, Alexey Leonidovich
12.Kudrin, Alexey Leonidovich
13.Lykov, Sergey Petrovich
14.Shershun, Kirill Yevgenyevich
Executive directors
15.Afanasiev, Alexander Konstantinovich 12.Afanasiev, Alexander Konstantinovich

Members Of Moscow Exchange’s Supervisory Board Elected By The Annual General Meeting On 27 April 2016 Data as of 31 December 2016. Professional Background data is given for the last five years.

Alexey Leonidovich KUDRIN

Alexey Leonidovich KUDRIN

Chairman

Date/place of birth: 12 October 1960, Dobele, Latvia (USSR).

Alexey Kudrin graduated from Leningrad State University in 1983. Specialisation: Political Economy.

He also received a degree in Economics.

  • Between 1996 and 2000, he held leading positions in the Russia Federation Government.
  • From 2000 until 2011, he served as the Deputy Prime Minister and the Minister of Finance of the Russian Federation.
  • Since 2011, he has been the Dean of the Faculty of Liberal Arts and Sciences at St Petersburg State University.
  • He is the Deputy Chairman of the Supervisory Board at Sberbank of Russia, Chairman of the Civil Initiatives Committee and a member of the Board of Directors at the New Economic School.
  • He was first elected to Moscow Exchange’s Supervisory Board on 26 June 2014.

He does not own any shares in Moscow Exchange.

He reported no transactions involving shares in Moscow Exchange in 2016.

Andrey Fedorovich Golikov

Andrey Fedorovich Golikov

Deputy Chairman

Chairman of the Budget Committee, member of the Strategic Planning Committee and Technical Policy Commission.

Date/place of birth: 14 March 1969, Volzhskiy, Volgograd Oblast.

Andrey Golikov graduated from Lomonosov Moscow State University, Department of Mechanics and Mathematics in 1991.

  • He held various positions, from 2009 to 2011, at Sberbank, including the Head of the Treasury and Financial Markets, and was a member of the Executive Board.
  • He is a member of NCC Clearing Bank’s Supervisory Board.
  • He was first elected to Moscow Exchange’s Supervisory Board on 24 April 2003.

He does not own any shares in Moscow Exchange.

He reported no transactions involving shares in Moscow Exchange in 2016

Alexander Konstantinovich Afanasiev

Alexander Konstantinovich Afanasiev

Executive Director

Date/place of birth: 12 January 1962, Moscow.

Alexander Afanasiev graduated from the Moscow Financial Institute in 1984. Specialty: International economic relations.

He has a degree in Economics

  • From 1998 to 2011, he served as the Deputy Chairman of the Management Board at Bank WestLB Vostok, a subsidiary company of the German banking group WestLB AG.
  • In 2011, he joined the Executive Board of Moscow Exchange.
  • Since 2012, he has been serving as the CEO of Moscow Exchange.
  • He is a member of the NCC Clearing Bank Supervisory Board, a member of NSD Supervisory Board and a member of the Management Board at the Russian Union of Industrialists and Entrepreneurs.
  • He was first elected to Moscow Exchange’s Supervisory Board on 25 June 2013.

He owns 2,948,385 shares, or 0.1294% equity interest, in Moscow Exchange.

The list of transactions involving shares in Moscow Exchange in 2016 is provided in Chairman and Members of the Executive Board section of this report.

Yuan WAN

Yuan WAN

Independent Director

Member of the Strategic Planning Committee.

Date/place of birth: 17 February 1951, Beijing, China.

In 1976, she graduated from Shanxi University with a Bachelor of Arts degree. In 1987, she received a Master of Science degree in Developing Economies from the University of Bradford. In 1998, she received an MBA from the China Europe International Business School.

She also holds an Honorary Doctor of Science degree.

  • Between 2001 and 2006, she served as an Advisor to the Securities and Futures Commission of Hong Kong.
  • From 2006 to 2014, she worked at the China Development Bank Corporation.
  • She was first elected to Moscow Exchange’s Supervisory Board on 26 June 2014.

She does not own any shares in Moscow Exchange.

She reported no transactions with Moscow Exchange’s shares in 2016.

Sean GLODEK

Sean GLODEK

Non-Executive Director

Member of the Strategic Planning, Budget and Risk Management Committees.Date/place of birth: 17 July 1971, Warsaw, Poland.

He graduated from the Wharton School of the University of Pennsylvania (MBA) and from Stanford University (BA in Economics).

  • Since 2011, he has been the Deputy General Director and a member of the Management Board at Russian Direct Investment Fund.
  • He is a member of the Supervisory Board at NSD.
  • He was first elected to Moscow Exchange’s Supervisory Board on 25 June 2013.

He does not own any shares in Moscow Exchange.

He reported no transactions involving shares in Moscow Exchange in 2016.

Maria Vladimirovna GORDON

Maria Vladimirovna GORDON

Independent Director

Date and place of birth: 13 February 1974, Vladikavkaz, Republic of North Ossetia.

In 1995, she received a Bachelor’s degree in Political Science from the University of Wisconsin (USA). In 1998, she received a Master of Arts degree in Law and Diplomacy from the Fletcher School of Law and Diplomacy at TUFTS University (USA).

  • Between 2010 and 2014, she was the Chief Emerging Markets Equity Portfolio Manager at Pacific Investment Management Co. (PIMCO).
  • She is a member of the Supervisory Board at ALROSA.
  • She was elected to Moscow Exchange’s Supervisory Board on 27 April 2016.

She does not own any shares in Moscow Exchange.

She reported no transactions involving shares in Moscow Exchange in 2016.

Valery Pavlovich GOREGLYAD

Valery Pavlovich GOREGLYAD

Non-Executive Director

Date/place of birth: 18 June 1958, Glusk, Mogilev Oblast.

He graduated from the Moscow Aviation Institute in 1981 with a Mechanical Engineering Qualification (Aircraft Production).

He holds a Doctor of Science degree in Economics.

  • From 2010 to 2013, he served as the Deputy Chairman of the Account Chamber of the Russian Federation. Since 2013, he has been the Chief Auditor of the Bank of Russia.
  • He is a Professor at the Higher School of State Audit at Moscow State University.
  • He was first elected to Moscow Exchange’s Supervisory Board on 26 June 2014.

He does not own any shares in Moscow Exchange.

He reported no transactions involving shares in Moscow Exchange in 2016.

Yury Olegovich DENISOV

Yury Olegovich DENISOV

Independent Director

Chairman of the Risk Management Committee, member of the Strategic Planning Committee and the Nomination and Remuneration Committee.

Date/place of birth: 31 May 1970, Moscow.

He graduated from the Moscow State Institute of International Relations in 1993 with a qualification in International Economic Relations.

  • From 2010 to 2013, he was the Executive Board Deputy Chairman at Moscow Exchange.
  • Since 2008, he has been a member of the Supervisory Board at NCC Clearing Bank and currently chairs the Supervisory Board.
  • He was first elected to Moscow Exchange’s Supervisory Board on 25 June 2013.

He does not own any shares in Moscow Exchange.

He reported no transactions involving shares in Moscow Exchange in 2016.

Bella Ilyinichna ZLATKIS

Bella Ilyinichna ZLATKIS

Non-Executive Director

Date/place of birth: 5 July 1948, Moscow.

She graduated from the Moscow Finance Institute in 1970 with a specialisation in Finance and Credit.

She holds a PhD in Economics.

  • She has been serving as the Deputy Chairwoman of Sberbank’s Executive Board for more than 10 years. Earlier, she held a post at the Ministry of Finance for more than 30 years.
  • Since 2011, she has been a member of NSD’s Supervisory Board, and is currently the Chairwoman.
  • She was first elected to Moscow Exchange’s Supervisory Board on 19 May 2011.

She does not own any shares in Moscow Exchange.

She reported no transactions involving shares of Moscow Exchange in 2016.

Anatoly Mikhailovich KARACHINSKY

Anatoly Mikhailovich KARACHINSKY

Independent Director

Chairman of the Technical Policy Committee.

Date/place of birth: 12 July 1959, Moscow.

He graduated from the Moscow Institute of Railroad Transport Engineering in 1981 with a specialisation in Computer Science.

  • He is currently the President and the Chairman of the Governing Board at IBS.
  • He chaired the Supervisory Board of the IBS Group for more than 10 years. He is the Chairman of the Supervisory Board at Luxoft Holding Inc, the Chairman of the Board of Directors at NewspaperDirect Inc (Canada), the Chairman of the Supervisory Board at Medialogia and a member of the Executive Board at the Russian Union of Industrialists and Entrepreneurs.
  • He was first elected to Moscow Exchange’s Supervisory Board on 20 June 2012.

He does not own any shares in Moscow Exchange.

He reported no transactions involving shares in Moscow Exchange in 2016.

Duncan PATERSON

Duncan PATERSON

Independent Director

Chairman of the Audit Committee, member of the Strategic Planning Committee

Date/place of birth: 11 January, 1951, Woking, Surrey, UK.

He is a Fellow of the Institute of Chartered Accountants in England and Wales (year of qualification: 1973). In 1978, he graduated from the London School of Economics and Political Science with an MSC in Accounting and Finance.

  • Current position: Non-executive Chairman, GH Financials Limited, London UK.
  • Professional background: Managing partner at MA Partners, Senior Managing Director at Wilco International, Business Development Director at ACT Financial Systems, COO at County NatWest Investment Management, CFO at Security Pacific Hoare Govett.
  • He was elected to Moscow Exchange’s Supervisory Board on 27 April 2016.

He does not own any shares in Moscow Exchange.

He reported no transactions involving shares in Moscow Exchange in 2016.

Rainer RIESS

Rainer RIESS

Independent Director

Chairman of the Strategic Planning Committee, Chairman of the Nomination and Remuneration Committee, member of the Audit Committee

Date/place of birth: 20 January1966, Darmstadt, Germany.

He graduated from the University of Miami in 1993 with an MBA, and he also received a Master of Economics degree in 1994 from Wolfgang Goethe University (Frankfurt).

  • From 1995 to 2013, he served as the Managing Director at Deutsche Börse AG.
  • From 2008 to 2013, he served as the Deputy Chairman of the Frankfurt Stock Exchange Management Board.
  • He is a managing partner and the owner of Addwis GmbH (Frankfurt), and he is also the Director General at the Federation of European Securities Exchanges AISBL (FASE).
  • He was first elected to Moscow Exchange’s Supervisory Board on 25 June 2013.

He does not own any shares in Moscow Exchange.

He reported no transactions involving shares in Moscow Exchange in 2016.

Supervisory Board members’ competencies
Length of service on the Supervisory Board
Supervisory Board members’ educational background