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Management Board
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The Management Board of VAB Bank is the executive body of the Bank responsible for the Bank’s day-to-day administration and representing the Bank in its dealings with third parties. The primary responsibilities that are vested in the Board are to provide management of VAB Bank’s affairs as well as to safeguard effective risk management and internal monitoring. The Management Board also pays special attention to the quality of corporate governance of the Bank, constantly improving the structure and methods of management. »
The Management Board convenes regularly throughout the year with the meetings scheduled no less than once a month. Additional meetings are called with appropriate notice at any time to address specific needs of the business. Members as well as the Chairperson of the Management Board are appointed by the Supervisory Board.
The Management Board reports to the Supervisory Board with regard to current business operations and business planning, including any deviation of actual developments from the targets/plans set by the Supervisory Board.

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Petr Baron
Chairman of the Management Board (CEO)
With VAB Bank since 2003. Chairman of the Management Board since 2008. Over 10 years of banking experience working in Russia, Macedonia and Ukraine.
Education: City University Business School, London, England (major in Investment and Financial Risk Management) |

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Zhanna Makeyenko
First Deputy Chairman
Member of the Management Board since 2006. Over 17 years of experience, including over a decade experience in banking on managerial positions. Currently is responsible for subsidiaries operation.
Education: Kyiv National University, Ukraine (major in Finance and Business Administration) |

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Desmond O’Maonaigh
Deputy Chairman, Chief Financial Officer
Member of the Management Board since 2008. Over 17 years of experience with international institutions, including OTP Bank (Ukraine), International Finance Corporation, Ukraine International Airlines.
Education: University College Dublin, Ireland |

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Nataliya Shelko
Deputy Chairman, Chief Operations Officer
Member of the Management Board since 2008. Over 15 years of experience in banking, including Raiffeisenbank Aval (Ukraine), Raiffeisenbank Ukraine (OTP Bank), First Ukrainian International Bank (Ukraine), Bank “Ukraine”.
Education: Lviv State University, Ukraine; Kyiv Mohyla Business School, Ukraine. |

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Lukas Tursa
Deputy Chairman, Head of Treasury and Financial Institutions
With VAB Bank since 2006. Member of the Management Board since 2008. Over 10 years in finance being employed by financial organizations in UK and Lithuania (last position – Director of State Treasury Department of the Lithuanian Republic).
Education: City University Business School, London, England (major in Banking and International Finances) |

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Yuriy Klimov
Deputy Chairman, Head of Corporate Business
Member of the Management Board since 2008. Over 15 years of experience working with Russian and international companies, including Alfa-Bank, ABN AMRO, Siemens Financial Services (all Moscow based).
Education: Volgograd State University, Vienna University of Economics and Business Administration |

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Tsvetan Petrinin
Deputy Chairman, Head of Retail Business and Distribution
Member of the Management Board since 2008. Over 7 years of experience in banking, including First Investment Bank (Sofia), Russian banks.
Education: Bulgarian University of National and World Economy |

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Elena Domuz
Head of Risk Management
Member of the Management Board since 2008. Over 7 years of experience in banking, including Swedbank, Ukrgazbank and First Ukrainian International Bank.
Education: Kyiv National Economic University, Ukraine |

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Oleksandr Stupko
Head of Human Resources
Member of the Management Board since 2007. Over 9 years of HR management in many well-known companies, including UkrSibBank, McDonalds Ukraine Ltd and Sarmat.
Education: Kyiv International University of Civil Aviation, Ukraine |

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Andriy Kovtun
Head of Internal Financial Monitoring
Member of the Management Board since 2007. Over 10 years of experience in banking, including over three years of managerial experience in UkrSibBank.
Education: National Legal Academy of Ukraine |
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