Karen Safaryan has been Chairman of the Board of Directors since 2003. Mr. Safaryan also serves as the President of RASCO LLC and the Chairman of the Supervisory Board of Directors of International Business Center JV CJSC. Prior to joining the Bank, he was the Chairman of the Board of Directors and the General Director of Rosaviaspetskomplekt CJSC from 1999 to 2002 and from 1997 to 1999. Mr. Safaryan was also the General Director of Transit CJSC from 1995 to 1997. He graduated from the Azerbaijan Polytechnic Institute in 1985.
Abel Aganbegyan has been a member of the Board of Directors since 2009. Mr. Aganbegyan is currently the Head of the Department for Economic Theory and Policy of the Academy of National Economy, and served there as the Rector from 1989 to 2002. Mr. Aganbegyan graduated from the Moscow State University of Economics in 1955.
Aram Andreasyan has been a member of the Board of Directors since 2009 and previously from 2005 to 2006. Mr. Andreasyan also serves as a member of the Board of Directors of International Business Center JV CJSC. He served on the Bank’s Management Board as the Chairman from 2003 to 2009, and as the Acting Deputy Chairman, Deputy Chairman, Acting Chairman and Chairman from 1994 to 1998. Mr. Andreasyan served as the Head of Division and the Advisor of the Presidential Administration of the Republic of Armenia from 1998 to 2003. From 1992 to 1994, he was the Head of the State Tax Inspection of Hrazdan region, and from 1980 to 1992 Mr. Andreasyan served as the Economist, Head of Planning Subdivision, Head of Financial Subdivision and Deputy General Manager of Hrazdan-Mash. He graduated from the Yerevan State Institute of National Economy in 1979.
Gagerin Tosunyan has been a member of the Board of Directors since 2009. Mr. Tosunyan currently serves as the President of the Association of Russian Banks. From 2000 to 2002, he worked at the Academy of National Economy under the Government of the Russian Federation and the State and Law Institute of the Russian Academy of Sciences. Mr. Tosunyan was an Advisor to the Prime Minister of Russia on financial and credit issues. In 1998, he served as a Member of the Commission of the Russian Government on the issues of economic reforms and was a Member of the Management Board of the Agency of Credit Organisation Restructuring OJSC. Mr. Tosunyan graduated from the Moscow State University named after M.V. Lomonosov in 1977.
Grigori Babadzhanyan joined the Board of Directors in 2015 and since 2015 and currently is Head of retail business development at Leto Bank. Mr. Babadzhanyan worked at Alfa-Bank JSC, one of the largest banks in the Russian Federation, since 2010 to 2015 and served there as Deputy Director of Retail Business, Segment Director. From 2007 to 2010, he worked at VTB24 Bank as the Head of CRM and Research. Mr. Babadzhanyan graduated from Moscow Aviation Institute in 2000 and obtained a PhD in Economics and Management of Industry from there in 2004.
Werner Claes joined the Board of Directors on May 25, 2016 and since 2008 and currently he is Senior Associate International Financial Consulting Ltd. and CEO BVBA Global Financial Consulting, Short Term consultant IFC Crisis Response Program. He also holds the position of Member of Board of Directors at “Bank Centre Credit” JSC, independent director (since 2011) and the Member of the Board of Directors at “United International Bank N.V.” LLC (since 2010). From 2007-2008 Mr. Claes worked at Fortis Bank as Director of Business Development and Strategy. From 1988-1995 he worked at Kredietbank as credit analyst and financial auditor of troubled companies.
Mr. Claes graduated from Brussels Flemish Higher School of Economics, Brussels Vlekho postgraduate education center and Ehsal management school.