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  • 01 march 2018
    Denis Sivachyov is appointed CEO of NPF SAFMAR
  • Denis Sivachyov is appointed CEO of JSC NPF SAFMAR, a part of PJSC SAFMAR Financial investments. He was earlier selected by the Fund’s Board of Directors and approved by the Bank of Russia.

    “Denis Sivachev has vast experience in retail banking and knows the system of risk management in pension-related business. This combination of skills is in high demand in the current challenging pension-related market,” comments Mikhail Gutseriev, Chairman of NPF SAFMAR Board of Directors, “Experience in the sphere of retail financial technologies is a must for quality development of the current NPF business, and it is particularly true for pension funds of SAFMAR Group, which provide services for four million Russian citizens”.

    According to the goals set by the Board of Directors, top priorities for a new CEO of NPF SAFMAR include quality business development based on an efficient correlation between operating expenses and income, and an increase of clients’ loyalty. One more major goal is integration of SAFMAR NPF Group, which will strengthen the fund’s market standing, increase the efficiency of corporate management and risk control.

    Denis Sivachev has over 20 years of professional experience in finance.

    In 1998, he graduated from Plekhanov Russian University of Economics majoring in Banking and Finance.

    In the banking sphere Denis Sivachev worked his way up from an operator at Sberbank of Russia branch office to Senior Vice President of B&N Bank. In 1996-1999, he worked at Sberbank of Russia, then at large private credit institutions – Guta Bank, Zenit Bank. For more than ten years he worked at B&N Bank and was responsible for the development of the private customer service system. In 2007, Denis Sivachev became a member of the Management Board, Senior Vice President of B&N Bank. He was in charge of retail banking development.

    In 2012, Denis Sivachev shifted to the pension-related business as Vice President for risk management at NPF Doverie, a part of SAFMAR Industrial and Financial Group. In March 2017, he became Deputy CEO of NPF SAFMAR, and in July 2017, he was appointed acting CEO of the Fund.