Changes in the composition of the Pivdenny Bank Supervisory Board

Independent members of the Supervisory Board Margot Kahr Jacobs and Willibrordus Joannes de Bruijn are ending their cooperation with Pivdenny Bank.

The relevant decision was made at the General Meeting of Shareholders on 23 September 2020 in connection with the termination of their term of office in accordance with the law. 

The presence of Margot Jacobs and Willibrordus de Bruijn in the Pivdenny Bank Supervisory Board as independent directors has introduced a European approach, best practices, and independent judgement to the Board's operation. With contributions made by Ms. Jacobs and Mr. de Bruijn, the bank has reached a new level in corporate governance, becoming more open to the world.

Margot Jacobs put a great deal of effort into improving the bank's risk management system, which was highly praised by the National Bank of Ukraine during the limited scope audit in late 2019.

“It was an honour and a privilege to work in the Pivdenny Bank Supervisory Board for the last 12 years. I have seen Pivdenny Bank overcome external crises that have led to the closure of many other banks, as well as increase, expand and improve products and services for clients. It was a pleasure to work with such a competent and proactive management team, as well as to work in the Board along with shareholders who want only the best for the bank, its employees and clients,” said Margot Jacobs.

At the initiative of Willibrordus de Bruijn, changes in the internal audit reporting system were made, control over the elimination of deficiencies identified by the internal audit service during inspections was enhanced, and the process of interaction with the Board and bank services was significantly improved and systematized. With the assistance of Mr. de Bruijn, the bank successfully implemented several significant IT projects and increased the level of client service.

“I hope the satisfaction I received during my many years of cooperation with Pivdenny Bank was mutual. Over the years, the bank’s DNA has not changed, but almost everything else has. The number of banks in Ukraine has almost halved, and Pivdenny Bank has become a systemically important bank. The greatest achievement is that Pivdenny Bank has at all times fulfilled its debt obligations. I am convinced that Pivdenny Bank is in a good position to successfully respond to new challenges in the future, maintaining close contact with all clients and other stakeholders. And the constant impetus for improvement in the bank will help in further digitalization,” commented Willibrordus de Bruijn.

Oleksiy Bratanovskyi and Dan Pasko have become the new independent members of the Bank’s Supervisory Board.

 Oleksiy Bratanovsky has over 20 years of practical experience in the consulting and banking sector with a focus on strategy development, as well as the development of digital and innovative solutions. He has worked in leading international consulting companies such as BCG, PWC, EY. He has managed a number of projects in the field of corporate and transaction banking, retail business transformation and SME, built a risk management system, improved the internal control system and internal audit function for the largest international financial institutions in the UK, Eastern Europe and Caspian region. Oleksiy also has experience in the largest international banks – Bank Austria Creditanstalt, Unicredit Bank and Citibank – in leading positions in the field of retail and corporate banking, risk management and business process optimisation. He received a Master’s degree in Strategic Management and a Bachelor’s degree in Management at the State University Higher School of Economics.

Dan Pasko has over 20 years of experience in entrepreneurship and investment. Since 2016, he has been a Managing Partner of the investment company Diligent Capital Partners. Prior to work at Diligent Capital, Dan was a Director of Horizon Capital. Throughout his career at Diligent and Horizon, Dan focused on agribusiness, consumer goods and technology. Mr. Pasko was a member of the Board of Directors of several leading Ukrainian companies, including Allseeds, Miratech, Kyivstar and Nova Poshta. Dan served as President of the Harvard Club of Ukraine and holds a Master’s degree in Business Administration of the Harvard Business School.

“On behalf of the other Pivdenny Bank shareholders, I sincerely thank Ms. Jacobs and Mr. de Bruijn for their years of dedicated work by our side. Together, we have overcome external crises that have challenged global financial institutions. We appreciate the high qualifications and world-class experience that the Supervisory Board members shared with the bank, and we wish you success in the future. At the same time, we would like to congratulate Oleksiy Bratanovsky and Dan Pasko for their new appointments to the Supervisory Board. Their professional experience and knowledge will definitely come in handy for the bank. We want the common path that awaits us to be rich in achievements and accomplishments that will be felt by each of our clients,” said Yuriy Rodin, Chairman of the Board of Shareholders at Pivdenny Bank.

Up-to-date information on the composition of the Bank’s Supervisory Board is available at the link.