OREANDA-NEWS. On 16 June 2009 was announced, that CJSC IFC ART-CAPITAL shareholders elected the company’s new supervisory board members at their last meeting. Leonid Gorodetskiy, Director of Asset Management Company ART-CAPITAL Management, who is responsible for the development of the group’s asset management business, was elected Chairman of the Supervisory Board.

Yevgen Kravtsov, who headed the group’s back office before, was appointed Director of CJSC IFC ART-CAPITAL.

“These decisions are made to optimize our internal management procedures and to allow quicker responses to new opportunities,” says Leonid Gorodetskiy. “We are confident that the company owners’ clear vision of the business development strategy, optimal governance structure and the many years' experience and professionalism of our team will enable our company to increase its market share significantly.”