The former head of the Central Bank, Sergei Ignatiev, will leave the post of adviser to the current chairman of the Bank of Russia, Elvira Nabiullina, on March 31 and retire. Ignatiev headed the Central Bank from 2002-to 2013.
Advisor to the head of the chairman of the Central Bank, Sergei Ignatiev, will leave his post on March 31 and retire, the press service of the regulator said.
Through the press service, Nabiullina recalled that Ignatiev “laid the foundation for the development of a modern financial system” and “prepared everything for the transition to inflation targeting.” “Thanks to his efforts, a deposit insurance system appeared, a procedure for reorganizing banks, and the introduction of advanced approaches in banking regulation began,” the head of the Central Bank noted.
Ignatiev headed the Central Bank from 2002-to 2013, and in 2013 he worked as an adviser to Nabiullina. At the same time, since 2002, Ignatiev was the chairman of the Supervisory Board of Sberbank. In February of this year, for the first time since 2000, he was not included in the list of candidates for the Supervisory Board of Sberbank, and on February 15, the head of the bank, German Gref, announced that he would be replaced by Sergei Shvetsov, who then held the position of first deputy chairman of the Bank of Russia, who had moved to the post of adviser to the head of the Central Bank. Ignatiev is 74 years old.