VTB announced that senior vice president Mikhail Yakunin, who was in charge of the state banking group's foreign
banks and subsidiaries, is leaving VTB to join the board of directors of Russian National Commercial Bank. Yakunin has been nominated to the board on the recommendation of Federal Property Agency head Olga Dergunova, with whom he previously worked at VTB Group. Yakunin joined VTB Group in 2008. He became head of VTB Factoring in 2011 and was appointed senior vice president of VTB and head of its subsidiaries in August 2012.