VTB President-Chairman Andrey Kostin: biography, family, career

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

For the development of the country, it is very important for the Supreme Apparatus of Russia to have in its structures people who can analyze, think strategically, lead people, while defending the interests of the Motherland. One of these leaders is Andrey Leonidovich Kostin, the real president of VTB, whose activities go far beyond the scope of his position. His track record and good deeds indicate that he is a true professional in his field, a patriot and a good family man.

Biography of a banker

The birthplace of Andrey Kostin is the capital of Russia - Moscow. In this city on September 21, 1956, he was born. His father worked for a long time in the Central Committee of the CPSU. At the same time, he used a scientific approach to a number of issues on the country's economy, which in a certain way influenced the formation of his son as a person.

In childhood, in addition to receiving a general education, the boy attended violin lessons. His dream was to study well and in the future to receive the title of academician of sciences. It is the craving for knowledge and the desire to achieve goals, as well aspaternal participation in shaping Andrey's worldview contributed to his successful career.

After graduating from school, in 1973 the young man became a student at the Moscow State University. M. Lomonosov. He was interested in the field of finance, so he chose the Faculty of Economics to realize his life plans.

Career

After an excellent graduation from the university, Andrey Leonidovich Kostin was assigned to the Consulate General of the Soviet Union in Australia as an international economist. He stayed in Sydney until 1982. Further activities of the financier took place in the European Department of the Ministry of Foreign Affairs, where he worked for a total of 5 years (1982-1985 and 1990-1992). The interruption of the labor process in this department was connected with a trip to the UK, where he served as an employee of the USSR Embassy.

In 1992, a new era of the banker's activity began: he went into business. And the first organization for the benefit of which A. L. Kostin worked was the Russian Investment and Financial Company. There he de alt with the debts of the USSR, in particular, the development and implementation of schemes aimed at minimizing them.

A year later, the economist moved to the Imperial Bank, where he managed foreign investments, and in 1995, the National Reserve Bank became his place of work.

1996 was a turning point in A. L. Kostin's career. It was from that moment that the financier's activity turned into a political channel. His candidacy was approved during the election of the chairman"Vnesheconombank", and by decree of the President, he was appointed to this senior position. At that time, this commercial institution was identified as an agent of Russia, responsible for working with the assets and debts of the country. It was this direction that went under the responsibility of the manager.

In 2011, A. Kostin's childhood dream partially came true: his thesis defense and the coveted degree of Candidate of Economic Sciences appeared in his track record.

The entire biography of Andrey Kostin (VTB) is replete with senior positions: a member of the board of directors, boards of trustees and supervisory boards of various organizations, the company's presidium, management bureau, etc.

This list testifies to his extraordinary mind, strategic thinking, leadership and organizational skills.

VTB in the life of an economist

After a failed attempt by the top management of the country to reunite Vnesheconombank and Vneshtorgbank, Kostin A. L. (together with part of the team) moved to VTB as president and chairman of the board.

During Kostin's leadership, 2 subsidiaries of this commercial structure were created: VTB 24 and VTB North-West, and the main company entered the international level. The work of the banker in this organization was and is so effective that in 2017 his powers in this structure were extended for another 5 years.

Andrey Kostin's official biography at VTB testifies to his professionalism: according to the resultsForbes magazine research in 2011 and 2013 the banker was recognized as the highest paid manager of the Russian Federation. His income, according to the publication, amounted to 37 million dollars.

Multitasking

The scope of the economist was not limited to banking. In 2006, he headed the Russian Artistic Gymnastics Federation, and thanks to his vast board experience, he became one of the collegiate leaders of PJSC NK Rosneft.

In 2007, Kostin joined the management of Russian Railways, although after some time he decided to give up his powers in order to devote himself entirely to the development of VTB.

And it bore fruit: for his knowledge, high professionalism, and skillful management of the company, banker Andrey Leonidovich Kostin took second place in the ranking of the most influential financiers in Russia.

Due to the fact that he has a lot of experience that he can pass on to future economists, the businessman was appointed director of the Graduate School of Management at St. Petersburg State University.

The significance of Kostin's personality is so great that the US Department of the Treasury included the banker in the so-called. "Kremlin list", consisting of persons close to the President of Russia. The participants in this list are subject to Western sanctions, which indicates a high level of their influence in the political and international arena.

Awards

The activity of the economist has been repeatedly recognized by the top leadership of the country. The biography of Andrei Kostin (VTB) contains many facts of the banker's distinction by the authorities: three times the Order of Merit for the Fatherland (IV-II degree) was awarded the Order of Honor, Diplomas and thanks from the state apparatus from 2006 to 2016. In particular, the Government awarded the financier for his personal contribution to the development of the banking system.

Andrey Kostin did a lot of good things not only for the Motherland. His service record also adorns the Order of Merit, presented to him by the French authorities in 2007.

Charity activities

In addition to the areas related to the financial development of the country, the well-known economist also supports the arts. It is known that a banker donated a breakfast service to the State Museum-Reserve, which was owned by the wife of Alexander III, Empress Maria Feodorovna. In 1930, he was taken out of the country as a result of the sale. Andrei Kostin A. L. bought this piece of tableware at an auction and returned it to his homeland.

Family

The financier met his future wife in his student years. She also studied at Moscow State University. Soon after the wedding, the woman gave birth to his son, whom the couple named Andrei. Natalya, the wife of Andrei Leonidovich Kostin, in addition to taking care of the house, always supported the banker. It is in this that the solid stronghold of their family lies.

The young man followed in his father's footsteps: after graduating from a secondary school, he became a student at the Financial Academy under the Government of the Russian Federation, and then successfully began his careeractivities at Deutsche Bank. But he was not destined to reach the top of the career ladder: in 2011 he died in a car accident. Therefore, the topic of children for Andrey Leonidovich Kostin is not always pleasant.

Hobbies of the financier

Despite the fact that the banker is very busy, he manages to find time in his busy schedule for a hobby.

Andrey Leonidovich Kostin and his family like to relax in ski resorts and, as a true connoisseur of art, visit theaters and exhibitions of artists with pleasure. In addition, he provides financial support to the world-famous Bolshoi Theater of Russia and the Pyotr Fomenko Workshop. He also enjoys personal driving, although due to the habit of working while traveling, this is not often possible.

The biography of Andrei Kostin (VTB) is a vivid example of a conscious approach to life, high professionalism and positive moral qualities. It is thanks to such leaders that Russia has every chance of being the first in the overall ranking of states.