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New Head of the Far East Development Fund Appointed

On September 25, at the meeting of the Supervisory Board of Vnesheconombank chaired by Dmitry Medvedev, the candidacy of the new Director General of the Development Fund for the Far East and Transbaikalia, Alexey Chekunkov, was agreed, the press service of the Ministry of Eastern and Eastern Development reported.

VEB Chairman Vladimir Dmitriev said at a briefing following the meeting of Vnesheconombank's Supervisory Board: “We expect that the new leader, who, despite his age, has quite serious experience and competence in the investment sphere, work in large investment companies, banks and in our its subsidiary, the Russian Direct Investment Fund, will ensure the operation of this fund in its key areas in accordance with the order of the Ministry of Finance, which determines the targeted nature of subsidies in the amount of 15 billion rubles, which are transferred to the capital of this company. "

Alexey Chekunkov was born on October 3 on 1980 in Minsk. Married, has two daughters.

One of the leading professionals of the Russian investment market.

In 2011-2013 Alexey Olegovich was a Director, Member of the Board and Investment Committee of the Russian Direct Investment Fund (RFPI). In RFPI Alexey Olegovich was responsible for investments in health care, energy saving, raw materials sector, as well as for the establishment of the Russian-Chinese Investment Fund with a capital of 2 billion.

In 2009-2011, he managed his own investment company, New Nations Capital, which provided venture capital investments and investment banking services. In 2006-2009, he co-founded and was the Managing Director of the investment company United Gold Company (OZK), which was part of the Alfa Group consortium.

Alexey Olegovich made a number of successful investments in the mining industry in Russia and Asia. At 2003-2006, Mr. Chekunkov was a specialist, then a vice president at Delta Private Equity, one of the leading private equity companies in Russia with a capital running over 500 million dollars.

In 2002-2003, Alexey Olegovich worked as a project director at the Alrosa Investment Group, where he participated in the consolidation of a number of gold mining assets in the Republic of Sakha (Yakutia). In 2001 he received a bachelor's degree in economics from the Faculty of International Economic Relations of MGIMO.

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