User:ЖуковАФ/Igor Kogan

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Igor Kogan
Born
Igor Vladimirovich Kogan

14 December 1969
Turkmen SSR, USSR
NationalityRussian
EducationLenin State Pedagogical University
Occupation(s)Banker, investor

Igor Vladimirovich Kogan (born 14 December 1969 in Turkmen SSR) is a banker and investor.[1] He is a former Deputy Chairman and CEO of the Board of Nordea Bank Russia.

As of 2022 Igor Kogan has been a citizen of the Russian Federation, the State of Israel and the Republic of Cyprus.[2]

Education[edit]

Igor Kogan graduated from Lenin State Pedagogical University with a master’s degree in Mathematics and Computer Science in 1991.[2]

In 1994 he completed a PhD successfully defending the thesis titled “Math Models for Management Processes in Commercial Companies in Transition (from Soviet to free market economy)- a case study of commercial banks” at the Institute of Economics and Mathematics at the Russian Academy of Sciences in Moscow.[3][2]

In 2000, Igor Kogan completed an MBA at the Financial Banking Centre of Moscow International Higher Business School MIRBIS, with specialization in International Economic Activities of Commercial Banks (Currency Regulation and Control).[2]

Career[edit]

Career start[edit]

As an undergraduate, Igor Kogan combined his studies with software engineering in small cooperative firms. After graduating he established a software company, distributing computers and software.[1][4]

In the late 19990s he worked as an area manager of operations for the Pervyi Gorodskoj Bank.[2][4]

Igor Kogan obtained the position of Chairman of the Investment Department at Infobank in 1996 and later this year a deputy CEO of the bank. He resigned from the company in 1998.[2]

Banking[edit]

Nordea Bank[edit]

In autumn 1999, Igor Kogan secured a substantial capital injection from institutional and private investors, which provided stability to Orgresbank during RF T-bills crisis. Igor Kogan shortly thereafter became deputy CEO, and two months later he became CEO.[1][5]

In 2007, Igor Kogan initiated negotiations for the sale of its controlling stake (75.1%) in Orgresbank to the biggest Scandinavian Banking Group, Nordea. The shares were acquired with the multiple of 3.9 on invested capital, whilst most of the Russian banks were traded at the multiple of 3-3.2. As a result, Igor Kogan continued as CEO of the Bank retaining the same Russian senior management team.[6][5]

In December 2008, at the peak of the international financial crisis, Nordea acquired the remaining shares in Orgresbank becoming its sole shareholder. Igor Kogan skillfully managed to close the deal with investors on pre-crisis terms and conditions.[5][6]

In 2009 Orgresbank changed its name to Nordea Bank Russia. Igor Kogan’s position changed from CEO to Deputy Chairman of the Board of Directors of the Russian subsidiary of Nordea Group. By 2014 Kogan ensured Nordea Bank’s position in Forbes Top 20 banking list of Russia.[7][8][6]

By 2015, as a result of the well-prepared anti-crisis action plan supervised by Igor Kogan, Nordea Bank had become the most stable bank in Russia by Forbes magazine rating.[5][8] In the same year the shareholder (Nordea Bank AB) started to gradually wind down its operations in Russia, in particular, its retail banking business. Despite the scaling down strategy Nordea Bank remained in Forbes Top 10 most stable banks in Russia until 2020. Igor Kogan left Nordea Bank in 2019.[9][10][11][5]

In 2020 the Group took the final decision to leave the Russian market. The Central Bank of Russia withdrew Nordea Bank Russia’s banking license on 16 April 2021.[11][12]

Credit histories bureaus[edit]

Igor Kogan initiated a Credit Histories Bureaus Institution legislative base development that created and managed its activities in Russia. He drafted a bill as a committee associate of the Ministry for Trade and Economic Development and acted as a consultant until its submission to the State Duma. As a result, the Federal Law No.2018-FZ “On credit histories” dd 30/12/2004 was passed with Igor Kogan’s comments, additions and corrections.

Kogan developed mechanisms of the collection, storage and use of credit histories. He also introduced the principles of credit histories bureaus’ functioning and their interaction with the sources of credit history formation, borrowers, government and local authorities, as well as the Central Bank of Russia.{Cite web|lang=ru|url=https://newizv.ru/news/economy/06-07-2006/po-sledam-zaemschikov-v-rossii-startovala-rabota-byuro-kreditnyh-istoriy%7Ctitle=По следам заемщиков: в России стартовала работа бюро кредитных историй|website=newizv.ru|access-date=2022-11-07}}

Now credit histories bureaus provide information on a borrower’s credit history and make up an inalienable part of the modern financial market. Banks consider customers’ credit histories to make decisions on granting or restructuring loans.[2][13]. As of 2022, ten out of fourteen largest Russian retail banks issue loans based on data from the Credit histories bureaus (CHB). This data shows the current level of repayments on loans.[14]

Other positions[edit]

In 2009 Igor Kogan became a member of the Council of the Association of Russian Banks (ARB). As of 2022 he is not holding any position in ARB.[2]

During 2009-2015 he was a member of the Supervisory Council of the Agency for Housing Mortgage Lending (known as Dom.rf since 2018).[2]

Between 2012-2015 he was a member of the board of directors of Aeroflot Russian Airlines company. The Audit Committee chaired by Igor Kogan (AC) contributed a lot towards the company’s capitalization growth which increased from around 50 billion Russian rubles in 2012 to 62,305 billion in 2015. At the same time AC managed to reform the corporate governance including internal audit system, making Aeroflot management system more effective and transparent.[2][15][16]

In 2014-2015 he was Chairman of the supervisory body of non-commercial partnership Interbank Clearing System.[17][18]

Publications[edit]

During 2010-2014 Igor Kogan published more than 25 articles as a financial columnist for Vedomosti Business Daily. The articles covered a broad selection of topics: banking and investment, risk management, corporate culture, regulation of financial markets, as well as the role and significance of social networks in the banking sphere.[19]

Miscellanea[edit]

By 2015 Igor Kogan withdrew from all RF President’s HiPO personnel positions (active years 2010-2015).[20][2]

Social activities[edit]

During the mid-2000s he was deputy chairman of the Supervisory Board of the Russian Chess Federation. His responsibilities included financial management.[2][21]

From 2018 to September 2022, he served as Deputy Chairman of the Management Board of FIDE.[2][22]

Family[edit]

Father – Vladimir Kogan (1943), professor

Mother – Stella Berezhkovskaya (1944), school teachers

Sister – Alla Kogan (1975).

Married, four children.[2]

Awards and Honours[edit]

  • Badge of Honour for merits to the banking community (2006).[23]

References[edit]

  1. ^ a b c "Характер нордический". www.kommersant.ru (in Russian). 2008-02-25. Retrieved 2022-08-29.
  2. ^ a b c d e f g h i j k l m n "Коган Игорь Владимирович". fedpress.ru. Retrieved 2022-08-29.
  3. ^ "Коган, И. В. - Моделирование процессов управления рыночными структурами в условиях переходного периода : На прим. коммер. банков : диссертация ... кандидата экономических наук : 08.00.13 - Search RSL". search.rsl.ru (in Russian). Retrieved 2022-08-29.
  4. ^ a b Smart/Money: еженедельник. — 2006. — № 39.
  5. ^ a b c d e "Банковский сектор взял курс на консолидацию". Профиль (in Russian). Retrieved 2022-08-29.
  6. ^ a b c "Оргрэсбанк и Nordea: смена собственника по-скандинавски". Банки.ру (in Russian). Retrieved 2022-08-29.
  7. ^ "«Оргрэсбанк» стал «Нордеа банком»". 63.ru - новости Самары (in Russian). 2009-10-05. Retrieved 2022-08-29.
  8. ^ a b "С деньгами на выход. Шведская Nordea Bank Group может покинуть российский рынок". Forbes.ru (in Russian). Retrieved 2022-08-29.
  9. ^ "Нордеа Банк уйдет из России". Forbes.ru (in Russian). Retrieved 2022-08-29.
  10. ^ "Офисы Нордеа банка останутся только в Москве и Петербурге". Interfax.ru (in Russian). Retrieved 2022-08-29.
  11. ^ a b "Скандинавская ходьба на родину". www.kommersant.ru (in Russian). 2020-12-17. Retrieved 2022-08-29.
  12. ^ "Аннулирована лицензия на осуществление банковских операций у АО «Нордеа Банк» | Банк России". cbr.ru. Retrieved 2022-08-29.
  13. ^ "У каждого заемщика своя история: роль БКИ при лимитированном кредитовании". wek.ru (in Russian). Retrieved 2022-08-29.
  14. ^ {Cite web|lang=ru|url=https://quote.rbc.ru/news/article/61a8c51e9a79476287c1a815%7Ctitle=Кредитный рейтинг: что это, как его узнать и почему он так важен|website=rbc.ru|access-date=2022-11-07}}
  15. ^ "Вознаграждение совету директоров «Аэрофлота» за 2015 год выросло почти в три раза". Retrieved 2022-08-29.
  16. ^ "Аэрофлот (AFLT) капитализация МСФО". smart-lab.ru (in Russian). Retrieved 2022-08-29.
  17. ^ "Президент ОАК выдвинут в совет директоров «Аэрофлота»". РБК (in Russian). Retrieved 2022-08-29.
  18. ^ "Состоялось годовое общее собрание акционеров Аэрофлота". www.kommersant.ru (in Russian). 2014-06-27. Retrieved 2022-08-29.
  19. ^ "Игорь Коган". Ведомости (in Russian). Retrieved 2022-08-29.
  20. ^ "Список 500 человек из "президентской тысячи"". РИА Новости (in Russian). 2009-12-21. Retrieved 2022-08-29.
  21. ^ "Наблюдательный совет". www.russiachess.org. Retrieved 2022-08-29.
  22. ^ "FIDE Management Board FIDE Directory". ratings.fide.com. Retrieved 2022-08-29.
  23. ^ "Общие сведения об АРБ: Награды АРБ. АРБ: Ассоциация российских банков". arb.ru. Retrieved 2022-08-29.