On 24 May 2018, Igor Ivanovich Shuvalov has been appointed Chairman of State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” by Decree of President of the Russian Federation Vladimir Putin.
Igor Shuvalov was born on 4 January 1967 in Bilibino, Magadan Region. He graduated from the Moscow State University in 1993 with a degree in law.
In 2012, Igor Shuvalov became a member of the Bank’s Supervisory Board. He played an active role in setting the agenda for Vnesheconombank and its subsidiaries (such as Russian Export Centre (REC) and the Monotowns Development Fund), implementing Vnesheconombank’s projects with the Agency for Housing Mortgage Lending and Corporation for Development of Small- and Medium-Sized Enterprises, developing the mechanism of the project finance factory and drafting the Law “On Bank for Development”. As First Deputy Chairman of the Government of the Russian Federation (from 2008 to May 2018), Igor Shuvalov was responsible for financial, credit, monitory and investment policy, macroeconomic issues, the federal budget, Eurasian economic integration and cooperation with Asia-Pacific countries.