VEB to Select Certified Managers in Regions

Seeking to implement its new regional model, Vnesheconombank initiates a selection process for certified managers.

The new model is designed to build a strong pipeline of investment projects in constituent entities of the Russian Federation and ensure greater transparency of the selection process. Regional managers selected according to the Agency for Strategic Initiatives (ASI) methodology, trained and certified by Vnesheconombank are viewed as the key pillar of the system. They are expected to identify and screen regional projects in compliance with the Bank’s Strategy, as well as communicate with the project initiators assisting them in preparing a package of documents required by VEB. The stakeholders will interact based on the Development Project Factory on-line platform, which, in particular, allows for express project assessment.

The first implementation stage of the new regional model comprises building a pool of VEB certified managers. To participate in an open selection procedure, the candidates are invited, prior to 30 April 2017, to upload their CVs to the LEADER-ID website and complete a task – write an essay and make a presentation. The finalists of the written contest will be announced by 12 May 2017 and called for an in-person interview on 26 May. Potential candidates include representatives of regional businesses, non-commercial organizations, development institutions and associations, as well as government officers, investment and financial experts. More detailed information about applications and requirements can be found on the project page at LEADER-ID website.

The project will be delivered in the first 23 pilot regions enjoying maximum support from the government. The candidates for VEB certified managers will be selected as early as by June 2017.

‘We aim to build a flexible system, which would allow us and certified professionals with a local insight on business specifics to find, promptly select and assess quality projects and take funding decisions,’ says Aleksey Ivanchenko, Deputy Chairman of Vnesheconombank, Member of the Management Board and the Bank’s curator of the project. ‘In this way, we will promote economic development in the Russian constituent entities and up-and-coming business sectors, as well as help create new jobs.’

‘I am positive that by drawing on our open selection method, we will form a strong team of professionals who will work for the benefit of their regions. And at the project assessment and implementation stages, certified managers will receive assistance from investment climate project offices established in the regions,’ comments Svetlana Chupsheva, Director General of the Agency for Strategic Initiatives.

State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” is a national development bank and one of the largest financial institutions in Russia. Established in 1924, Vnesheconombank has been operating in compliance with a special Federal Law on the Bank for Development since 2007. Vnesheconombank’s supreme governing body is the Supervisory Board headed by the Chairman of the Russian Government Dmitry Medvedev.

In compliance with its Development Strategy to 2021, VEB will focus on financing high value added industrial projects; infrastructure development, non-resource exports, conversion of defense technologies to civilian-related activities; innovation support and projects under the National Technological Initiative. According to the strategy, the Bank is to operate on a new quality level: it will proactively search for projects that meet government priorities, conduct in-depth analysis of business projects together with clients, attract private co-investors, monitor the progress of the projects using the cutting-edge technologies.

Agency for Strategic Initiatives (ASI) is the autonomous non-profit organization established by the Government of Russia in order to implement set of measures in economic and social spheres. The agency operates since August 11, 2011. Its main objectives are to promote priority projects, implement measures for improving the business climate in Russia, develop skilled manpower, etc.

LEADER-ID is ASI’s information platform for searching, developing and promoting leaders. It was launched in July 2013. The number of users in November 2017 amounted to 72,597 people from 1,173 towns and settlements from 55 countries.

Press Office