Over 500 candidates from Russia’s regions applied for VEB certified manager positions

Vnesheconombank has closed applications from candidates for regional certified managers via a specialized LEADER-ID platform of the Agency for Strategic Initiatives (ASI), and proceeded to remote evaluation and interviews.

Overall, from 13 April to 7 July, the Bank has received 502 applications, with Bashkiria being on top of the list (17 applications). Next come Moscow (14 applications) and the Krasnoyarsk Territory (12 applications), followed by the Leningrad, Nizhny Novgorod, and Chelyabinsk Regions, and St. Petersburg (11applications each). Almost half of the candidates (46%) represent regional private sector, another 30% work for local development institutions, while young professionals aged under 30 account for 22%.

Currently, VEB expert commission is holding interviews with those candidates from 23 pilot regions who have made it through the distant selection stage, together with evaluating the applications by the ‘second wave’ regional candidates. The winners of the both selection stages will be asked to sign confidentiality agreements with Vnesheconombank and take online training and testing. In late September, they will participate in a two-day conference to be attended by Vnesheconombank management. Following the conference, regional managers will receive certificates, sign cooperation agreements, and start searching investment projects in their regions.

Vnesheconombank’s initiative has been welcomed by regional authorities and business community. “We appreciate that certified managers will be represented by local professionals with a deep insight into the economic environment and competitive edge of the Udmurt Republic”, pointed out Head of the Republican Investment |Development Agency Rimma Byakova. According to Samara Region Development Corporation’s CEO Andrey Novikov, Vnesheconombank’s initiative can prove highly efficient in a rapidly changing global economy and help speed up decision-making, in particular, due to improved quality of project preparation and project teams. “Vnesheconombank is a major development institution and investor, and our municipality is keen that the certified managers consist of the best candidates”, said Director of the Moscow City Investment Agency Leonid Kostroma.

To qualify for VEB financing, investment projects must be aligned with the Bank’s strategic industry-specific priorities (downstream industries, defense industry conversion to civilian production, innovations as part of the National Technological Initiative, export promotion, and infrastructure development) and the project value and duration. In its project activities, Vnesheconombank intends to use all available government support measures and attract co-financing.

“Certified managers are to become VEB’s full-fledged partners in regions,” noted Vnesheconombank Deputy Chairman - Member of the Management Board Alexey Ivanchenko. “We will equip them with useful knowledge and skills, new business contacts, financial result-driven incentives, and career opportunities. Together, we will launch an effective investment process at the local level to create new production facilities and jobs in regions.”

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.

As provided for in the Strategy 2021, VEB will focus on financing projects in downstream industries, infrastructure development, promotion of non-resource exports and conversion of the defense industry to civilian products, support for innovations and the National Technological Initiative projects. Seeking to operate at a whole new level of efficiency, VEB will proactively look for projects meeting government priorities, perform in-depth analysis of business projects in cooperation with its customers, attract private co-investments, and monitor project progress based on cutting-edge technologies.

The Agency for Strategic Initiatives (ASI) is a Russian autonomous non-commercial organization established in 2011 by the Government of the Russian Federation to implement a set of economic and social measures. ASI facilitates priority projects, and undertakes various initiatives designed to enhance the business environment in Russia and promote professional development, etc.

LEADER-ID is ASI’s information platform for the search, development and promotion of leaders. The platform is scheduled to begin operation in July 2013. The number of its users exceeds 91 thousand.

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