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IMB Group appoints new CFO

IMB Group is pleased to announce the appointment of Todd Esposito as Group CFO, who will be responsible for all finance, treasury and investor relations activities of the Group.

Mr. Esposito joins IMB Group from Alfa Banking Group Russia where he was a Board member, responsible for Financial Planning and Investor Relations. During his employment with Alfa Banking Group as Board Member and Chairman of the Budget Committee and Tender Committees, Mr. Esposito created a financial budgeting and pricing team, was responsible for improvements in productivity across the group and participated in funding activities. Prior to joining Alfa Banking Group, Mr. Esposito held various senior management positions with GE Consumer Finance across Central and Eastern Europe. Mr. Esposito holds a BS from Syracuse University. He is a U.S. citizen and speaks English, German, Czech and basic Russian.

Commenting on his appointment, Mr. Esposito said: “I am very excited to be joining the Management Board of IMB Group as Group CFO. The Ukrainian market holds tremendous opportunity for lenders focused on the retail segment. With the support of western institutions and a culture based on high standards of corporate governance, IMB Group has the potential to be one of the leading retail lenders in the Ukraine. I look forward to making this company a success story.”

Gregory Krasnov, IMB Group CEO, commented: “We are very pleased to welcome Todd to the team. His multi-country experience of financial management in a consumer finance environment will be a huge asset to our development. We also expect him to use his international debt fundraising experience gained at Alfa to help us attract sufficient international funding for our explosive growth.”

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IMB Group (Public) Ltd. is Ukraine’s leading pure-play consumer lending platform, offering mortgages, POS loans and deposits. IMB Group (Public) Ltd. is a Cyprus holding which owns 100% stakes in IMB, a mortgage bank, and Family Credit, a consumer lending intermediary. IMB Group is controlled by Emerging Europe Growth Fund, LP, a fund managed by Horizon Capital, Ukraine’s leading private equity fund manager (formerly Western NIS Enterprise Fund).

For further information please contact:
Anna Silina
PP Department
+38 050 414 8243
silina@imb.com.ua