XacBank welcomes Iliya Avramov as its new Chief Risk Officer


2019-10-23 09:00 GMT+8

Mr. Iliya Avramov was appointed as Chief Risk Officer of XacBank on 15 October 2019. He is responsible for overall risk management, credit control, legal and compliance functions.

Iliya has over 22 years of corporate credit and risk management experience in the areas of credit and portfolio analysis, operational, liquidity and market risk management, collateral management, distressed assets, debt restructuring as well as portfolio management.

He brings a wealth of experience to his new role, having enjoyed a progressive career in banking and consulting across South East Asia as well as Central and Eastern Europe and the USA. Iliya was a long standing executive at Raiffeisen Bank, where his last job was Deputy General Manager, Head of Risk management of Singapore branch, overseeing bank's Risk Management activities in Asia Pacific for all types of risk categories (credit, collateral, operational risk, market & liquidity as well as special situations).

“We are excited about having Iliya to join the bank and further build out and strengthen our already robust risk culture” said Mr. Tsevegjav Gumenjav, CEO of XacBank. “The changing nature of risk in the banking industry requires a highly integrated and proactive approach to enterprise risk management, and having an expert such as Iliya, with his depth and diversity of experience, will be highly valuable”.

Iliya is a CFA Charterholder and holds a Master’s degree in Economics from the Central European University and University of the State of New York.

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