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The Russian Regional Development Bank is hardly a financial heavyweight.
Strauss-Kahn will be on the supervisory board of its Russian Regional Development Bank.
He will take a seat on the supervisory board of Russian Regional Development Bank, according to a regulatory filing by the bank.
"SIA in a Regional Development Bank:
Rosneft, the Russian state oil company, has given Mr. Strauss-Kahn a position on the board of a banking subsidiary, the Russian Regional Development Bank.
National Saving Bank (NSB), Cooperative Rural Bank, Regional Development Bank are other licensed banks available at Beliatta.
The Russian Regional Development Bank had only hired the executives - Walid Chammah, Rair Simonyan and Elena Titova - in November.
We are the manager for example of the Climate Investment Funds that we implement together with the Regional Development Bank. The good thing about them is the leverage that they get.
The banker who put together that deal, Svyatoslav Slavinsky, moved from Citi to take over as Rosneft's chief financial officer and will also chair the supervisory board of Russian Regional Development Bank.
A first operation has been signed with the West-African Regional Development Bank (BOAD), while another has been approved in Chad, aimed at assisting the borrowers to raise funds locally.
He currently holds the position of Chairman of the Board of Directors of ZAO SIBUR and serves on the Supervisory Board of OAO Russian Regional Development Bank.