In this new role as CEO, Mr. Forysiak will be responsible for the overall development and implementation of the Bank’s commercial strategy and operations in both the domestic and international markets. This includes the further expansion of its global remittance and payment system, CONTACT. He will also be charged with the responsibility to coordinate actions aimed at increasing the competitive advantage of the Bank and its overall profitability.

Mr. Forysiak was most recently the Chief Executive Officer and then Vice Chairman of the Board of Directors at Renaissance Capital Consumer Finance Group or “Renaissance Credit”, positions he held between 2006 and 2010. Over his tenure at Renaissance Credit, he quickly directed that business to become the 2nd largest mass consumer retail lender in Russia and the expansion into Ukraine and Kazakhstan. Prior to Renaissance, Mr. Forysiak also held senior executive roles in the US and internationally with JP Morgan Chase, American International Group (AIG), the Polish American Enterprise Fund and Chemical Banking Corporation (currently part of JP Morgan Chase).

Mr. Forysiak also serves on the Board of Directors at Central European Distribution Corporation (CEDC), the world’s largest vodka producer. He has been on the Board since 2009 and also is a member of the Audit Committee.

Mr. Forysiak is a graduate of Montclair State University (USA) and Seton Hall University (USA). He also attended and is graduate of the Executive Management Program at Columbia University (USA).

“Marek brings over 20 years of mass retail banking experience for both mature and emerging markets to Russky Slavyansky Bank. Our commercial objectives are high, which includes the improvement in our strategic decision making in the post crisis period and trust that Marek will bring this expertise to the Bank. His keen understanding of the industry, the markets and in particular retail cash management services ensures that we continue to build upon the successes achieved over the past 11 years in CONTACT and become an even more dominate player” said Abdulzhelil Adbulkerimov, Chairman of the Board of Directors of AKB “RUSSLAVBANK” (CJSC).


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