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Appointment of New Chairman of Management Board

Change at the top of the Management Board of Mikro Kapital Management S.A.

Luxembourg - January 9th, 2020

Change at the top of the Management Board of Mikro Kapital Management S.A., the Supervisory Board announced today the appointment of a new Chairman of Management Board – Alexander Yeriomin as of 9 January 2020 to succeed Mr. Vincenzo Trani.

Mr. Trani has held the position for the past 12 years and  will now continue to put all his efforts and leadership as Chairman of the Management Board of Mikro Kapital Group S.à.r.L. and Member of the Supervisory board of Mikro Kapital Management S.A.

“I am very pleased to announce that Alexander Yeriomin has been appointed new Chairman of Management Board of Mikro Kapital Management S.A. His extensive management experience from international companies, proven leadership skills, strong commercial consumer orientation and impressive track record of value creation will greatly benefit to our Group. This decision will simplify the management structure and we are confident that Alexander will lead Mikro Kapital Management S.A. into a phase of further growth and customer satisfaction” said Vincenzo Trani, Chairman of Management Board of Mikro Kapital Group S.à.r.L. and Supervisory Board member of Mikro Kapital Management S.A.

Alexander Yeriomin held leading positions in different financial and banking institutions in Countries (Europe and along the Silk Road) that are highly relevant to the Mikro Kapital businesses.

The change in organization chart will not affect the cornerstones of the Mikro Kapital Management S.A. strategy, which was successfully established in the last 12 years. Mikro Kapital Group will remain focused on impact finance solutions, the experience of over 25 years in the banking sector of Mr. Yeromin, especially with SMEs, will allow us to reach further targets, to strengthen operations and continue global expansion.