The Chairman of the Management Board manages the operations of the Bank and the Management Board in compliance with the Banks Charter. The Chairman of the Management Board is elected for four years. The Chairman is answerable to the Banks Board regarding resolutions, organization of the Banks activities and the Banks performance. The competences of the Chairman of the Management Board are specified in the Banks charter. Dmitry Pankin graduated from the Political Economy Department of the Leningrad State University named after Andrey Zhdanov, and is a candidate of economics. He had professional development courses at Bocconi University in Milan and the City University Business School in London. In 1999-2000, Dmitry Pankin headed a department at RAO UES of Russia. In 2000-2003, he chaired the Board at the St. Petersburg Bank for Reconstruction and Development. In 2004-2011, he worked as Deputy Director and then Director of the Department for International Financial Relations, Public Debt and Public Financial Assets at the Russian Ministry of Finance, and then as Deputy Minister of Finance. In 2011-2013, he headed the Federal Financial Markets Service of the Russian Federation. In 2013-2015, Dmitry Pankin was Deputy Minister of Finance of the Russian Federation. On 6 February 2015 he was appointed as the Chairman of the Management Board at EDB. Dmitry Pankin was awarded the Second Class Medal of the Order for Merit to the Fatherland in 2007 and the Order of Friendship in 2011, and received acknowledgement letters from the President and the Minister of Finance of the Russian Federation. Dmitry Pankin is an active First Class State Counsellor of the Russian Federation.