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Asian-Pacific Bank board chairmen swap roles

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Asian-Pacific Bank board chairmen swap roles

saidApril 8 that board of directors Chairman Andrey Novikov will become chairman ofthe management board as of April 19.

The maintasks of the new management board chairman will include streamlining businessprocess, increasing the operating effectiveness of the bank, introducing newtechnologies and improving the lender's profitability.

Inhis new role, Novikov will replace Andrey Vdovin, who will take over the postof chairman of the board of directors.