On September 21, 2007, Unistream Bank held extraordinary shareholder meeting. James Cook from Aurora Russia joined the Board of Directors.
The following persons were elected to the Board of Directors of the Unistream Bank: Gagik T. Zakaryan, George I. Piskov, Leon David Isaacs, John McRoberts, and James Cook from Aurora Russia Ltd.
Mr. Cook is a new member to the Board of Directors of Unistream Bank. Graduated from the Virginia Polytechnic University, James Cook has a solid experience working for international companies in Russia: senior vise-president for Delta Capital, president of DeltaCredit Bank, chairman of the Board of Directors for Delta Bank, Delta Leasing, GE Consumer Finance Russia. Since 2006, James has been the director for Aurora Russia Ltd.
Currently, the British company Aurora Russia Ltd. holds blocking stake, 26% in OAO KB Unistream Bank.
Before the September 21 shareholder meeting, John McRoberts was the only representative of Aurora to the Unistream Bank Board of Directors.
With a new Aurora representative joining the Board of Directors, the company makes another important step towards realization of the strategy, targeted on transformation of the company into a solid international business and strong player in the global money transfers market.
Mr. Zakaryan who was elected as the Chairman of the Board of Directors, believes that this is another confirmation of the growing cooperation between Aurora and UNIStream.
“Mr. Cook is a high class professional and his entrance in the Board of Directors will contribute to the integration of the system into the global money transfers market,” he said.
Also the shareholder meeting tackled current issues requiring the shareholder’s attention.
UNIStream currently controls over 25% of the CIS money transfers market. With the focus on transformation into a solid international business, the system has reached a $1.85-billion amount of transactions in 2006. It operates 46 thousand service points in 85 countries around the world. The system serves over 800 thousands clients every year.