Kirill Palchun Appointed Chairman of UNISTREAM Bank Management Board

Kirill Palchun Appointed Chairman of UNISTREAM Bank Management Board

Kirill Palchun has been appointed the Chairman of the UNISTREAM Bank Management Board by decision of the Board of Directors of UNISTREAM Bank. This was approved by the Central Bank of Russia.

Kirill V. Palchun graduated from Moscow State University (Department of Computational Mathematics and Cybernetics), the Institute of Banking (Higher School of Economics), and completed several other educational programs including Harvard Business School, Scotwork and others.

His work experience in the financial sector totals more than 10 years. He worked for Western Union for seven years, where he first was responsible for operations, introducing product programs, and quality control. He then oversaw financial issues in Eastern Europe and the CIS. In 2009, he joined UNISTREAM Bank as the Chief Financial Officer, and he joined the Management Board of the Bank. Since June of 2013, he has served as the acting Chairman of the Management Board.

“We welcome Kirill Palchun as the Chairman of the Management Board. A strong top management team headed by Kirill Palchun will contribute to bringing UNISTREAM to a new level and establishing a single center of financial communications for our customers based on the UNISTREAM system, including through the active development of electronic channels,” says Gagik Zakarian, Chairman of the Board of Directors, UNISTREAM Bank.

“I am glad to continue working at UNISTREAM Bank as the Chairman of the Management Board. Today, the UNISTREAM International Money Transfer System is widely known in many countries around the world; millions of customers appreciate the convenience, reliability and quality of our services. We have set ambitious targets to increase UNISTREAM’s share in the money transfer market, expand the presence of the system, and now we are getting ready to offer our customers even more services and new channels for money transfers and payments,” said Kirill Palchun.


UNISTREAM International Money Transfer System is one of the most popular such systems in Russia and the CIS. It is currently operating in over 100 countries in more than 333,500 locations, including self-service terminals. UNISTREAM operates its own networks in Greece, the UK and Cyprus. More than 450 financial institutions around the world are partners of the system.

In 2012, UNISTREAM was named the Best Money Transfer System in Eastern Europe by the International Association of Money Transfer Networks (IAMTN) and Global Banking & Finance Review Awards.

In 2012, UNISTREAM became one of the co-founders of the National Payments Council, a non-profit partnership established under the aegis of the Central Bank of Russia and Russian Banks Association.

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