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On September 7, 2025, Mr. Roman Serov joined the New Development Bank (NDB) as Vice-President and Chief Operating Officer. In this role, Mr. Roman Serov is responsible for the NDB’s Operations and its regional offices.

Mr. Serov is a senior finance executive with over 30 years of experience in international banking and capital markets, including building and leading top-tier financial institutions, executing complex transactions across global markets and advising major corporations on strategic financing.

Prior to joining the NDB, Mr. Serov served as the Chief Executive Officer of RSHB Asset Management in Moscow. Under his leadership, the company grew to rank among the top five retail asset managers and top three corporate trust managers in Russia. He led the launch of Russia’s first ESG-focused investment funds and directed the development of sophisticated family office solutions for high-net-worth clients.

As Deputy Chairman and Managing Director, Russian Capital Markets at Credit Agricole Corporate and Investment Bank (CACIB), Mr. Serov made significant contribution to the transformation of CACIB’s Russian operations into a leading corporate and investment bank by leading sales and trading teams in London and Moscow and participating in large structured and infrastructure financing, as well as export and trade commodity financing.

As Member of the Board and Managing Director in charge of Russian Capital Markets at BNP Paribas Group, Mr. Serov oversaw the establishment of BNP Paribas in Russia. He has built a strong investment banking franchise of the Group in Russia in co-operation with structured and trade commodity finance teams in Geneva. Prior to that, he served as Vice President, Head of Treasury and Financial Operations at ABN AMRO Bank.

Mr. Serov holds a master’s degree in international finance and world economy (MBA equivalent) from the Saint Petersburg State University of Economics and Finance.