Mr. Sergey Cheremin graduated with honors in 1989 from the Moscow State Institute of International Relations with a specialization in international journalism and completed his postgraduate course at Moscow State University specializing in global economic issues.

In 1992, he was an intern at the New York Institute under the Investments and International Accounts Program and in 1993 joined a course for banking specialists at Fairfield University (USA).

From 1991 to 1992 Mr. Cheremin was Deputy CEO at Printbank and from 1992 to 1998 he worked as the CEO of the Moscow Export-Import Bank. Between 1998 and 2000 he was the Vice President of Ural Trust Bank and from 2000 to 2003 was Adviser to the President of Severo-Vostochny Alliance Bank where he subsequently became President.

In 2004, he was appointed CEO of MBRD Bank and has acted as the Chairman of the Board there till April 2005. During 2005-2009, he served with Sistema JSFC as Senior Vice President (Head of External Relations). In 2009-2010 He has also served as Dy. Chairman of Sistema JSFC Board of Directors during 2009-10. Presently, Mr. Cheremin is a Minister of Moscow City Government, Head of Department of Foreign-Economic and International Affairs of Moscow.