Academic journal article ABA Banking Journal

Russian Central Banker Killed

Academic journal article ABA Banking Journal

Russian Central Banker Killed

Article excerpt

Risk in banking is usually thought of in financial terms, but last month in Russia, where the banking system has been making major strides to shake off corruption, add new services, and abide by international standards, the first deputy chairman of the Russian Central Bank, was gunned down by assassins and died within hours.

Andrei Andreevich Kozlov, 41, was first deputy chairman of the Central Bank, and had been a leader in helping to reform and transform the industry. A Reuters news report attributed his murder to a contract "hit."

Kozlov appeared twice in the pages of ABA Banking Journal, most recently in a Special Report on Russian Banking in April of this year. Contributing Editor Ed Blount, who interviewed Kozlov in Moscow for both articles, wrote the following after hearing the news:

"In April, Andrei Kozlov came to New York's Waldorf Astoria for a Russian-American banking conference. He sat with ordinary bankers in the audience before and after his keynote speech. He didn't ask for special treatment. He didn't whisk in and out with an entourage of security guards. …

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