George Chesakov has been named the new chairman-CEO of OAO OTP Bank.

OAO OTP has a strong presence in Russia and is active in the POS and credit card loan markets. Its parent bank OTP is based in Hungary with subsidiaries in eight other eastern European countries. In July 2006, OTP Bank acquired the Moscow-based Investsberbank Group to create OAO OTP Bank.

Chesakov holds a degree earned from Moscow State University in 1994, followed by an M.A. in computer science from Princeton University in 1999. He was employed at the Russian Standard Bank, then at Investsberbank prior to his current position.