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July 15, 2008

E&Y names Grebeniuk as new leader of St Petersburg office

Ernst & Young Russia (E&Y) has revealed Alexander Grebeniuk will replace Ralf Wagener as managing partner of the firm’s St Petersburg office. Prior to his appointment, Grebeniuk was an audit partner and technology, communications and entertainment leader at E&Y Moscow.

E&Y said Grebeniuk’s appointment as managing partner is part of a commitment to developing the Russian leadership of the firm. In addition to his duties as the office leader, Grebeniuk will take charge of the St Petersburg audit practice.

“After five years spent working in Moscow, I am very glad to come back to the city on the Neva to lead one of the most successful and dynamically developing Ernst & Young offices in the Commonwealth of Independent States,” Grebeniuk said.

“I hope that together with the talented team of the St Petersburg office, we will continue the successes of my predecessors and enhance the vibrant development of Ernst & Young — retaining and strengthening our leading positions in the audit and advisory services market in the northwest of Russia.”

Grebeniuk has more than 14 years of professional experience, which includes the ISA and US GAAS audit of financial statements of major Russian and international companies prepared in accordance with Russian Accounting Standards, US GAAP and IFRS. He also has experience working on initial public offerings on the NYSE and LSE, and within advisory services, including implementation of information and budgeting systems.

Wagener, who has worked at Ernst & Young in Russia for four years and led the St Petersburg office for three years, returns to E&Y in Berlin to build the Russian competence centre of E&Y Germany. The competence centre is designed to help Russian companies and entrepreneurs do business in Germany, including IPOs on German stock exchanges. “These four years in Russia were the most exciting and interesting years in my professional career,” Wagener said. “As I return to Germany, I hope to use this experience to help Russian business go west and German business go east.”

This month, Wagener will hand over management duties to Grebeniuk.

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