Gerhard Boesch Elected Chair of the Supervisory Board of Sense Bank JSC, Outlines Key Priorities

The Supervisory Board of Sense Bank JSC has elected international banker Gerhard Boesch as its Chair. He recently joined the Board as an independent member.

The Cabinet of Ministers of Ukraine approved Gerhard Boesch's appointment to the Supervisory Board on 31 August 2026. Following the vetting procedure required by law, his candidacy was approved by the National Bank of Ukraine.

“A strong team, capital growth and trust in the bank are the three priorities I plan to focus on as Chair of the Supervisory Board of Sense Bank JSC. First of all, we need to bring the Management Board up to full strength with experienced and competent managers who will ensure stable governance and the bank's further development. Their expertise is also essential for achieving the bank's strategic goal of a successful privatisation. Faster growth of the retail business should help build up capital, so that the sale of the bank brings the best possible return for the state. At the same time, it is equally important to strengthen compliance and maintain transparency in decision-making. This means a clear division of responsibilities, proper oversight and a timely response to risks,” says Gerhard Boesch.

Gerhard Boesch has over 40 years of banking experience. He spent more than 15 years at Raiffeisen Bank Aval, including as First Deputy Chairman of the Management Board, and from 2021 to 2024 he served as CEO of state-owned PrivatBank.

The renewed Supervisory Board of Sense Bank JSC now has six members: five independent members and one state representative. This composition provides a quorum for holding valid meetings and adopting decisions.