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NBU Council Relieves Roman Borysenko of Office as NBU Deputy Governor

NBU Council Relieves Roman Borysenko of Office as NBU Deputy Governor

At its 26 August meeting, the NBU Council relieved Roman Borysenko of office as NBU Deputy Governor, effective 28 August 2020. During his time in office, Roman Borysenko was in charge of the regulator’s financial, administrative, and operational functions. 

Roman Borysenko submitted his letter of voluntary resignation to NBU Governor Kyrylo Shevchenko. 

"The NBU’s transformation into a modern, open, and independent European central bank is a shared goal and priority for our entire team. We are grateful to Roman Borysenko for his leadership role over the past four years in bringing this goal closer to reality. Going forward, we will continue to improve all of the Ukrainian central bank’s internal processes, especially with regard to financial management, administration, and operations, in order to consolidate quality achievements and strengthen the NBU’s institutional independence," said NBU Governor Kyrylo Shevchenko.

For reference

Roman Borysenko came to work at the NBU in August 2014 as Director of the Personnel Department. In October 2016, he took office as NBU Deputy Governor. Areas under his management included finance, operations, human resources, and management of property and procurement for the NBU.

As part of its key accomplishments during Roman Borysenko’s tenure, the NBU strengthened its institutional capacity and underwent an internal transformation. In particular, the regulator:

  • centralized and outsourced its noncore functions and assets
  • reengineered and optimized its internal processes, and streamlined its decision-making system
  • polished and automated its financial management, control, administration, and operation functions
  • migrated to International Financial Reporting Standards
  • introduced a new organizational structure, reduced the number of levels in its hierarchy, and optimized staff numbers
  • implemented a system for employee motivation and transparent remuneration
  • modernized its approaches to coordination of work with employees, their training and development, and centralized and automated its HR processes.
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