Ukrainian media have branded Kostyantyn Vorushylin "the president's personal banker" – and for good reason. The 46-year-old has part of President Petro Poroshenko’s financial and business interests for half of his life.
Vorushylin started his professional career in Aval Bank. But in 1994, he was hired as the first deputy CEO at joint stock commercial bank Mriya (Dream), which was founded by the Poroshenko family in 1992. In 1996, he was appointed as CEO of the institution. He left it only in 2007, when the bank was sold to Russia’s VTB bank.
Right after Mriya, Vorushylin started working at bus manufacturer Bohdan, which is linked to Poroshenko. There he was in charge of the financial and investment activities of the company until 2014.
In 2008-2014 he was also head of the supervisory board at International Investment Bank, which is 60 percent owned by Poroshenko.
Among the bank’s shareholders are the president’s closest allies, such as lawmaker Igor Kononenko (14.94 percent) and First Deputy Secretary of Security and Defense Council Oleg Gladkovsky (9.9 percent). Vorushylin also once owned a 5.19 percent stake in the bank.
On Oct. 3, 2014, the Administrative Council of the Deposit Guarantee Fund appointed Vorushylin as the fund’s director. Vorushylin kept his share in president’s bank until June 2015. According to the NBU, his share was then split among his children – Katerina and Serhiy Vorushylin.
As of Sept. 27, 2015, Vorushylin’s official salary at the fund was Hr 31,059 ($1,247) per month.
