Larisa Gorchakovskaya

General Director, VTB Pension Fund

Mrs Larisa Gorchakovskaya has been working in the pension industry for over 19 years. She heads AO NPF VTB Pension Fund since March 2009.
During the ten years of brisk growth (2009–2018), the Fund managed by Larisa Gorchakovskaya reached a whole new level of development and significantly enhanced the leading performance indicators:
Compulsory medical insurance:
• the number of clients – insured persons increased from 1.7 thousand to 2.7 million;
• accounts of insured clients grew by 113.13% (accumulated profitability).
Non-state pension funds:
• the number of clients participating in non-state programs increased from 12.6 thousand to 70.5 thousand;
• accounts of participants grew by 102.00%;
The Fund dominates the industry in pension savings return on investment and investment of pension reserves.
For eight years, the Fund has been asserting maximum reliability rating assigned by the Expert RA rating agency.
Ms Gorchakovskaya propelled the Fund to the leading positions in solutions implemented, some of which are unique to the market. The Fund was the first to implement a service for filing electronic applications for the transfer of pension savings through the Central Public Services portal.
The Fund has implemented a unique service for accepting points of the VTB Collection Program as contributions under the agreements with NPF.
The loyalty program for NPF program participants is the only one on the NPF market.
Mr Gorchakovskaya received the certificate of merit of the Ministry of Labour and Social Affairs of the Russian Federation, a letter of acknowledgement and a badge of honour of the National Association of Non-State Pension Funds.
Ernst & Young announced Mrs Larisa Gorchakovskaya the winner of the 2013 Entrepreneurial Winning Women competition.
At the National Financier Reputation Award 2018, Ms Gorchakovskaya, the only one among the industry representatives, received an award in the nomination ‘For Contribution to the Pension Market Development’.
Ms Gorchakovskaya graduated from Perm State University and the Higher School of Economics. She is a certified specialist of the international programme for executive managers Tacis Managers Training Program.
Ms Gorchakovskaya is married, with three children.