Metalloinvest Elects Ex-UBS Executive Ken Costa to Board

Metalloinvest, Russia’s largest iron ore producer, said it elected Ken Costa, a former vice chairman of UBS AG’s investment bank, as an independent board member, according to a statement on website late yesterday.

Vadim Levin, a former deputy chief executive officer of Russia’s state-run VTB Bank, also became a new independent board member, Metalloinvest said.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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