Alexander Afanasiev was born on 12 January 1962 in Moscow. In 1984 he graduated from the Moscow Finance Institute with a degree in International Economic Relations and holds a PhD in Economics. Since 2011 he has been a member of the Moscow Exchange Board of Directors and a Chairman of the Executive Board since June 2012. He also is a member of the Exchange Supervisory Board, a member of the National Clearing Centre (NKO NKC (AO)) Supervisory Board, a member of the National Settlement Depository (NKO AO NRD) Supervisory Board, and a member of the Russian Union of Industrialists and Entrepreneurs Board. From 1998 to 2011, he worked at Bank WestLB Vostok (ZAO), a subsidiary of the German banking group WestLB AG, as a Deputy Chairman of the Executive Board.