Famous financier Garegin Tosunian was elected the president of the Association of banks of Russia. He held the post of the first vice president of the association and was the head of "Technobank" for many years. As "Arminfo" reports, Tosunian was born in Yerevan. He is candidate of economic sciences, doctor of law, professor, author of several monographs and many other works on banking and financial activities. He held the post of the councilor for financial issues of Moscow Mayor Yuri Lujkov, Premier Yevgeni Primakov, first vice Premier Viktor Khristenko.