Sberbank hires ex-MetLife exec to oversee pension subsidiary

By Andrei Skvarsky.

Sberbank, Russia’s biggest lender, has hired Alexander Zaretsky, a former 15-year-long CEO of the Russian operation of US insurer MetLife, as head of Sberbank Private Pension Fund, a subsidiary running private pension schemes for individuals and companies.

Zaretsky has spent more than two decades in senior roles in multinational life insurance companies, a career that has included co-development of personal pension scheme proposals, Sberbank said in a statement.

He headed MetLife’s Russian business for 15 years.

Zaretsky was president of Russia’s Association of Life Insurers between 2010 and 2018.

He is due to have taken his job at Private Pension Fund, which is wholly owned by Sberbank and is one of the Sberbank group’s more than 20 companies, on April 30.

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