Russia’s biggest lender Sberbank has promoted Andrey Shemetov, one of its senior managers, to the rank of senior vice-president with the duties of overseeing activities in world markets, investment business, and work with key clients.
In this position, Shemetov will be one of the top figures in the corporate and investment arm, Sberbank’s largest division, according to a statement from the bank.
He is leaving his current role as head of global markets, which he took up on joining Sberbank in 2016 and which is provisionally going over to Vladimir Yarovoy.
The corporate and investment division is headed by Anatoly Popov, who is deputy chief executive of Sberbank. Shemetov will be one of the three Sberbank senior vice-presidents in the unit’s top brass, the others being Alexander Bazarov and Vladimir Sitnov.
Before being hired by Sberbank, Shemetov had worked at Moscow Exchange and Russian investment company Aton.
Popov said that, under Shemetov’s management, the global markets department had “boosted the automation and algorithmisation of its trading, digitised its products and created its own trading platforms both for corporate clients and for individuals”.
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