Russia’s Sberbank announces restructuring, staff moves

By Andrei Skvarsky.

Sberbank, Russia’s largest bank, on February 15 announced plans for structural changes and for a consequent senior staff reshuffle.

The changes are due to be completed by June 1, 2022, according to a statement from the bank.

Sberbank’s key non-banking business, e-commerce, would be overseen by a holding company to be set up for the purpose.

Sberbank first deputy CEO Lev Khasis will become the new company’s president and chairman of the board of directors.

He will formally leave Sberbank with effect from June 1 “to pursue his own projects” but will continue to work with the lender as a consultant, the statement said.

The bank’s ecosystem would be split up into two units, one to provide services for businesses and a retail one.

Sberbank first deputy CEO Alexander Vedyakhin would head the business-to-business (B2B) ecosystem. He would also be in charge of the bank’s international business.

The bank has decided to institute a position of first deputy CEO to head the business-to-client (B2C) ecosystem. If the central bank approves the decision, the role will go to Kirill Tsaryov, currently one of the deputy CEOs and head of retail.

Tsaryov has, moreover, been appointed as head of the bank’s wealth management unit with effect from February 16 in addition to his retail management role.

Chief financial officer Alexandra Buriko has been named as deputy CEO. Her nomination is awaiting the go-ahead from the central bank.

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