By Andrei Skvarsky.
Sberbank, Russia’s biggest lender, has hired Konstantin Pesotsky from the Moscow city government as head of infrastructure finance at its investment arm, Sberbank CIB.
Pesotsky was deputy head of the city government’s property department in his previous position.
He held a series of jobs in the investment industry, including roles at Goldman Sachs and Morgan Stanley, before he entered government service, where from 2009 to 2011 he headed the tariffs, infrastructural reforms and efficient energy use department at the Russian Ministry of Economic Development.
In his Sberbank CIB job, he will report to the director of the loan department, a position that is currently vacant, Sberbank CIB said in a statement.
At Goldman Sachs, Pesotsky worked as a senior investment manager in the special projects division for Europe at the Moscow office.
In 2006-2008, he was head of investment and corporate acquisitions at Fibernet Cable Holdings in Budapest, one of the portfolio companies of the Warburg Pincus fund, a role he took in coming over from Morgan Stanley, where he was a senior investment analyst based in Moscow and London.
He was an analyst with the European Bank for Reconstruction and Development in 2001-2002.
At various times Pesotsky has served on the boards of directors of generating firms Mosenergo and Moscow United Energy Company, All-Russia Exhibition Centre, which is a major exhibition complex in Moscow, hotel holding company Gostinichnaya Kompaniya and other firms in which the government is a stakeholder.
He has also been on auditing boards for gas giant Gazprom, state oil company Rosneft, and state oil pipeline operator Transneft.
“Today, infrastructure financing is one of our most high-priority lines of business. Investing in infrastructure is at the focus of the government and this sector will require investment of $1 trillion by the end of 2020,” said Sberbank CIB co-chief executive Alexander Bazarov.
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