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Sberbank is merging its corporate banking and Sberbank CIB divisions and plans to complete the integration by the end of 2018, with deputy chairman Anatoly Popov heading the combined entity.
Sberbank CIB will now report to Popov, deputy chairman of the executive board of Sberbank and head of the corporate business division.
Sberbank CIB co-managers Igor Bulantsev and Alexander Bazarov retain their current positions and continue their managerial roles under the supervision of Popov.
Alexander Vedyakhin, first deputy chairman of the executive board, will continue to oversee the general operation of the bank’s corporate business.
“The reorganisation will help to create a unified technological, managerial and banking product platform...