Another Sberbank executive leaves the sanctioned Russian lender
Reuters
Published May 16, 2022 11:52
(Reuters) - Russia's dominant lender Sberbank said on Monday one of its senior vice presidents had left, the latest executive to resign since Moscow sent troops into Ukraine in February.
Andrey Shemetov, who was part of Sberbank's corporate and investment business and supervised the company's global markets, its depository, key client coverage, and investment business, has decided to focus on new projects, the bank said.
A source close to Sberbank said: "Andrey has been on holiday for almost two months already and rarely comes to the bank. This decision, it seems, was taken a long time ago."
Several Russian firms have shaken up their management teams since Russia began what it calls a "special operation" in Ukraine. Sberbank, which has fallen under unprecedented Western sanctions, has seen a couple of high-profile departures.
Lev Khasis, first deputy chairman of Sberbank's management board, pushed his pre-arranged departure forward and plans for him to become president of a new e-commerce holding company have evaporated, the Vedomosti daily reported in April.
David Rafalovsky, the bank's chief technology officer, who was spearheading Sberbank's ambitious push into digital services, has also left, a source told Reuters.
Sberbank had no comment on those departures.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.