Sberbank hires private banking trio, plans more hires
Sberbank Group’s private banking department has made three new appointments to its team in an effort to strengthen this new area of business. Elena Shilina, head of the Sberbank Group’s private banking department, said “new, significant appointments will follow.”
Julia Petrova has joined from Nomos-Bank as head of lifestyle. At Nomos, she was managing director of private banking. Her new role will involve analysing client needs, developing strategy, widening product offering and monitoring service quality.
Nomos-Bank recently hired Sergey Grigorian as its new CIO, after he left his position at Pioneer Investments in Russia. In February, Pioneer announced the transfer of all of its assets in Russia to TKB BNP Paribas Investment Partners.
Demand for lifestyle solutions alongside financial advisory is a trend among Russian clients. Petrova is convinced “fully-fledged private banking does not just mean competent management of clients’ financial assets. [It included] a wide range of matters, from acquiring real estate to choosing a school for their children, something that is covered by lifestyle.”
Sberbank has also hired Alexei Dolgikh and Igor Prokhaev to the private banking team from within the company. They join as vice-presidents and group heads. Prior to this they both served as sales managers at the equity division of Troika Dialog’s global markets department for an extensive period of time.
Private Banking is a new area of business for Sberbank Group. The new department provides wealth management services to affluent private clients, as well as offering a wide range of non-financial services and lifestyle products.
Sberbank’s net operating profit in the first half of the year fell 0.5% year-on-year to RUB175.3bn (€4.34bn).