Sberbank’s biggest domestic rival is growing fast
The Russian state wants a national banking champion to be proud of and has brought in new management, many from the private sector, to transform Sberbank into a top-notch corporate and retail bank. Its ambitious plans include establishing strong positions in foreign markets.
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German Gref, the former Russian minister of economics and trade, was given the job at Sberbank with the mission to lead it to its next stage of development |
ANTON KARAMZIN, FORMER chief financial officer of Morgan Stanley in Russia, had not met German Gref when he took the call from a headhunter on December 27 last year.
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