OREANDA-NEWS. Gerhard Randa has been appointed as the new CEO of Sberbank Europe AG. At this position, he will succeed Axel Hummel. The candidacy of Mr. Randa has been approved by the Supervisory Board of Sberbank.

Gerhard Randa graduated from the World Trade University in Vienna. Since 1966, he worked as a senior manager in different European banks, in particular he acted as a head of Österreichische Landerbank AG and Bank Austria AG at different times. Starting from 2012, he has been a Member of the Supervisory Board of Sberbank Europe AG.

“I personally believe that Mr. Randa’s vast experience and knowledge will definitely benefit our business in Europe”, Lev Khasis, First Deputy Chairman of the Executive Board of Sberbank, said. “I would like to congratulate him with the new role and wish him success, enthusiasm and lots of interesting projects ahead”.

“Gerhard Randa is a high profile executive with more than 40 years of management experience in the European banking industry”, Svetlana Sagaydak, Deputy Chairman of the Executive Board of Sberbank, said. “His knowledge and enormous experience will help the development of Sberbank Europe AG”.

Sberbank Europe AG is present in ten markets in Central and Eastern Europe: Austria, Bosnia and Herzegovina, Croatia, Czech Republic, Germany, Hungary, Slovakia, Slovenia, Serbia and Ukraine. The bank’s headquarters is in Vienna, Austria. In total, the bank operates 280 branches and has 5,079 employees (as of 31.12.2015).

Sberbank is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 135 million individual customers and more than 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with almost 17,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries.