OREANDA-NEWS. Sberbank Private Banking, the business area of the Sberbank Group that provides financial and accompanying services to high-net-worth individuals, announces the appointment of Rudolf Scherrer as Deputy Head of Private Banking. In this role, Rudolf will oversee the development of investment products, middle office operations, the Business Research Service and also the development of the international platform. Rudolf joined the company on September 27, 2013 and reports to Elena Shilina, Head of Sberbank Private Banking.

Rudolf Scherrer joined Sberbank Private Banking from Renaissance Group, where he worked since 2010. In October 2012, he took up the position of Operational Director and Deputy Chairman of the Board of Renaissance Asset Managers. Prior to this he worked for twelve years at Credit Suisse, where he held a number of executive positions in the company's offices in Switzerland and Russia. In his last role at Credit Suisse he oversaw Products and Projects, Sales Management and the company's Private Banking Division in Moscow. Rudolf began his career at UBS in 1986 and held various client relationship roles there.

"Our task is to build a leading private banking business. To accomplish this we are actively forming a world-class team that features professionals, including from leading global investment firms. In addition to the appointment of Rudolf Scherrer, the expertise possessed by Sberbank Private Banking has also been strengthened by the hiring of Vasiliy Sofiyskiy from Credit Suisse and Anna Tokaeva from UBS Group at the end of last year," commented Elena Shilina, Head of Sberbank Private Banking.

"Today Sberbank Private Banking is one of the most promising employers on the market and offers the best opportunities for growth. This area of business has healthy ambitions and the best client base thanks to Sberbank. I believe that the work that we will perform on improving infrastructure will give an additional boost to the development of the business. I am pleased to become part of the Sberbank Private Banking team and will take great pleasure in addressing the tasks that I have been set," said Rudolf Scherrer, commenting on his appointment.