OREANDA-NEWS. Viktor Orlovsky, who worked in Sberbank as a Senior Vice President and was responsible for the development of digital business, is leaving his post and transferring to the position of Director of the SBT Venture Fund I venture fund.

"We thank Victor Orlovsky for his contribution to the implementation of the Bank's strategy, his participation in programmes and projects of the Bank, aimed at the development of IT platforms, digital channels and innovative technologies", noted Herman Gref, CEO and Chairman of the Executive Board of Sberbank.

Michael Erenburg was appointed Vice-President and Head of the Directorate for the Development of Digital Business, having previously held the role of Senior Managing Director, responsible for Sberbank Group's relations with providers of IT equipment and software.

Michael Erenburg was born in 1979. In 1999 he graduated from the Faculty of International Economic Relations of the Plekhanov Russian University of Economics. Later, he passed training programs at Columbia Business School and the Massachusetts Institute of Technology (MIT). He worked in senior positions at RUSAL, Asteros, the largest IT company in Russia. Michael has worked in Sberbank since 2013.

SBT Venture Fund I is a venture fund which aims to invest in high-tech start-ups, developing the latest breakthrough technologies in the financial sphere. Among the Fund's investments are the wholly digital bank Moven (www.moven.com) and social investment platform eToro (www.etoro.com).