Sberbank Europe appoints Mark Arnold as CEO

Friedhelm Boschert, CEO of Sberbank Europe AG, resigns from Management Board on 31.1.2013. Mark Arnold will be appointed as  new CEO from 12.2.2013.

Effective 31st January 2013, Friedhelm Boschert will resign from his position as CEO of Sberbank Europe AG by mutual agreement with the Supervisory Board to pursue personal interests.  Mark Arnold will be appointed as new CEO of Sberbank Europe AG effective  12th February 2013 (subject to regulatory approval).

”The Supervisory Board of Sberbank Europe would like to thank Friedhelm Boschert for his longstanding commitment to the CEE banking network”, said Sergey Gorkov, vice-president of the Supervisory Board. “The first phase of the integration of the former Volksbank International into Sberbank Group has been completed. We are now in the process of finalizing the framework for the strategic repositioning of Sberbank Europe to become a client-oriented, lean, and modern banking network in CEE”, said Gorkov.  A comprehensive re-branding of the CEE network has started and the first step, re-naming the holding company, was completed few weeks ago.

The new CEO will be Mark Arnold (44) who has had a 17 years international career with GE Capital. Currently he holds the role as CEO of Bank of Ayudhya (BAY) in Thailand where he has led its successful transformation into one of the leading and fastest growing commercial banks in the Thai market. Prior to this role Mark Arnold served as CEO of GE Capital Global Banking, South-East Asia. Before re-locating to Asia Mark Arnold held senior leadership roles in Europe, most notably as Chairman and CEO of Budapest Bank and as CEO of GE Consumer Finance and GE Commercial Finance Fleet Services in Portugal. Arnold graduated from Liverpool University in Economics and Management and gained a post graduate qualification in Marketing.  

 “We are delighted to have Mark Arnold as CEO of Sberbank Europe. With his global experience, knowledge of developing markets and ability to structure and grow business he will help us in our desire to make Sberbank one of the leading banking players in Europe”, Sergey Gorkov says.

The Management Board of Sberbank Europe AG has six members: Mark Arnold (CEO, as of 12.2.2013), Thoralf Arlt (Chief Risk Officer), Marina Bykova (Corporate Banking), András Hámori (Retail Banking, as of 1.1.2013), Valentin Mihov (Strategy), and David O’Mahony (Chief Information/Operations Officer).

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Sberbank Europe AG
Sberbank Europe AG (formerly Volksbank International AG) manages a banking network of nine universal banks in eight Central and Eastern European countries: Slovakia, Czech Republic, Hungary, Slovenia, Croatia, Bosnia-Herzegovina, Serbia, and the Ukraine. In total the  bank operates 296 branches and has 4,195 employees (as at 30.06.2012).

Sberbank of Russia is the largest bank in Russia that accounts for almost one third of all Russian banking sector assets. The Central Bank of the Russian Federation is the founder and major shareholder of Sberbank, owning 50 % of the total share capital plus one voting share. Other shares are held by more than 245,000 individual and institutional investors in Russia and internationally. The Bank has the largest distribution network in Russia with over 19,000 offices as well as subsidiaries in 20 countries including the CIS, Central and Eastern Europe.
The Bank holds the general banking license No.1481 issued by the Bank of Russia.
The official website is www.sberbank.ru

Doris Ladewig
Head of Corporate Communications
Sberbank Europe AG
Tel.: +43 (0)1 22732-3942