Russian financial sector veteran Zlatkis leaves Sberbank's management

MOSCOW. Sept 20 (Interfax) - Bella Zlatkis, a Russian financial sector veteran and one of the creators of the domestic debt market, is leaving Sberbank's management board.

"Sberbank's supervisory board has granted the request of Sberbank's deputy chair of the management board, Bella Zlatkis, to leave the board's composition of her own volition," Sberbank said in a press release.

Sberbank did not specify whether Zlatkis had left only the board or the bank as a whole.

"For 18 years I worked as a deputy chair on Sberbank's management board. I believe that the time has come to give the next generation of leaders the opportunity to prove themselves in management and have therefore decided to leave it," Zlatkis was quoted as saying in the press release.

Zlatkis worked in the Finance Ministry of the Russian Soviet Federative Socialist Republic and the Russian Finance Ministry for many years, including as deputy minister in 2000-2004. She moved to Sberbank in 2004, then headed by Andrei Kazmin, with whom Zlatkis worked on new financial legislation at the beginning of the 1990s.

Zlatkis was the only member of Sberbank's management to have held an executive position under Herman Gref's predecessor starting in 2011. Even since then, most of the new Sberbank team has been replaced.

Zlatkis also traditionally represented Sberbank's management on its supervisory board along with Gref. Zlatkis was replaced by Alexander Vedyakhin, first deputy CEO of Sberbank, on the list of candidates to the board this year, leading to discussion of the possibility that she might leave the management of the bank.