17 Oct 2023 14:52

Former head of retail business digital transformation at VTB heads up IT group T1

MOSCOW. Oct 17 (Interfax) - Alexei Fetisov, who previously served as head of retail business technological development and Senior Vice President of VTB Bank , has become the new CEO of T1 LLC, which owns the companies of the eponymous IT group, the company said in a statement.

"Today T1 Holding plays a leading role in the transformation of the Russian IT market, and it is important for us to maintain the pace and direction of development," Fetisov was cited as saying in the statement. "The holding will continue to invest in the development of innovative IT products that anticipate the needs of customers," he said.

The company said in a statement that under Fetisov's leadership, the holding will continue to implement the updated strategy, develop new technological vectors and expand its own product portfolio.

Dmitry Kharitonov, who has been acting CEO of T1 since August this year, became Fetisov's first deputy and retained his position as CEO of Innotech (part of T1).

As reported, from May 2022 to August of this year, Igor Kalganov was the head of T1 [until last spring he was also a co-owner of Innotech with a 32% stake].

When Kalganov was appointed head of T1, the company noted that he would be responsible for adapting the strategy to new conditions, creating and developing new technology areas within the holding, diversifying the portfolio of high-tech solutions, and improving operational efficiency.

T1 comprises 17 companies, including T1 Integration, T1 Consulting, T1 Cloud, MultiKarta, Innotech, Datatech and others. They have expertise in system integration, consulting, software development, Big Data and machine learning, information security, the Internet of Things, etc.

T1 does not disclose its consolidated financial statements, but estimates the holding's turnover at 166.7 billion rubles. It follows from the financial statements that the total revenue of the group for 2022 amounted to about 150 billion rubles. At the same time, the highest profitability last year was shown by GC Innotech (51 billion rubles), TS Integration (48.5 billion rubles), Servionics (9 billion rubles) and TSK Technology (8.8 billion rubles).

"T1 is based on the assets of Technoserv, one of the oldest companies in the Russian IT market, which was founded in the early 1990s by brothers Alexei and Dmitry Ananyev. In 2018, VTB became the owner of 40% of Technoserv.

Now, according to the Unified State Register of Legal Entities, T1 is 69.4% owned by Yulia Mankos' Sirocco Technology LLC, with Mankos directly owning another 0.1% of the group. Another 30.5% of T1, formerly owned by VTB, is now held by the Axis closed-end fund, managed by NRK-Capital Management Company LLC.