As the managing director, Tokaeva will be responsible for developing the private banking business and servicing major clients.

She will report to Elena Shilina, head of private banking and advisor to one of the deputy chairmen of the management board of Sberbank of Russia.

Most recently, Tokaeva was with UBS Group where she had worked for the past 12 years and during her tenure there, Anna had held a number of management positions ranging from senior account manager/associate director (CRM and BD group) at UBS Global Asset Management in Chicago to executive director/head of UBS Global Asset Management Russia and executive director of UBS Wealth Management’s Russian representative office.

Commenting on her appointment, Tokeva said: "Sberbank Private Banking is currently the most promising player in the Russian private banking market. I hope that I will be able to bring to Sberbank’s new structure the experience I gained working at Western companies, where the key focus is placed on building long-term clients relationships that are based on trust. Sberbank is ideally positioned to become the leading provider of private banking services in Russia."