Alexander Pahomov appointed as the new deputy of VTB's president.
VTB Bank's Supervisory Board appoints Alexander Pakhomov as Deputy President and Chairman of the Management Board, replacing Georgy Gorshkov, effective following Central Bank of Russia approval. In his new role, Pakhomov will oversee VTB's retail business, reporting to Olga Skorobogatova, First Deputy President and Chairman of the Management Board.
Pakhomov's key objectives include the development of VTB's retail business, centering on digital services, expanded partner projects, and the introduction of new appealing products across all client segments. Skorobogatova emphasized that Pakhomov's experience will aid the bank in achieving these goals.
Currently, VTB serves over 26 million active retail clients with a household savings portfolio of approximately 11 trillion rubles and a credit portfolio surpassing 7 trillion. The bank caters to clients in every Russian region through its office network and mobile managers. By June of this year, VTB plans to complete the legal merger of RNKB, with 'Post Bank' following in the following year.
Before joining VTB, Pakhomov previously headed 'Post Bank' from 2022. He held senior positions at 'Open Bank', where he oversaw the retail business and regional network. Pakhomov was also a Supervisory Board member of insurance company 'Rosgosstrakh', 'Rosgosstrakh Bank', 'Open Digital Solutions', and 'Binbank' prior to his tenure at VTB24.
Pakhomov's new role at VTB will encompass retail business development, sanctions management, growth and innovation through strategic partnerships and tech integration. He is expected to assess the current state of VTB's retail business, develop a strategic plan for growth, align the team, implement new initiatives, maintain stability amid sanctions, consolidate successes, and expand through strategic acquisitions and partnerships. Long-term goals include technology integration to stay competitive in the financial services sector.
Pakhomov, in his new position at VTB, will focus on the development of the retail business, particularly in digital services, partnership projects, and new product introductions, given his extensive background in retail business management at 'Post Bank' and 'Open Bank'. As he assumes this role, he is also expected to address sanctions management, foster growth and innovation through strategic partnerships and technology integration, and oversee the strategic expansion of VTB's retail business.
