‘Former Minister of Economics and Labor Galina Kovaleva is highly likely to get a job at Sverdlovsk Gubernskiy Bank, given especially the fact that she is the bank’s BOD chairperson at the moment. Ms Kovaleva might also get a position with a large federal bank that needs to quickly break into the market as well as get a very powerful administrative resource and great government relations,’ Unicom Partner Universal Investment Company’s Asset Management Director Vitaliy Kalugin said to UrBC.

‘I don’t believe Ms Kovaleva’s leaving Sverdlovsk Gubernskiy Bank is going to badly affect the bank’s share of the market or the bank’s relationship with the new government executives. As a matter of fact, Sverdlovsk Gubernskiy Bank has never been the most influential player on the market, and it is not likely to have its GR resources limited,’ Mr. Kalugin said.

‘Anyway, if Ms Kovaleva does get employed at Sverdlovsk Gubernskiy Bank after all, the bank is bound to experience quite a bit of management reshuffling. I would think people who’d stay would be the hard-working, predictable, and industrious ones,’ he observed.

At the moment, the bank’s supervisory board is chaired by Alexander Ivanov.