Alexander Fadeev has been appointed to the position of the management board chairman at International Bank of Saint Petersburg. As the lending institution said in a press release, his candidature was agreed upon with the Chief Directorate of the Bank of Russia in Saint Petersburg.

As the bank’s president Sergei Bazhanov said, Fadeev’s appointment aims to strengthen the lending institution’s positions on the financial market.

Alexander Fadeev joined International Bank of Saint Petersburg in February 2012 as head of the branch network, and last July he was promoted to the post of a first deputy director of the lending institution’s Moscow branch. His banking career started in 2002 and from 2006 through 2011 he held executive positions at regional representative offices of large Russian banks.