Rosbank, the Moscow-headquartered firm that counts private banking among its services, has appointed Sergey Degtyarev as first deputy chairman of its management board.

In his new role, Degtyarev will be responsible for corporate governance development, the firm said in a statement. He will also supervise legal and operational risk management, compliance control and remote control practices, maintenance and supply.

Prior to the appointment, Degtyarev served as the bank’s deputy chairman, a role in which he oversaw financial management, corporate planning and audit, market risk management, mid- and long-term liquidity risks and other functions.

Paris-listed Société Générale owns 64.8 per cent of the shares of Rosbank and the appointment of Degtyarev is related to SocGen’s development strategy in Russia, along with the recent decision to combine Rosbank and other SocGen Russian subsidiaries

Degtyarev’s responsibilities are of fundamental importance for the successful realisation of integration procedures, according to Rosbank.