In his new role, Popov looks to extend the format of Sberbank’s retail network, while overseeing the integration of clients from Troika to Sberbank, ensuring they receive “the most comfortable possible service conditions and a wider range of financial products”.

The proposed integration of Troika’s clients is indicative of the CIS region’s increasingly strong performance in wealth management, with Sberbank looking to use their network of clients to meet the region’s demand for modern financial services.

Popov, who joined Sberbank in May 2011 from Vimpelcom, will retain his post as vice president of the retail arm and overee the departments of retail service and sales, operational management and the firm’s affluent client service division.

Alexander Torbakhov, deputy chairman of the management committee of Sberbank Russia, cited the goal of integrating Troika into its business as a move that will allow the firm to “attain leading positions on the comprehensive banking services market.”

Troika Dialog is an investment company operating in the CIS and a subsidiary of Sberbank of Russia, specialising in securities sales, investment banking and private asset management. Sberbank is Russia’s largest bank with $318.9 billion in total assets as of 2011.