The supervisory board of PAO Credit Bank of Moscow approved the candidacy of Mikhail Polunin to the post of first deputy chairman of the management board, the lender said Feb. 26.

Polunin serves as an adviser to the bank's management board chairman. Subject to central bank approval, his new role will see him take responsibility for relations with strategic clients of the bank, for coordinating the work of the lender's business units and for overseeing its division responsible for dealing with distressed assets.