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Otkritie Holding names new CEO

Sergey Shkodinskiy, serving as deputy CEO at Otkritie Holding JSC, was appointed CEO of the company, the group said June 1.

Shkodinskiy took over from Otkritie Holding founder and main shareholder Vadim Belyaev.

Belyaev was named Otkritie Holding's CEO in August 2017, shortly before the company's main asset, Otkritie Financial Corp. Bank, was taken over by the Russian central bank. The bailout and subsequent restructuring of the group, as well as changes in its model business required Belyaev's personal involvement in the holding company's operations.