Russia’s UralSib Bank to Name Ilkka Salonen CEO, Kommersant Says

UralSib Bank, a Russian non-state lender, may appoint Ilkka Salonen as chief executive officer to help restore profitability and prepare the bank for a public share sale, Kommersant reported, citing unidentified people.

Salonen has been working in Russia since 1985 at lenders including Nordea Bank AB (NDA) and OAO Sberbank, the newspaper said. Until recently, he represented the European Bank of Reconstruction and Development on the board of Promsvyazbank, according to Kommersant.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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