Head of VTB Group’s retail-lending unit Mikhail Zadornov

Head of VTB Group’s retail-lending unit Mikhail Zadornov

Alexander Zemlianichenko Jr./Bloomberg

Mikhail Zadornov, seen here in a Oct. 6, 2011 photo, 49, was finance minister in 1998 when Russia’s government defaulted on $40 billion of domestic debt. He has been president of VTB Group’s retail unit, VTB24, since 2005.