Otkritie’s top management is at a low start: bankers are finishing…

The top management of Otkrytie is at a low start: bankers are finishing up the processing of visas and other grounds for staying in jurisdictions where everything is complicated with extradition to Russia. The main reason is the finalization of the merger with the largest retail bank, after which big questions may arise for many.

Even the head of Otkrytie, Mikhail Zadornov, can escape close communication with control bodies – a member of the political council of PARNAS conveniently fell only under US and UK sanctions; the banking liberal has excellent relations with the unfriendly EU. The rest are greatly helped by the regulator’s recommendations on concealing information about employees due to the threat of sanctions – resignations and departures will be officially announced when the main characters are beyond the reach of Russian justice.

A separate issue is the evacuation of Zadornov’s assets from Otkritie. The remaining time will be spent transferring the most valuable and problematic parts of the bank to friendly organizations. Example: fictitious sale “Points” to the pseudo-bank “Trust” inside the perimeter of the group. In the bureaucratic mess, it will be possible to reliably bury all Zadornov’s machinations of recent years, while the most valuable assets will be sold at a favorable price in order to improve their financial situation in forced emigration.