Morgan Stanley's Russia chairman Rair Simonyan was nominated to join the board of Sberbank after President Dmitry Medvedev ordered government officials to step down as directors at state-controlled companies.
Economic Development Minister Elvira Nabiullina and Medvedev's economic adviser Arkady Dvorkovich withdrew from the list of candidates, Sberbank said Tuesday in an e-mailed statement. Kazakhstan's Economic Development and Trade Minister Kairat Kelimbetov also declined a nomination.
Mikhail Matovnikov, head of corporate development at Interfax, and Alessandro Profumo, former chief executive of UniCredit and a Sberbank adviser on international expansion, may also join the board.
