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Ivan Svitek is stepping down as general manager of Alfa-Bank (Ukraine)

Friday, August 9, 2019
Ivan Svitek is stepping down as general manager of Alfa-Bank (Ukraine)

Ivan Svitek is stepping down as general manager of Alfa-Bank (Ukraine) after two and a half years. During his tenure, Svitek, a US-trained Czech, oversaw the acquisition of Ukrsotbank from Italy’s UniCredit Group, closed branches, expanded internet banking, and doubled profits to $36 million during the first half of this year. Svitek, a multi-lingual manager, plans to stay in Ukraine and pursue new opportunities. He will be succeeded by Rafal Yushchak, who since 2015 has been managing director of Alfa in Belarus.

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