Aleksei Veretenov
RU / EN

Strategic Projects

Alfa-Bank (Russia) — Alfa 3.0 transformation

Alfa 3.0 transformation, connecting the bank’s strategy with its business model, long-term customer relationships and change execution.

Alfa-Bank

Context

A major privately owned universal bank. In 2015–2018, the transition from a product-led model to long-term customer relationships became a shared strategic priority for the management team.

Objective

Connect the bank’s strategy with changes to its business model, customer relationships and execution system.

Role

Co-lead of digital transformation; Chief Product Owner of the Strategy product; adviser to the Chairman of the Board of Directors.

Approach

  • Transition to a long-term customer relationship model.
  • Definition of strategic priorities and transformation initiatives.
  • Alignment of business, products, technology and organisational change.
  • Support for implementation alongside the management team.

Outcome

In the first 18 months, the active customer base grew by 162% in the mass corporate segment, 114% in mid-corporate banking and 45% in the affluent segment.

Company / project website