Sberbank CIB Said to Cut Jobs as Moscow Investor Forum Postponed

Sberbank CIB, the investment banking unit of Russia’s largest lender, is cutting jobs and postponing its annual investor forum as sanctions curtail business.

Rob Hagon, co-head of equity sales trading at Sberbank CIB, is leaving the Russian investment bank, according to two people familiar with situation. Last week, the firm overhauled its capital market division, leading to other departures.