Sberbank, Russia's biggest lender, plans to hire a senior executive from Morgan Stanley and a strategist from McKinsey, as competition for top talent in the high-growth region grows fiercer.

Anton Karamzin, a financial director at Morgan Stanley's Moscow office, will join Sberbank as chief financial officer and Denis Bugrov from McKinsey in Moscow, will become Sberbank's new strategist, according to Russian daily Vedomosti.