Born on 27 April 1965 in the city of Podolsk, Moscow Region. In 1988 he graduated from the Department of Engineering of Zhdanov Polytechnic Institute of the city of Gorky specializing in heat-power engineering. In 1998 he graduated from Lobachevski State University of Nizhny Novgorod specializing in Management. Mr Kitaev launched his career in Joint Engineering Design Bureau. He has over 15 years of experience in the banking sector, 10 of which were in senior positions. 1994–2000 – Chairman of the Board, OAO NSKB Garantiya. 2000–2001 – Deputy Chairman of the Board, OAO Bank Petrovsky. 2001–2006 – General Director, OOO New City Development Company. 2007–2010 – Advisor to the Director, OAO Atomenergoprom. Since 2006 – General Director, AO NPF Atomgarant.