January 19, 2010 / 9:42 AM / 10 years ago

Russia's Troika Dialog co-founder to leave company

MOSCOW, Jan 19 (Reuters) - Russian investment bank Troika Dialog said its co-founder and asset management chief Pavel Teplukhin is to leave the company — the group’s fourth senior departure since Standard Bank SNBKJ.J took a stake last year.

The investment bank said the move was a “collective decision” by its partners despite nearly 20 years with the company.

“We support (Teplukhin’s) plans and ambitions to develop his career in new and interesting areas,” Chairman Ruben Vardanyan said in a statement.

Teplukhin, who once claimed to have 30 percent of the Russia Forbes rich-list as clients, follows head of sales Gerrit Heyns, UK Chief Executive Howard Snell, and Troika Capital Partners head Giedrius Pukas out the door in recent months.

Troika, which was founded amid the collapse of the Soviet Union in 1991, sold a 33 percent stake to South Africa’s Standard Bank (SBKJ.J) in an asset swap and cash deal last March.[ID:SP406488] (Reporting by John Bowker; Editing by Mike Nesbit)

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