EEMEA round-up: Russia – Deutsche regroups, Merrill’s head quits
Having been hit by a series of defections in recent months, Deutsche Bank has acquired a new head for its Russian business.
Igor Lojevsky is rejoining the firm as chief country officer. He left Deutsche last year to join rivals Dresdner Kleinwort. Lojevsky’s appointment is one of a number of new hires and internal moves in response to recent losses. In particular, the investment banking arm of Russia’s VTB has snapped up several Deutsche staff, including Yuri Soloviev, the deputy head of Deutsche Bank’s Russian operations. Meanwhile, Merrill Lynch’s head of Russia, Sergei Aleksashenko, has quit the firm. The reason for his departure has not been revealed. His is the second big loss for Merrill. In March, the bank’s managing director in Moscow, Andrei Arofikin, left to join Sberbank.