By Andrei Skvarsky.
Morgan Stanley is parting company with the two top managers of its Russian office, chairman Rair Simonyan and president Elena Titova.
Media reports have expressed a surmise that both may join Russian oil major Rosneft.
Reuters cited Russian media as saying Titova, who spent around 12 years at Goldman Sachs before joining Morgan Stanley in Moscow, may be appointed as head of the All-Russian Regional Development Bank, an institution owned by Rosneft.
No one was available at Morgan’s Moscow office for comments for EmergingMarkets.me.
Morgan’s current head of investment banking in Moscow, Gergely Voros, will stand in for Simonyan, while the head of capital markets in the Moscow office, Mikhail Solovyov, will be interim president, Reuters said, citing a Morgan spokesman.
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