Troika’s Vardanian quits as head of Skolkovo management school

By Andrei Skvarsky.

Russian brokerage Troika Dialog’s founder and chief executive, Ruben Vardanian, has stepped down as president of the Kremlin-overseen Skolkovo Moscow School of Management.

Vardanian, who will remain involved with the school, heading its Committee on International Cooperation and Strategic Partnerships, has been replaced by Andrey Rappoport, one of the institution’s founding partners.

Vardanian is also expected to resign in a few years from Troika, which is being taken over by Sberbank as Russia’s biggest lender is trying to move into investment banking.

Troika now has a job finding the heir to him after the shock departure of the Moscow-based firm’s head of global markets, Jacques Der Megreditchian.

The Skolkovo Moscow School of Management, a graduate institution set up in 2006, is a privately funded joint project by Russian and international business leaders.

Russian President Dmitry Medvedev heads its international board of trustees.

Its coordinating council includes RusNano chief executive Anatoly Chubais and Alexander Voloshin, a former Kremlin chief of staff who leads the team working on Medvedev’s plan to turn Moscow into an international financial centre.

The school is located in Skolkovo, a village outside Moscow and the site of the emergent Skolkovo Innovation Center, Russia’s planned version of Silicon Valley.

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