By Andrei Skvarsky.
Russia’s Investbank has confirmed that it is handing its job of chief executive to Konstantin Korishchenko, who is quitting as Merrill Lynch’s head for Russia.
An Investbank spokeswoman told EmergingMarkets.me that Korishchenko’s candidacy had been approved by the supervisory board of the Moscow-based firm but that the appointment procedure would take a month.
Meanwhile, Korishchenko, whose departure from Merrill has been reported by Bloomberg and Russian business daily Vedomosti, would be a member of the supervisory board, the spokeswoman said.
Korishchenko has spent less than a year in his senior Merrill Lynch role.
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