By Ivan Anderzhanov in Moscow

Russian investment bank Troika Dialog has appointed Peter Ghavami as head of global markets in a shake-up of its senior team following the completion of the integration of Standard Bank’s operation in Moscow.

Insiders at Troika indicated Ghavami had been given the key role after the completion of the merger of the South African’s bank’s Russian business into Troika. The two banks first announced a strategic partnership in March 2009 when Standard took a 33% stake in Troika for $200m.

Ghavami was hired by Standard Bank to lead negotiations with Troika after quitting Lehman Brothers following the acquisition of its European business by Nomura last year. Ghavami, a former global head of commodities at UBS, had joined Lehman’s in January 2008 to partner country head Nick Jordan in building its Russian business.

Ghavami replaces Jacques Der Megreditichian who is promoted to the the new role of chief business officer overseeing a range of departments, including global Markets, investment banking, asset management and marketing.

Luis Vaz Pinto, who joined Troika over a year ago from JP Morgan where he had been head of syndicate and European corporate broking, has been appointed managing director of investment banking.

Sources indicated that Troika had yet to replace Gerrit Heyns who quit as head of sales in July this year.

On Monday, Troika announced the formalisation of the strategic partnership following regulatory approvals in Russia, South Africa and the UK. Troika said the new organisational structure ensures senior executives focus immediately “on the revenue synergies inherent in Troika and Standard Bank’s complementary offerings.”

Ruben Vardanian, chief executive of Troika, will join the board of directors of Standard Bank Plc while Standard Bank’s Rob Leith and David Duffy join the board of Troika.

Troika also confirmed the appointment of equity traders Jim Bevan and Marcus Martin from Nomura, as previously reported by Emergingmarkets.me.