By Andrei Skvarsky.
Russian broker Troika Dialog has hired Todd Berman from Bank of America Merrill Lynch as co-head of investment banking.
Berman, who takes up his new role early next month, will share the job of running Troika’s investment banking business with Igor Sagiryan, who joined the Moscow-headquartered brokerage two years ago, the firm said in a statement.
Berman’s career has included roles with Citigroup and Lehman brothers.
His appointment is the latest in a recent series of senior hires by Troika, which is being bought out by Sberbank in the latter’s efforts to move into investment banking.
However, the firm is facing a serious management vacuum as it is parting company with Jacques Der Megreditchian, its head of global markets.
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