Bloomberg News reports that Rair Simonyan and Elena Titova, Morgan Stanley’s two top bankers in Moscow, and Walid Chammah, a former head of its international unit, have departed from the Russian Regional Development Bank, Rosneft said in an e-mailed statement Friday.
Igor Sechin, an ally of President Vladimir Putin who runs Rosneft, hired the trio and Igor Kan, former head of Russian equities at Citigroup in Moscow, to help hedge the company’s oil risk. Simonyan, Titova and Chammah joined from Morgan Stanley in November along with 10 of the U.S. bank’s support staff.
Sechin didn’t respond to requests for more information on Rosneft’s banking plans. Chammah declined to comment by phone.
Shrayer could not immediately be reached for comment at the bank's New York office and a spokesman for Morgan Stanley had no comment.
The news was first reported on industry website SparkSpread.com.
Grant Brady, head of Americas corporate marketing, will take over some of Shrayer's responsibilities.