Nomos Senior Executives Plan to Leave as Bank Bought by Otkritie

Four senior bankers at Nomos, Russia’s second-biggest private lender, said they intend to leave as the company is acquired by Otkritie Financial Corp.

Roman Pivkov, head of investment banking, Artem Gavrilov, head of foreign exchange, interest rates and money markets, and Andrey Orlyanskiy, head of portfolio management, all said by phone that they plan to quit. Alexei Tretyakov, head of Nomos’s financial operations department, said by e-mail that he plans to leave by the end of the year.

Otkritie, which is 20 percent owned by state-run VTB Group, plans to increase its holding in Nomos to 100 percent within two years from 19.9 percent, the Moscow-based banks said in statements on Aug. 31. VTB is providing Otkritie with a $1 billion loan for the deal, which may “indirectly” point to an interest in acquiring Nomos, according to analysts at OAO Sberbank.

Pivkov said his plan to leave was “related” to the bank’s coming integration into Otkritie. Tretyakov said it would be “difficult” to repeat the investment bank’s “strong” performance once it’s integrated into Otkritie.

Alexander Dmitriev, a Moscow-based spokesman for Nomos, declined to comment.

To contact the reporters on this story: Artyom Danielyan in Moscow at adanielyan@bloomberg.net; Jason Corcoran in Moscow at jcorcoran13@bloomberg.net.

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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