This Russian Banking Star May Be Fading

Dialog's founder now has plenty of rivals and plunging profits

Peter Derby has been riding high. Last year, the 37-year-old chairman of Russia's Dialog Bank was named "a global leader of tomorrow" by the World Economic Forum in Davos. Then, he was feted as "Businessperson of the Year" by the American Chamber of Commerce in Russia. To top it off, he became a multimillionaire on Dec. 31--pocketing some $40 million by selling his investment bank, Troika Dialog, to the Bank of Moscow. Not bad for the American-born grandson of a Russian shipping magnate who fled the Bolshevik Revolution.

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