Deutsche Bank in Russia has recruited Igor Soglayev to run its private wealth management operation from a billionaire politician's family office.

The departure of experienced banker Soglaelev from a prominent family office could be a sign that Russia's oligarchs are having to axe expensive portfolio managers following a 70% slide in domestic equity values and tough refinancing conditions.

Deutsche hires new head of private wealth in Russia

Jason Corcoran

Deutsche Bank

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