Alexis Rodzianko, managing director and head of private banking atCredit Suisse in Moscow is leaving, the bank has confirmed.

Mr Rodzianko, who joined the company in 2006 as head of private banking in Moscow, will be leaving in June this year.

According to RBC daily, which cited an unnamed source within the bank, Mr Rodzianko managed to create a private banking business in the city from scratch within four years; during his tenure assets under management grew to $1 billion, the report said.

In an interview with the newswire, Mr Rodzianko reportedly attributed his departure to the fact that the bank’s team had changed. While he declined to elaborate on his future plans he said that his future business interests will still be linked with Russia.

Prior to joining Credit Suisse, Mr Rodzianko worked with high net worth individuals at Deutsche Bank’s Russian subsidiary. Many regard Mr Rodzianko as one of the pioneers of private banking and wealth management in Russia.

A replacement for Mr Rodzianko has yet to be found, WealthBriefing understands.