Thibaut joined the firm in October of last year as head of private banking within the private clients division, based in Moscow. Before this she had been based in Geneva as RBS Coutts’ executive vice president for private banking across Eastern and Central Europe, having previously been managing director for ING Bank Switzerland, dividing her time between Geneva and Moscow.

Sagiryan joined Troika in July 2009, having previously been president of Renaissance Group for a number of years.

Ambitious expansion plans are afoot at Troika Dialog: the firm is reportedly targeting a tenfold increase in assets under management, from $3 billion to $30 billion, over the next three to five years. Troika’s chief business officer, Jacques Der Megreditchian, has been quoted as saying that the firm sees significant scope for expansion in Russia due to an increasing number of Russians investing in financial markets, but it is also looking to attract more assets from overseas investors, targeting institutions at first.