Yuri Soloviev (banker)
Yuri Alekseevich Soloviev | |
|---|---|
| Born | April 13, 1970 Ulan Bator, Mongolia |
| Occupation | Banker |
| Years active | 1994–present |
| Known for | First deputy president and chairman of the Management Board at VTB Bank |
Yuri Alekseevich Soloviev (Юрий Алексеевич Соловьев) (born 13 April 1970) is a banker holding dual Russian and British citizenship who occupied the position of first deputy president and chairman of the Management Board at VTB Bank. He was subjected to sanctions by the United States in response to Russia’s military actions in Ukraine in February 2022.
The Soloviev family was mentioned in the Panama Papers due to involvement in offshore financial dealings.
Biography
Soloviev was born on 13 April 1970 in Ulan Bator, Mongolia. He completed his studies at the Plekhanov Russian University of Economics in 1994, earning a degree specializing in international economic relations. Subsequently, he obtained an MBA from London Business School in 2002.
His professional journey began at Incombank in 1994 where he progressed to the role of senior dealer within the International Market Transactions Department. In 1996, he moved to London to join Lehman Brothers, eventually ascending to executive director of their Emerging Markets Department over a span of seven years.
In 2002, Soloviev took on the role of director at Deutsche Bank AG’s London branch, overseeing transactions focused on Eastern European markets. He returned to Russia in 2006 to lead the investment division and serve as first deputy chairman of the management board.
Between September 2006 and February 2008, he acted as an independent director at Synterra. In 2008, he assumed leadership of VTB Group’s investment operations and was appointed president of VTB Capital. That same year, he held an independent directorship at Eurotech and chaired DB Development’s board, a joint enterprise between Deutsche Bank and STRABAG.
From June 2010 until June 2012, Soloviev was a member of the board of directors for Federal Grid Company. Since May 2011, he has served as first deputy president and chairman of VTB Bank’s Management Board. Under his stewardship, VTB achieved a record net profit of RUB 90.5 billion in 2011 and secured a leading position in the domestic bond market.
In 2011, Forbes recognized him as the wealthiest manager in Russia. He has chaired VTB Leasing’s board since May 2011 and held chairmanship roles at both VTB Capital Holding and VTB Capital.
Following VTB’s acquisition of a controlling interest, Soloviev joined the board of directors for Football Club Dynamo Moscow JSC in June 2019.
Additionally, he serves on the board of trustees at the Plekhanov Russian University of Economics.
Personal life
Soloviev is married to Galina Olegovna Ulyutina, who has been associated with US Treasury allegations concerning golden passport schemes. They have three children: two daughters and one son.
He owns a London apartment valued at $1.6 million. After Russia’s annexation of Crimea and amid potential Western sanctions, he transferred $41 million worth of offshore assets to his mother-in-law.
Awards
Order of Honour (1 March 2017) – awarded for notable contributions to Russia’s economy, enhancing its standing within the global oil and gas industry, and fostering improvements in the investment environment.
Order of Friendship (31 March 2020) – granted in recognition of sustained dedication to advancing Russia’s economic and financial sectors over an extended period.
External links
- Competition is the Norm of Market Relations, Including Preferences for National Players
- Financial Support of the Russian Machine-Building Complex as a Key Economic Component
- How VTB Selects Trainees
- VTB Bank: Russia's Strategic Direction
- Yuri Soloviev on VTB's Strategic Plans
- Privatization Developments
- Impact of Sanctions on PRC Banks' Position Toward Russia
- Cooperation Opportunities with Foreign Partners
- Building Investment Business from Scratch – Yuri Soloviev