Yuri Alexéyevich Soloviév
Born (1970-04-13) 13 April 1970
Ulan Bator, Mongolia
EducationPlekhanov Russian University of Economics
OccupationBanker
SpouseGalina Olegovna Ulyutina

Yuri Alekseevich Soloviev (Юрий Алексеевич Соловьев) (born 13 April 1970) is a Russian-British banker who was first deputy president and chairman of the VTB Bank Management Board.[1][2] He was sanctioned by the United States after Russia invaded Ukraine in February 2022.[3][4]

The Soloviev family was mentioned in the Panama Papers in relation to transactions through offshore companies.[5][1]

Biography

Yuri Soloviev was born on 13 April 1970 in Ulan Bator (Mongolia). He graduated from the Plekhanov Russian University of Economics with a degree in international economic relations in 1994. In 2002, he gained his MBA from the London Business School.

In 1994, Soloviev started working as a dealer at Incombank, where he later became the senior dealer in the International Market Transactions Department of the Currency and Foreign Transactions Division.

In 1996, he moved to Lehman Brothers in London. In less than seven years, Soloviev rose from being an analyst to executive director of the Emerging Markets Department.

In 2002, he joined the London office of Deutsche Bank AG as a director, heading up the Department of Transactions on Eastern European Markets. Soloviev returned to Russia in 2006, where he took up the position of head of the investment unit and first deputy chairman of the management board.

From September 2006 to February 2008 he was an independent director at Synterra.

In 2008, he became head of VTB Group's investment business and president of VTB Capital. In April of the same year, he was made an independent director at Eurotech,[6] while from February to June he was chairman of the board of directors of DB Development (a joint enterprise between Deutsche Bank and STRABAG).

From 29 June 2010 to 29 June 2012 he was a member of the board of directors of Federal Grid Company.

Since May 2011, Soloviev has been first deputy president and chairman of VTB Bank's Management Board. That year, the bank achieved a record net profit of RUB 90.5bn[7] and was the leading bank on the domestic bond loan market. To this day, VTB remains the most successful Russian investment bank.

In the same year, Soloviev was placed first place in Forbes magazine's list of Russia's Richest Managers.

He was the chairman of the board of directors of VTB Leasing since May 2011.[8]

In June 2019, he was appointed a member of the board of directors of Football Club Dynamo Moscow JSC.[3] Prior to that VTB became the controlling stakeholder of the club.[9]

He was also the chairman of the board of directors at VTB Capital Holding and VTB Capital.[8][2]

Soloviev is a member of the board of trustees of the Plekhanov Russian University of Economics.

Personal life

He is married to Galina Olegovna Ulyutina.[3] According to the US Treasury, she has been involved in golden passport schemes.[3] He has two daughters and one son.

He owns a $1.6 million apartment in London.[1]

After Russia annexed Crimea and Soloviev was at risk of being sanctioned by the West, he transferred offshore assets worth $41 million to his mother-in-law.[1]

Awards

Order of Honour (1 March 2017) – for making a significant contribution to the development of the Russian economy, strengthening the position of Russia in the global oil and gas industry and successfully resolving tasks to improve the investment climate in the Russian Federation.[10]

Order of Friendship (31 March 2020) – for contributing to the development of the Russian economy, finance and many years of work committed to fostering further improvement of these areas.[11]

References

  1. 1 2 3 4 "Russian bankers shuffled personal wealth offshore long before latest sanctions, Pandora Papers show - ICIJ". 11 April 2022. Retrieved 11 April 2022.
  2. 1 2 "Зампред ВТБ Соловьев покинул пост в день введения санкций США" (in Russian). RBC. 3 March 2022.
  3. 1 2 3 4 "Here are the Russian oligarchs targeted in Biden's sanctions". NBC News. 26 February 2022. Retrieved 12 March 2022.
  4. ↑ "Notice of OFAC Sanctions Actions." Publication Date: 2 March 2022. 87 FR 11818
  5. ↑ Bigus, Denys. "A high-profile Russian partner of Ukraine's top banker - The Panama Papers". OCCRP. Retrieved 12 March 2022.
  6. ↑ Eurotech
  7. ↑ VTB Increased the Net Profit According to the IRFS up to 90.5 Bln. Roubles in 2011
  8. 1 2 "Соловьев Юрий Алексеевич". VTB Bank. Retrieved 18 January 2021.
  9. ↑ "Руководство футбольного клуба "Динамо" Москва". FC Dynamo Moscow. Retrieved 18 January 2021.
  10. ↑ Decree of the President of the Russian Federation as of 1 March, № 95 “On Granting of the State Awards of the Russian Federation”
  11. ↑ "Первый замглавы ВТБ Юрий Соловьев награжден орденом Дружбы". Gazeta.Ru. 31 March 2020.
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