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Sotsinvestbank's management board chairman resigns

Radik Akhmetshin stepped down as chairman of the management board at JSC Sotsinvestbank, the lender said Oct. 8.

Deputy Chairman Dmitry Ovchinnikov was appointed acting chairman of the board and will be responsible for preparing the lender for a merger with its parent, Bank Rossiysky Capital (JSC). Another deputy chairman, Oleg Fedyakov, also stepped down from the management board.