The Russian Agency for Housing Mortgage Lending changed its corporate name to JSC DOM.RF Russia Housing & Urban Development Corp., it said March 5.
All of the DOM.RF's units, including Bank Rossiysky Capital (PJSC), will be renamed and integrated under a single brand once all the required procedures have been completed in the first half of 2018, the corporation said.
Meanwhile, Kommersant reported March 6 that Bank Rossiysky Capital's management board members Sergey Lukash, Mikhail Berezov and Vladimir Voeikov left their posts following the lender's takeover by DOM.RF Corporation. Lukash was responsible for Bank Rossiysky Capital's finance division, while Berezov and Voeikov oversaw the lender's corporate business and problem/noncore assets, respectively.
The personnel changes have been attributed to the merger of back office functions between the bank and the parent. Bank Rossiysky Capital also plans to reduce its workforce to 2,300 in 2018 from 4,300 people in 2017, Kommersant noted, citing market sources.
Bank Rossiysky Capital said earlier that its previous management board chairman, Mikhail Kuzovlev, also left his post but would continue to work for the bank as chairman of its board of directors.
