Oleg Viyugin will be based in Moscow and will continue to hold his current position at MDM Bank as its chairman of Board.

Viyugin is a veteran having 25 years of experience in banking, finance and economics sectors.

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Before joining MDM Bank in 2007, Viyugin had headed the Federal Financial Markets Service of the Russian Federation, a position he had held since 2004.

Previously, he also held a variety of senior positions within the Russian government, including first deputy finance minister and first deputy chairman of the Central Bank.

Commenting on the appointment, Franck Petitgas, global co-head of Investment Banking, said: "Oleg brings a wealth of experience in banking and financial regulation to Morgan Stanley. "

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