Ernst & Young Russia (E&Y) has
revealed Alexander Grebeniuk will replace Ralf Wagener as managing
partner of the firm’s
St Petersburg office. Prior to his appointment, Grebeniuk was an
audit partner and technology, communications and entertainment
leader at E&Y Moscow.

E&Y said Grebeniuk’s appointment as managing partner is part
of a commitment to developing the Russian leadership of the firm.
In addition to his duties as the office leader, Grebeniuk will take
charge of the St Petersburg audit practice.

“After five years spent working in Moscow, I am very glad to
come back to the city on the Neva to lead one of the most
successful and dynamically developing Ernst & Young offices in
the Commonwealth of Independent States,” Grebeniuk said.

“I hope that together with the talented team of the St
Petersburg office, we will continue the successes of my
predecessors and enhance the vibrant development of Ernst &
Young — retaining and strengthening our leading positions in the
audit and advisory services market in the northwest of Russia.”

Grebeniuk has more than 14 years of professional experience,
which includes the ISA and US GAAS audit of financial statements of
major Russian and international companies prepared in accordance
with Russian Accounting Standards, US GAAP and IFRS. He also has
experience working on initial public offerings on the NYSE and LSE,
and within advisory services, including implementation of
information and budgeting systems.

Wagener, who has worked at Ernst & Young in Russia for four
years and led the St Petersburg office for three years, returns to
E&Y in Berlin to build the Russian competence centre of E&Y
Germany. The competence centre is designed to help Russian
companies and entrepreneurs do business in Germany, including IPOs
on German stock exchanges. “These four years in Russia were the
most exciting and interesting years in my professional career,”
Wagener said. “As I return to Germany, I hope to use this
experience to help Russian business go west and German business go
east.”

This month, Wagener will hand over management duties to
Grebeniuk.