Aristocrat Lord Daresbury under pressure to quit boardroom role at Russian bank
An aristocrat faces pressure to quit his job on the board of a Russian bank.
Lord Daresbury sits on the supervisory board at the Credit Bank of Moscow.
He and other Brits have been urged to stand down from Russian firms.
Wrong horse: Former jockey Lord Daresbury sits on the supervisory board at the Credit Bank of Moscow. He and other Brits have been urged to stand down from Russian firms
The Credit Bank of Moscow, which is Russia’s sixth largest financial institution, was slapped with US sanctions late last month.
Alongside his business career, the former Greenalls Group chief executive has immersed himself in horseracing.
As a jockey, he rode in the Grand National in 1975 and won the Liverpool Foxhunters seven years later.
He chaired Aintree racecourse for 25 years until 2014. He now has a stand named in his honour at the course.
Daresbury, who has held his position at Credit Bank of Moscow since November 2017, is the latest UK director facing scrutiny after former Tory minister Lord Barker resigned from the board of Russian metals firm EN+ on Monday.
Barker received up to £6million a year as executive chairman of the aluminium company, which boasts oligarch Oleg Deripaska as a major shareholder.
Lord Daresbury rode in the Grand National in 1975 and won the Liverpool Foxhunters seven years later. He now has a stand named in his honour at Aintree racecourse (pictured)
Jonathan Geldart, director general of business lobby group the Institute of Directors, has called on business leaders to resign from Russian companies.
He said: ‘It is no longer tenable for British directors to be involved in governance roles in the Russian economy.’
Daresbury was contacted for comment.