U.S. buyout boss Bonderman will drop off supervisory board of Russia's VTB- bank

Reuters

MOSCOW, May 14 (Reuters) - Russia's second largest bank VTB said on Wednesday that David Bonderman, head of U.S. buyout fund TPG, has been excluded at his request from renewing his candidacy for the supervisory board of the bank.

TPG bought $100 million of VTB shares in 2011 alongside China's investment fund CIC.

VTB made the announcement in a Russian regulatory statement posted on its website.

(Reporting by Megan Davies, editing by Thomas Grove)

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