Viacheslav Tabachnikov left lobbying firm Cassidy last week to establish Raison D’etat, which will provide public affairs services to foreign companies in Russia that focus on foreign direct investments into the country.
Cassidy will replace Tabachnikov with Evgeny Hapeshis.
Tabachnikov said: “The reason I’ve stepped down is the desire to run a business on a local platform that’s more efficient in a number of cases.”
Andreas Geiger, managing partner at Brussels lobbying firm Alber & Geiger and former CEO at Cassidy, said: “The problem with [Cassidy] is that it belongs to Interpublic, which is the holding company in New York. At Interpublic we found it very difficult to run a white-shoe lobbying law firm model.
“As we understand ourselves, we offer high-end business to clients. And Moscow, I think, was the same. Big networks like Interpublic have to focus on high turnover to keep the machinery running.”
According to a poll, Cassidy’s Washington DC office dropped from fourth to eighth place among lobbying firms, based on fees reported to the US Senate in 2000. In the third quarter of 2000, Interpublic suffered a 47 per cent profit dip.