Nikolay Smolensky

Who is Nikolay Smolensky?

Nikolai Alexandrovich Smolensky, is a Russian banker and businessman.

Smolensky is the son of businessman Alexander Smolensky, the former head of large Russian bank Agroprombank/SBS-Agro-Bank which collapsed in 1998. He is an associate of fellow Russian businessman Roman Abramovich, and due to his wealth, youth and his oligarch father, has been dubbed in the press as the "baby oligarch".

Raised as “a sworn enemy of communism”, according to his father, Smolenski was educated in Austria and England. After his father's bank SBS-Agro collapsed in 1998, Alexander launched a new banking group, First OVK. In 2003, this was handed to Nikolai, who declared it would triple in size to 1,500 branches. Two months later, he sold the business for an estimated £80m to Rosbank, a member of Interros Group.

On 27 July 2004 Smolenski, claiming Greek/British citizenship, bought British carmaker TVR. He also has connections with Italian motorbike manufacturer Benelli

On 12 July 2012 Nikolay Smolensky confirmed a permanent end to TVR car production, stating that costs and customer demands are now too high for the business to operate profitably. The TVR name is now likely to be used on a new line of portable wind turbines. .