Sberbank in the running to buy Turkey’s Garanti bank

March 9, 2010

By Ivan Anderzhanov
Russia’s state-controlled Sberbank is bidding for a 20.85% stake in Garanti Bank, Turkey’s largest bank, along with six other possible contenders.
Sberbank is making a bid for a $3.7bn stake being sold by General Electric as part of its strategy of expanding overseas, according to a Reuters report today.
The state-savings bank has previously earmarked [...]

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Aton Capital sets its sights on offices in London and Almaty

March 8, 2010

By Ivan Anderzhanov
Russia’s Aton Capital is to open offices in London and Almaty a year after the investment banking business was relaunched.
The Moscow-based equity brokerage is looking to expand further in the UK and Kazakhstan having already hired a 50-strong Moscow team , according to a report in Vedomosti.
Evgeny Yuriev, the president and founder of [...]

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Al-Shams CEO eyes promoting Islamic finance in Russia

March 8, 2010

By Mushtak Parker | Arab News
Adalet Djabiev is the “comeback kid” of Russian Islamic financial services. He is also part of the new generation of Russian bankers that have mushroomed in the post Soviet Union era and is passionate about giving the country’s 20 million plus Muslims access to Islamic financial services and products, which [...]

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Commerzbank increases stake in Ukraine’s Bank Forum to 90%

March 5, 2010

By Ivan Anderzhanov
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Germany’s Commerzbank has lifted its stake in Ukraine’s Bank Forum to 89.3% from about 63% after snapping up shares from investor Leonid Yurushev.
Commerzbank agreed to buy a stake of 26.25% for an undisclosed price that was indirectly held by Yurushev.
The German bank in September 2007 agreed to buy a majority stake in Bank [...]

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Nevsky’s $3.3bn fund to be liquidated as managers step aside

March 4, 2010

By Marcus Williams
A $3.3 billion emerging markets fund run by Nevsky Capital managers Martin Taylor and Nick Barnes is to be wound down over the next 12 months after the pair decided to step down.
Nevsky Capital said yesterday Taylor and Barnes had given 12 months notice they would stop running the  Nevsky hedge fund from [...]

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Russia’s Pharos named best fund manager

March 3, 2010

Russia’s Pharos Financial has won the best hedge fund manager at the 4th annual Terrapin awards in Dubai earlier this week.
These awards are hosted by Terrapinn as part of their annual Hedge Funds World Middle East Conference. The award was given to the best hedge fund manager based on historical track record, downside protection, 2009 [...]

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RTS offers global investors “high velocity” trading

March 3, 2010

By Marcus Williams
The RTS in Moscow has connected to British Telecom’s Radianz platform enabling the stock exchange to offer traders, banks, brokerage around access to “high velocity trading.”
The market data partnership between RTS and BT Radianz ensures immediate and secure access to trading on RTS and RTS market data for international investors. This will allow [...]

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VTB hires new head for venture capital arm

March 2, 2010

By Ivan Anderzhanov
Russian bank VTB has hired Aidar Kaliev as head of it venture capital arm.
Venture capital is one of the units within VTB’s asset management arm and has about 5.5 billion rubles under management.
Prior to VTB, Kaliev led the board of directors at Summa Telecom and also worked at Eventis Telecom.
Venture capital is one [...]

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$1.25bn Eurobond deal suggests credit market is reopening

March 2, 2010

By Rustam Botashev, Equity Analyst  at UniCredit Securities
VTB Group has placed $1.25bn in 5-year Eurobonds with a 6.465% coupon, Bloomberg reports. Meanwhile both Alfa Bank and Bank of Moscow have launched roadshows aiming to sell their own Eurobonds.
Our view: Falling country risk and an improving economy have attracted credit investors back to Russia. We believe [...]

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Rencap expands footprint into the Balkan region

March 1, 2010

By Marcus Williams
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Renaissance Capital, the emerging markets investment bank, has expanded its footprint into Southeast Europe after agreeing a tie-up with Serbian-based Citadel Investment Services Group.

The joint venture, named Renaissance Citadel, will cover Serbia, Croatia, Slovenia, Bulgaria, Romania, Macedonia, Bosnia and Herzegovina, Montenegro and Albania.
Peter Vanhecke, chief executive for Ukraine, has been promoted to cover [...]

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Banker Pavel Teplukhin set to join Aeroflot board

March 1, 2010

By Ivan Anderzhanov
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Pavel Teplukhin, the founder of Troika Dialog Asset Management, has been nominated as an independent director for the board of Russia’s state airline Aeroflot.

Teplukhin, who recently quit after 20 years at Russia, may be appointed on a June 19 meeting, according to RBC Daily.
His departure from Troika comes a year after the bank [...]

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Russian funds attract net $214.5m for the week

February 26, 2010

By Mark Robinson Head of Equity Research at UniCredit Securities
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Russian funds and ETFs saw cumulative net inflows of $214.5mn in the week to 24 February, EPFR data shows.

In contrast to the previous week, when ETFs drove the net positive, this time traditional funds brought in the majority of new cash ($198m vs. $16.5m).
Global emerging markets [...]

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