Emerging Markets, Emerging Russia, Emerging Views
Jason Corcoran in Moscow
A thaw in Anglo-Russian relations could metamorphose into a full-blown spring as rapprochement between the two countries appears to blossom.
Snow may still be in evidence this week in Moscow but they are signs that the Kremlin’s hardline attitude to Britain and West is beginning to melt in an economic climate where cooperation [...]
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Today the 30-stock Micex Index slid 6.4 percent to 763.36 the close in Moscow, its biggest one-day decline since Feb. 17. The ruble-denominated index is still up 23 percent this year. The RTF Index fell 5.3 percent to 682.91.
Russia’s state-owned gas monopoly Gazprom is understood to be planning to sell a $500m (€380m) bond in [...]
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By Jason Corcoran in Moscow
The respective orange, rose and tulip revolutions of Ukraine, Georgia and Kyrgyzstan have wilted less than six years since they first blossomed.
The 2005 Tulip Revolution, which overthrew the government of President Askar Akayev in Kyrgyzstan, did not transform this Central Asian republic into a blooming garden. The same is true of [...]
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By Jason Corcoran
VTB Capital, the nascent investment banking arm of the state bank VTB, is expected to announce its acquisition of a 20% stake in brokerage Otkritie later today.
Rumours of the deal had circulated from late last year following the banking crisis which led to the bankruptcy of a number of cornerstone Moscow financial institutions.
A [...]
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Renaissance Capital has come up with an M&A authorization for major shareholder Mikhail Prokhorov since he holds a 50%-minus one share in the bank. RenCap is advising Onexim, (Prokhorov’s investment vehicle); the same company that helped Prokhorov acquire a share in the bank last September on the purchase of 65% share in RBC Information Systems [...]
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In challenging times for global credit markets, Troika Dialog – leading Russian emerging markets investment bank is strengthening its Risk and Capital Management Division. As Troika Dialog’s Director of Risk Management, Boris Todorov will oversee market and credit risk within Troika Dialog’s Broker, Asset Management and Private Equity divisions. Mr. Todorov will report to Richard [...]
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VTB Capital, Investment Business of VTB Group, strengthens its Research Team by hiring Wiktor Bielski as Global Head of Commodities Research. Wiktor is based in London and reports to Alexander Pukhaev, Head of Commodities, Oil & Gas and Metals & Mining, VTB Capital. Wiktor will be responsible for the development of a market-leading commodity research [...]
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STANDARD BANK has appointed Peter Ghavami (former head of capital markets in Russia at Lehman Brothers & prior to that with UBS where he was the global head of commodities to partner Nick Jordan in building its Russian business) to control its investment in Moscow brokerage Troika Dialog. The South African bank acquired a [...]
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Renaissance Capital, the emerging markets investment bank, has placed first in Institutional Investor’s 2009 Emerging Europe, Middle East and Africa (EMEA) research poll. The authoritative survey of buy-side investment professionals found that Renaissance Capital analysts are considered best-in-field in ten categories, with the next-best house securing two first-place rankings. Renaissance Capital’s team placed first in [...]
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BANK OF AMERICA MERRILL LYNCH has laid off Dmitri Rozanov one of the most productive dealmakers who led the Russian M&A business while based in London. He was previously with JP Morgan & was ranked number one in Thomson Reuters’ league table for the Russian region last year with 14 deals worth $24bn (€18.8bn). His [...]
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J.P. Morgan announced today that it has opened a representative office in Almaty, the country’s financial capital, further enhancing the reach and capabilities of its successful investment banking franchise.
The office is supported by J.P. Morgan’s industry and product teams worldwide, providing local Kazakhstan-based clients with a diversified line of investment banking products, including [...]
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RENAISSANCE CAPITAL has appointed Chris Baxter, the former chairman of investment banking as the chief executive of Renaissance Partners, to lead its private equity business. His appointment is subsequent to the loss of two seniors (Richard Olphert and Rory Cullinan, chairman and deputy chairman) from the division ever since the start of the year. The [...]
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