Emerging Markets, Emerging Russia, Emerging Views
Russian investment bank Troika Dialog has tapped Igor Sagiryan from rival Renaissance Capital as group president to oversee new business development and strategic tasks with clients.
Sagiryan will be responsible for overseeing new business development at Troika as well as managing the company’s strategic tasks in its operations with institutional and private clients.
At Rencap, Sagiryan was [...]
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By Jason Corcoran in Moscow.
A consortium led by the investment bank VTB Capital has won a competitive tender to revamp St Petersburg’s Pulkovo airport in what is set to be Russia’ first major Public Private Partnership (PPP).
The consortium consisting of VTB Capital, the state controlled investment bank, Fraport, the owner and operator of Frankfurt airport [...]
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Igor Livant, a former executive director at Goldman Sachs in Moscow, has surfaced as an associate principal at consultants McKinsey & Company.
Livant, who left the American investment bank in February, had been at Goldman’s for three an a half years. He has extensive experience in equity and M&A deals in Russia and the CIS. He [...]
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Jason Cororan in Moscow
VTB Capital, the investment banking arm of state-controlled VTB bank, has hired ten staff for its new Dubai operation in a bid to lure sovereign Gulf money to Russia.
The bank is attempting to set itself up as a conduit for Middle East sovereign wealth money which might be interested in investing in [...]
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Jason Corcoran in Moscow.
The European Bank for Reconstruction for Reconstruction and Development has approved a $50m investment with Moscow-based private equity firm UFG Asset Management, as fund-raising activity in Russia shows signs of bouncing back.
The investment comes days after it was disclosed that Robert Sasson, the former head of the St Petersburg office of the [...]
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Troika Dialog has ousted rival Renaissance Capital from the top position as leading brokerage firm, according to the results of the Thomson Reuters Extel Survey 2009.
A spokeswoman for Troika told EmergingMarkets.me that it was the first time the investment bank had won the main research award for a number of years.
Troika clinched the top brokerage [...]
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Jason Corcoran in Moscow.
The European Bank of Reconstruction and Development has approved a $150 million five-year loan for Troika Dialog as part of the development bank’s $500m package to buttress Russian banks against a second wave of bad debt, which is expected to peak in two months time.
The loan comes three months after South Africa’s [...]
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Hires & Fires
VTB Capital, the Russian investment bank, is carrying on its hiring spree with the appointment of Ivan Tchebeskov from Swiss bank UBS as a director of equity sales.
Tchbeskov had been a director for Russian equities at UBS for three years in Moscow and New York.
VTB, which last week lured a sales and trading [...]
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Jason Corcoran in Moscow.
A bitter dispute between billionaire Mikhail Prokhorov and Swedish fund manager Prosperity Capital over a cancelled share buyback at utility TGK4 may soon be resolved.
A source close to Prokhorov’s investment holding Onexim last week told Interfax that he hopes to resolve the situation with respect to claims from TGK4 minority shareholders in [...]
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Jason Corcoran in Moscow.
HSBC Private Banking is hiring 20 bankers in Moscow in an ambitious bid to become the leading manger for Russia’s ultra wealthy.
Until recently, Moscow HSBC has been represented on the Russian private banking market by the division of Swiss office of HSBC, where Russian client accounts were opened.
Natalia Solodovnikova, HSBC’s head of [...]
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A further four bankers have quit the UK business of Troika Dialog following the resignation of its chief executive Howard Snell and several departures from its private equity arm in Russia.
A three-man sales and trading team in London are leaving Troika to join VTB Capital, the investment banking arm of the state controlled bank VTB. [...]
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By Taras Rybak in London
Alexander Kandel, chief executive and head of investment banking at Italy’s UniCredit Securities in Moscow, is leaving the group just as it is engaged in a battle with Russian bank Aton for its staff.
UniCredit said Kandel was leaving shortly for “personal reasons” to take some time out and would not speculate [...]
