Emerging Markets, Emerging Russia, Emerging Views
From the monthly archives:
By Marcus Williams in London
Russian investment bank VTB Capital is planning a “second wave” of hiring at a senior level.
The new hires will be made at a senior level, according to Andrei Kostin, who was speaking at the Davos Conference in Switzerland.
The brokerage’s first wave of hiring was orchestrated by its chief executive Yuri Soloviev, [...]
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By James Beadle from Market-Melange
Markets fluttered earlier this week when Jim O’Neill of Goldman Sachs suggested that China might revise its exchange rate policy. Plenty have speculated about this topic, and even O’Neill admits that the prospects are far from clear.
However, Jim was responsible for coining the BRIC acronym, and few westerners have a better [...]
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By Marcus Williams
Merrill Lynch has made three senior appointments to the bank’s Russia sales and trading team as part of the company’s push in emerging markets.
In equities, director Alisdair Wade, a ten-year veteran of global markets, has been named head of Russian equity distribution. Wade has been working with the bank in UK since 2006, [...]
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By Mark Robinson, Head of Equity Research at Unicredit Securities
The list of Russian companies preparing to go public this year continues to expand. According to Vedomosti, in addition to Metalloinvest, SUEK, Prof Media and Sovkomflot, whose IPO plans have already leaked to the press, the Victoria retail chain and fish producer Russkoye More may place [...]
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By Ivan Anderzhanov
Andrei Arofikin, the former managing director of Merrill Lynch’s investment banking team in Moscow, has returned to the US investment bank as hiring shows signs of picking up.
Arofikin quit the bank in March 2008 to join the state savings bank Sberbank where he replaced Andrey Trusov who chaired the group’s international relations division.
But [...]
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By Marcus Williams in London
Futures on Russia’s RTS Index set a new trading record of 90.billion roubles ($3.027bn) on January 22.
The previous record in trading volume was seen on October 29, 2009 when the RTS Index futures traded 87 billion roubles ($2.979 billion) in terms of notional value.
The RTS Index futures were launched in August [...]
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By Marcus Williams in London
The £21bn USS pension scheme in the UK has hired an emerging markets team charged with leading a push into the asset class.
The fund, which is the second largest private sector pension fund in the UK, has hired Carmel Peters, Danila Gallarato and Chris Shale to boost its emerging markets expertise.
Peters [...]
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By Ivan Anderzhanov in Moscow
Anglo-Russian petroleum joint venture TNK-BP has poached Stan Miroshnik, a senior executive at Morgan Stanley.
Citing sources close to TNK-BP, a report in Kommersant today said Miroshnik will join the energy company shortly.
Miroshnik, who has been with the US bank for nine years in various roles, follows the example set by former [...]
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By Marcus Williams in London
Russian aluminum maker UC Rusal today reportedly raised $2.24 billion from its Hong Kong and Paris initial public offerings, after the company priced the shares around the middle of the range indicated in marketing literature.
Bankers said the listing could led to a trickle of further Russian listings in Hong Kong but [...]
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By Marcus Williams
Neil Harvey has quit his role as deputy chief executive of the Renaissance Group to return to work for Credit Suisse in building its asset management business in Asia.
Harvey, who previously had spent ten years at Cred Suisse in Hong Kong, will be in charge of developing and executing an expansion strategy in the Asian market for Credit Suisse. [...]
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By Brandon Nickerson, from Emerging Manager Focus
Egyptian-based Beltone Financial adheres to the philosophy even-keeled investing and a portfolio range make for sound performance as a firm. CEO Aladdin Saba sat down with Brandon Nickerson of Emerging Manager Focus to answer a few questions about his firm, differences between investing in the East vs West, and [...]
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By Marcus Williams in London
Renaissance Capital has poached Zoltai Szalai as managing director and head of the Financial Institutions Group (FIG) from Russian rival Troika Dialog.
Szalai will lead equity and debt capital markets as well as mergers and acquisitions advisory for companies in the financial sector across Russia, Eastern Europe, Central Asia and Africa.
He was [...]
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