Emerging Markets, Emerging Russia, Emerging Views
From the monthly archives:
By Ivan Anderzhanov
French bank Societe Generale has hired former Alfa banker Rafael Nagapetiants as head of the mergers and acquisitions business in Russia.
The recruitment of Nagapetiants , who was previously head of corporate finance at Russia’s privately owned Alfa Bank, is part of a revamp of SocGen’s M&A team.
Before Alfa, Nagapetiants was SUN Group’s director [...]
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By Ivan Anderzhanov
Russia’s Troika Dialog has slipped from its long-standing position as one of the country’s top three asset management companies, according to data from the National Rating Agency.
Troika’s assets under management had fallen to 79.2bn rubles ($2.62bn), putting it in fifth place by the end of 2009, according to a report in Vedomosti.
Pavel [...]
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By Ivan Anderzhanov in Mosocw
The London Stock Exchange and the Micex today launched a Russian IPO information platform to serve the growing pipeline of Russian companies seeking to list overseas.
The site, which is located at www.RussianIPO.com, provides companies, advisers and market participants with access to trading information, news and statistics from Russia and the CIS [...]
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By Marcus Williams
Fast-growing Russian brokerage Otkritie has lured Temo Jorbenadze from VTB Capital as head of Investment Banking’s Financing Services Group.
Otkritie, which has doubled in size in the last year, also hired Dmitry Perman as a director from the Moscow-based boutique advisory firm Advance Capital.
Jorbenadze was a director for investment banking at VTB Capital in [...]
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By Ivan Anderzhanov
Russia’s Renaissance Capital has boosted its London-based metals and mining capabilities with the appointment of Roger Murphy as head of metals and mining sales and Jeremy Wrathall as head of London metals and mining origination within the investment banking division.
Murphy joins from Canaccord, where he has been head of resource and international sales [...]
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Rustam Botashev, Equity Analyst at Unicredit Securities
Foreign financial institutions intend to invest up to $170m in overdue loans in Russia, Kommersant reports. The IFC alone, through collection agency KG EOS Holding GmbH & Co, plans to invest $50m in bad debt.
Our view: The total volume of overdue loans in Russia stood at RUB 1,043 [...]
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