Emerging Markets, Emerging Russia, Emerging Views
From the category archives:
By Ivan Anderzhanov
Renaissance Capital has yet to exhaust its capacity this year to sign joint ventures.
From Serbia to Belarus, from corporate finance in London to tie-ups in Ulan-Bator, the Russian-headquartered bank has trekked the world to find a friend. Rencap founder could have turned to Facebook but at least it [...]
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By Andrei Skvarsky
Igor Kim is going to resign as chief executive of Russia’s MDM Bank, Russian business daily Vedomosti said.
Kim took charge of MDM after the latter merged with Ursa Bank last year. The banker was Ursa’s chief owner. Under an agreement with MDM’s main shareholder, Sergei Popov, Kim was to [...]
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By Vladimir Osakovsky, Head of Macroeconomic Analysis at UniCredit Securities
Russian President Dmitry Medvedev said that he “does not exclude the possibility” of running for a second term in 2012, Vedomosti writes.
Our view: Medvedev made the statement yesterday in a press conference at Stanford University during his visit to the US. The newspaper [...]
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By Marcus Williams
Equity funds focussed on Russia attracted $125m in the week to June 23 in their third consecutive week of positive flows.
Fund trackers EPFR Global said the country’s net inflow totaled $2.05bn, more than in all of 2009.
Investor sentiment towards EMEA remains positive as most regional funds saw inflows last week. In BRIC land, [...]
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By Ivan Anderzhanov
A senior shake-up at Credit Suisse has left the investment bank without a Moscow-based head to cover the Russia, the CIS and Turkey region.
The current incumbent Fawzi Kyriakos-Saad is moving to London to replace Eric Varvel as head of Europe, Middle East and Africa region. Varvel has been [...]
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By Andrei Skvarsky
Ilkka Salonen, a Finnish banker with with senior jobs at Sberbank and Renaissance Capital on his CV, is returning to Russia to work at Promsvyazbank as a director.
Salonen, who is today based in Finland, was nominated as an independent director for PSB by the European Bank for Reconstruction [...]
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By Ivan Anderzhanov
Russian investment bank VTB Capital has boosted its equity operations with two hires for research and sales roles.
The bank hired Justin Landau last month for an equity research sales role. Landau was previously an associate director at UBS in Moscow for almost four years.
Also joining him at VTB as [...]
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By Andrei Skvarsky
Top executives have quit Barclays‘ Russian subsidiary as the British bank downsizes its retail business in Russia.
Oleg Safonov, head of retailing, stepped down earlier this month after the bank sold part of its regional branch network to Renaissance Group in May. Two other top managers stepped down earlier on, [...]
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By James Beadle from Market-Melange.com
Since 2003 former Yukos executives Mikhail Khodorkovsky and Platon Lebedev have been incarcerated in Russia on charges of tax evasion. At present, as their eight year stint enters its final stages, the two are on trial once more, charged with stealing millions of tonnes of oil (reputedly the same oil that [...]
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By Andrei Skvarsky
Stuart Lawson, the head of HBSC in Russia, has left his role in the latest big name departure at a foreign bank in Moscow.
Lawson’s surprise exit after just over two years in charge follows the departure of Bernie Sucher, country head of Bank of America Merrill Lynch, last month. [...]
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By Andrei Skvarsky.
Renaissance Capital has hired Will Abbott as co-head of equity domestic sales in the latest in a string of big name hires.
Abbott, who previously headed Deutsche Bank’s sales and trading business in Russia, shares the job of running the Moscow-based investment firm’s equity domestic sales with Ruslan Babaev, [...]
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By Marcus Williams
Russian investment bank Troika Dialog has offloaded a 17.1 stake in truck maker KamAZ for $428m.
Troika received about $428 million from Russian Technologies, a state holding company, from Daimler AG and from the European Bank for Reconstruction and Development, according to a report today by Vedomosti.
Bosses at Troika had been looking to rid [...]
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