By Andrei Skvarsky. The Netherlands’ ING Group has appointed its veteran Luc Truyens as head of commercial banking in Russia. Truyens, who takes up his duties on September 3, joined Banque Bruxelles Lambert (BBL) 29 years ago and has stayed at ING since the latter took over the Brussels-headquartered bank in 1998. “With the arrival… Continue Reading
Category Archives: Hires & Fires
Troika Dialog hires ex-VTB banker to run intl fixed income sales
By Andrei Skvarsky. Troika Dialog has hired Dean Tyler from VTB Capital as head of international fixed income sales. The recruitment of Tyler, who took up his duties this month and is based in Troika’s London office, is part of the Moscow-based brokerage’s current integration with Sberbank that aims to give Russia’s biggest lender a… Continue Reading
RenCap beefs up global business with dozen appointments
By Andrei Skvarsky. Renaissance Capital has beefed up its operations across the globe this month with a series of senior hires and staff moves. The appointees have filled equity products, research, electronic trading and other positions at RenCap, the Moscow-headquartered investment bank said in a series of statements. They include five senior managers in the… Continue Reading
Renaissance promotes Merzlenko, Andrews to partners
By Andrei Skvarsky. Russia’s Renaissance Group has appointed two of its top bankers, Alexander Merzlenko and Nick Andrews, as partners. Merzlenko joined Renaissance Capital in 2000. In 2009, he was appointed as RenCap’s head of Russian investment banking and financing, and in 2011 given an additional role as Renaissance Group’s deputy CEO for Russia. He… Continue Reading
EXCLUSIVE: Aubreck Leung headhunter appoints head of emerging markets research
By Andrei Skvarsky. Aubreck Leung, a London-based financial services executive search firm, has hired James Hicks, previously an employee at Russia’s Trust Investment bank, as head of emerging markets research, the British firm’s managing partner Joseph Leung told EmergingMarkets.me. Hicks was based both in Moscow and in London when working for Trust. “We are delighted… Continue Reading
Troika Dialog boosts investment banking team with two senior appointments
Troika Dialog today announces the appointments of Dirk Werner and Angelo Morganti as Managing Directors of the Investment Banking Division. Dirk Werner brings 22 years of global M&A experience to Troika Dialog. He has been a senior banker with leading international banks including Bank of America Merrill Lynch, Morgan Stanley and Lehman Brothers. At Bank… Continue Reading
VTB Capital makes new hires in Middle East and Africa
In line with VTB Capital’s global expansion strategy, James Williams, Head of Middle East Equity Trading, Nick Bye, Middle East Equity Structuring, Karim Nsouli, Head of Middle East Cash Equity Sales & Sales Trading, Ali Salam, Head of Strategic Equity Distribution – Middle East and Ziad Al Amin, Head of Multi Product Origination and Distribution… Continue Reading
Renaissance Asset Management appoints Chief Executive and Chief Investment Officers
Renaissance Asset Managers (RAM), the specialist asset manager focused on emerging Europe, Russia and Africa, has appointed Barbara Rupf Bee as CEO. Rupf Bee will lead RAM’s strategy in emerging and frontier markets, overseeing 30 investment professionals and assets under management of $2.8bn. RAM also announced that Plamen Monovski has been named President, in addition… Continue Reading
VTB Capital appoints CEO for Middle-East and Africa
Makram Abboud has been appointed as CEO Middle East & Africa and Co-Head of the International Multi-Product Origination and Distribution group for VTB Capital plc. In both these roles, Makram will be responsible for the development and implementation of VTB Capital’s International Client Franchise strategy internationally and in MENA, where VTB Capital’s goal is to… Continue Reading
VTB Capital announces key appointment in Fixed Income
Philip Hamilton has been appointed Head of VTB Capital’s Global Fixed Income Flow Sales Group. The Group was formed following the strategic realignment and enhancement of VTB Capital’s Global Markets Sales & Origination structure. Philip will be responsible for managing and growing VTB Capital Fixed Income flow distribution franchise with Russian and international clients. Over… Continue Reading
Troika Dialog Boosts Investment Banking Offering with New Head of FICC Division
Troika Dialog today announces the appointment of Maxim Safonov as Head of Fixed Income, Currencies and Commodities Division. Maxim will join Troika Dialog on January 10, 2012 and reports to Rob Leith, Global Head of Investment Banking and Global Markets. Maxim brings over fifteen years of experience in investment banking, specialising in Russian capital markets,… Continue Reading
Ovanes Oganisian to Join Troika Dialog as Strategist
Troika Dialog announced the appointment of Ovanes Oganisian as Strategist. In his new position, Ovanes will work closely with Chief Strategist Chris Weafer to provide insightful analysis for Troika Dialog’s client base on what promises to be another fascinating period for Russian and CIS equities. Ovanes comes to Troika Dialog with over 15 years of… Continue Reading
VTB Capital Appoints CEO For Asia
Damian Chunilal has been appointed as CEO Asia for VTB Capital and will be based in Hong Kong and oversee the strategic development and further acceleration of the company’s expansion in financial markets across Asia. Mr. Chunilal will report to Atanas Bostandjiev, CEO, UK and International for VTB Capital. Damian Chunilal has more than 20… Continue Reading
RenCap boosts presence in Turkey by taking over Istanbul broker
By Andrei Skvarsky. Renaissance Capital has clinched a deal to buy out Istanbul-based brokerage Mira Menkul Degerler in building up its presence in Turkey. Burak Akbulut, who has been in charge of RenCap’s business in Turkey, has been appointed as acting chief executive of the emergent Renaissance Capital Turkey, the Russian firm said… Continue Reading
Wermuth loses second senior manager since summer
By Andrei Skvarsky. Wermuth Asset Management, a German fund manager chiefly operating from Moscow, has parted company with its chief executive Maarten van den Belt, three months after another top figure in the relatively small company quit the firm. Van den Belt, whom Wermuth hired as its CEO in July 2010, has been replaced by Michael… Continue Reading
RusRating founder and CEO Richard Hainsworth steps aside
By Andrei Skvarsky. Russian rating agency RusRating has put aside its founder and chief executive Richard Hainsworth by appointing him as company president and passing over his top managerial duties to Dmitri Yefimov from Russian business news agency AK&M. The appointment of Yefimov, who takes up the job today, “was motivated by the… Continue Reading
Sberbank to axe 30,000 jobs
By Andrei Skvarsky. Sberbank, Russia’s biggest lender, plans to sack 30,000 employees or 12.5% of its personnel, thereby following other banks in Russia and worldwide in cutting jobs as the euro debt crisis deepens. Sberbank chief executive German Gref told Prime Minister Vladimir Putin that the reason why the firm would slash its numbers to… Continue Reading
EXCLUSIVE: Otkritie hires Hyerdale’s D’Angelo to run American sales
By Andrei Skvarsky. Otkritie has hired Patrick D’Angelo from U.S. hedge fund Hyerdale Capital as director of equity sales and trading at the New York office of the Russian investment bank. D’Angelo’s new role means involvement in Otkritie’s planned expansion in the United States, Canada and South America, Luis Saenz, chief executive of… Continue Reading
Troika hires Standard Bank’s Leith as heir apparent
By Andrei Skvarsky. Troika Dialog has hired Rob Leith from South Africa’s Standard Bank, which used to own a big slice of the Russian brokerage, as global head of investment banking and head of global markets. Leith is taking up what is a newly created role with responsibility for both business areas. He will partially… Continue Reading
INTERVIEW: Raiffeisen staying the course in Russia
By Andrei Skvarsky. Raiffeisen has no plans to follow its European counterparts by retreating from or retrenching in Russia, the Austrian lender’s top spokesman, Michael Palzer, tells EmergingMarkets.me. AS: Russia’s Sberbank is said to be eyeing the Russian assets of crisis-hit European banks, hoping to buy them cheaply. Has it offered to buy your Russian subsidiary?… Continue Reading
Russia’s Arbat Capital hires ex-Aton trader for hedge fund project
By Andrei Skvarsky. Arbat Capital, a Russian investment management firm, has hired Igor Azarov, a former trader at Aton, for a position that includes a senior trading role in a new hedge fund. Yulia Bushueva, manager of the New Kremlin Fund, confirmed to EmergingMarkets.me that the equity hedging facility would be the key project of… Continue Reading
VTB inhales one of Europe’s main cigarette makers
By Andrei Skvarsky. Russia’s VTB Capital has completed the acquisition of Bulgartabac, one of Europe’s leading cigarette manufacturers. The investment banking arm of state-owned VTB Group, Russia’s second biggest lender, said in a statement it had paid 100.1m euros ($136.8m) for its 79.83% stake in the Sofia-based company. The terms of the deal include commitments… Continue Reading
Ernst & Young hires Deutsche Boerse’s Steinbach to run IPOs
By Andrei Skvarsky. Ernst & Young has hired Martin Steinbach, a former senior figure at Deutsche Boerse, to run its initial public offerings and listings centre for Europe, the Middle East, India and Africa. Steinbach spent nearly a decade as head of issuer and investor markets at Deutsche Boerse, the stock exchange based in Frankfurt-am-Main,… Continue Reading
VTB includes regional chief in top brass
By Andrei Skvarsky. VTB Group has given an additional role to Denis Bortnikov, head of the state-owned bank’s division for northwesternRussia, by appointing him as a member of the group’s top executive panel. Bortnikov, whose appointment is subject to Central Bank approval, started his career in 1996 at Industry and Construction Bank, which was later… Continue Reading
Alfa Bank promotes Petr Smida to board chairman
By Andrei Skvarsky. Alfa Bank has promoted Petr Smida, one of its top executives, to the role of board chairman, a job he already held at the firm for several months in 2008. Smida, who held US- and Czech-based positions at banking arms of General Electric before joining Alfa, was the Russian bank’s chief executive for a while. The… Continue Reading
Allianz’s Russian fund manager parts company with CEO
By Andrei Skvarsky. Allianz’s fund management joint venture in Moscow has parted company with its CEO Oleg Mazurov. Allianz ROSNO Asset Management runs eight mutual funds. The assets entrusted to the Munich-based global insurer’s Russian venture have swelled to 25.29bn rubles ($830m) since Mazurov became its CEO five years ago, according to a statement by… Continue Reading
Troika Dialog hires Deutsche’s Gordeyeva as senior analyst
By Andrei Skvarsky. Russian brokerage Troika Dialog has hired Julia Gordeyeva from Deutsche Bank as a senior real estate analyst. Before joining Deutsche as a senior analyst, Gordeyeva held a similar Moscow-based role at Dutch bank ING, and earlier on worked in the United States for JP Morgan Fleming Investment Management. Gordeyeva takes up her job today,… Continue Reading
Troika Dialog hires Citi’s Walker in preparing for Sberbank era
By Andrei Skvarsky. Russian broker Troika Dialog has hired David Walker from Citigroup as a managing director in its investment banking division. Walker’s appointment is the latest in a recent series of senior recruitments made by Troika, which has been acquired by Sberbank in the latter’s efforts to move into investment banking. Walker, who took… Continue Reading
Otkritie plans 10% personnel cuts
By Andrei Skvarsky. Otkritie has decided to cut its personnel by 10%, following other Russian banks that have embarked on redundancy schemes. About 700 people would let go in a redundancy wave that would roll through all divisions of Otkritie and is expected to enable the Moscow-based firm to reduce its spending by between 15%… Continue Reading