Emerging Markets, Emerging Russia, Emerging Views
From the category archives:
Mark Mobius, who oversees about $34 billion in emerging markets at Templeton Asset Management, has been elected to the 11-member of Russian oil producer Lukoil.
Mobius is one of two independent directors elected to the 11-member board. He is generally overweight on Russia due to his bullish view on where crude [...]
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By Andrei Skvarsky
Sberbank has chosen candidates to fill two vacant deputy CEO positions, one in charge of retailing, the main source of funding for Russia’s biggest lender, and one to oversee the state-controlled bank’s ambitious international projects.
Alexander Torbakhov, a former head of Russian mobile service provider VimpelCom with stints at [...]
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By Andrei Skvarsky.
Renaissance Capital plans to hire a staff of 15 by the end of 2010 for an office the Moscow-based investment bank has just set up in Hong Kong.
The employees will include sales and trading staff and four or five senior investment banking professionals with a focus on metals [...]
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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 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 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 Andrei Skvarsky
TransCreditBank, a bank controlled by state rail transport monopoly Russian Railways, is setting up a full-service retailing division and has hired four ex-top managers of the Russian Standard bank to run the unit.
TransCredit Bank focusses on services for corporate clients, while for most of its current two million [...]
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By Andrei Skvarsky
Vladimir Tatarchuk will most likely be approved as one of the half-dozen deputy chief executives of VTB on June 19 after leaving Alfa Bank, where he was deputy chief executive and co-head of investment and corporate banking, Interfax said.
Interfax did not say what Tatarchuk would specialise in at state-controlled [...]
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