By Andrei Skvarsky.
Russian broker Metropol has hired former Nomura executive Mark Howard as head of its London-based equity sales team and ex-Renaissance Capital and UralSib banker Tim Brenton as a member of the team.
Howard, who has more than 15 years of emerging markets experience, was selling Chinese equities for North Square Blue Oak, a London-headquartered China-focused broker, before joining Metropol. He had worked for Nomura earlier on.
Brenton has been selling Russian equities since 2005, first in Moscow for RenCap and then in London for UralSib.
Brenton, who is the son of a former British ambassador in Moscow, Sir Tony Brenton, confirmed the two hires to EmergingMarkets.me.
He told the website that Metropol “is expanding in London after a successful first half of the year and is looking to focus on second-tier Russian companies”.
He said there was a slow resurgence of foreign interest in Russian second-tier firms and in “pre- IPO and semi-private equity opportunities” in Russia, and that Aton and UralSib were Metropol’s main competitors in this market.
He and Howard both took up their new jobs in mid-July.
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