EBRD steps up lending to Ukraine as part of international support package

The European Bank for Reconstruction and Development (EBRD) is significantly increasing its public sector lending in Ukraine as it joins in the response of the international community to support the Ukrainian economy. {{{?}}} In a project financed together with the European Investment Bank, the EBRD is providing a €200 million loan to finance the modernisation… Continue Reading

Execute a flawless career change

{{{?}}} Landing a new job is challenging enough. If you’re also trying to break into executive management, switch industries or functions, or reenter the workforce after a prolonged hiatus – success depends on a comprehensive job search strategy. To help you devise and execute your strategy, Ivy Exec is providing Emerging Markets Investment Professionals Network… Continue Reading

GUEST COMMENT: On the road to Donetsk?

By Tyler Hawkins Sunshine, PhD World War III is certainly not looming and any fallout from recent events in the Ukraine will only have a short-lived effect on capital markets in Russia, let alone the rest of the world. {{{?}}} Russian equity indices and credit default swaps are trading at the lower end of the… Continue Reading

Financial Controller, Family Office, London

 Vacancy by www.russiansinthecity.eu   A financial controller for a family office Requirements:  АСА / АССА / CIMA, 4-5 years of finance / accounting experience, 2+ years (Big4) audit experience Russian or/and UK degree preferable, UK-based (NO visa support be provided) Salary above market rate. Please send you CV with a cover letter to: asakharov.embag2011@columbia.london.edu. {{{?}}} Continue Reading

Inhouse Counsel for a London office

    Vacancy from www.russiansinthecity.eu UBG Corporation Limited is looking for an experienced lawyer to join London office on the full-time basis. This is a great opportunity to become a valuable member of the team with ability for further extensive career development in the UK. Position Requirements: • Law degree • Fluent English and Russian,… Continue Reading

Family Office / Personal Assistant to CEO, London based

    Должностные обязанности: – Полная административная бизнес- поддержка руководителя ПО ВСЕМ НАПРАВЛЕНИЯМ БИЗНЕСА – Адмистративная поддержка семьи руководителя – планирование рабочего дня (встречи, звонки, прием, пр.) – Travel support – заказ транспорта, билетов; организация встреч, переговоров; др. – выезды для решения вопросов, обозначенных руководителем – составление бюджета по направлениям работы; оптимизация расходов – выполнение… Continue Reading

Russia expects its own chip for bank cards as early as 2015

{{{?}}} Pursuing the goal of setting up its own payment operation and clearing centers to circumvent US-based Visa and MasterCard, Russia may have its own homemade chip for banking cards as early as next year. According to East-West Digital News, the first all English-language online resource dedicated to Russian digital industries, citing the Russian business daily… Continue Reading

Sberbank CIB opens second RUB 6.8 bln line of credit for INTECO Group

{{{?}}} Sberbank CIB1 has signed an agreement with INTECO Group on the financing of construction of the 146,000 sq. m “Liner – Zapad” Multifunctional Complex in the Khodynskoe Polye neighbourhood. This line of credit totals RUB 6.8 bln. The agreement was signed for a period of 4.5 years. On behalf of Sberbank CIB this deal was structured… Continue Reading

Microsoft supports Moscow University-based computer vision and big data research

{{{?}}} Microsoft and Lomonosov Moscow State University, Russia’s most renowned institution of higher learning, shook hands earlier this month on a joint $1m research project, East-West Digital News, the first all English-language online resource dedicated to Russian digital industries, reported last week, citing a press release from the US company. The three-year agreement calls for close collaboration… Continue Reading

EBRD channels $40 million to support Ukrainian grain farmers

{{{?}}} The European Bank for Reconstruction and Development (EBRD) is once again demonstrating its commitment to Ukraine’s agribusiness sector, which received over €160 million from the Bank in 2013 alone. The EBRD is providing a loan of up to US$ 40 million to over 30 farms and elevators across Ukraine owned by NCH New Europe… Continue Reading

RUSSIAN SECURITIES FORUM 2014

  RUSSIAN SECURITIES FORUM 2014  Infrastructural & Strategic Challenges In The Russian Post-Trade Market 3 – 4 June, 2014, Hotel Baltshug Kempinski, Moscow, Russian Federation Event Website RSF is the definitive post-trade and operational infrastructure event with an unrivalled programme featuring leading brokers, custodians, CSDs, regulators and innovative service providers. Book online or Call +… Continue Reading

RenCap makes top appointments for Turkey team

By Andrei Skvarsky. Renaissance Capital has hired Mike Harris from Bank of America Merrill Lynch as chief strategist for the Russian investment bank’s business in Turkey and made four other senior appointments for its Turkish team. {{{?}}} Harris will be based between London and Istanbul and report to David Nangle, Head of equity research at… Continue Reading

Renaissance Capital makes net profit of $14m for FY13

By Andrei Skvarsky. Renaissance Capital, one of Russia’s leading privately-owned investment banks, has reported a net profit of $14.09m for fiscal year 2013 after losses it had been sustaining before its takeover by billionaire Mikhail Prokhorov’s Onexim group a year ago. {{{?}}} RenCap lost $378.24m for fiscal year 2012, the Moscow-based bank said in a… Continue Reading

Post-Crimea capital outflow huge threat to Russian growth – minister

By Andrei Skvarsky. With a boost given by the international political aftermath of Moscow’s annexation of Crimea, capital outflow threatens to drastically slow Russia’s economic growth, with recession not unlikely, the economics minister has warned. {{{?}}} An estimated $60bn has been taken out of Russia since the start of 2014, about as much as for… Continue Reading

Deutsche Börse-owned firm: Crimea fallout makes Russian businesses pessimistic

By Andrei Skvarsky. A survey by a Deutsche Börse-owned research firm suggests the international fallout from Russia’s annexation of Crimea has brought a lot of pessimism to the Russian business community. {{{?}}} With the looming threat of tough anti-Russian sanctions, business confidence among Russian companies has dropped in March to its lowest level in three… Continue Reading

6th Russia & CIS Summit on Anti-Corruption – March 25-27, 2014 – Moscow

{{{?}}} The anti-corruption enforcement environment in Russia is rapidly evolving. Attend the region’s premier anti-corruption compliance event and equip your company and client with the tools to stay one step ahead of the enforcement curve. One of the most complex political and business environments in which to function, over the past year several companies are… Continue Reading

IronFX brokerage: dollar likely to bounce soon after decline

By Andrei Skvarsky. Online broker IronFX Global says the US dollar’s slide on March 13 is likely to be short-lived because of the escalating Ukrainian crisis. {{{?}}} The dollar’s downturn against all the G10 currencies and 15 principal emerging market currencies is the effect of a risk-on sentiment that took shape the day before, according… Continue Reading

Deutsche Börse analysts: consumer sentiment in Russia plunges

By Andrei Skvarsky. A Deutsche Börse-owned research company has said a survey it took in February before the crisis in Ukraine reached its disastrous proportions showed consumer sentiment in Russia to have slumped to its lowest level since March 2013. {{{?}}} Previous surveys by MNI Indicators showed consumer optimism to have risen in December and… Continue Reading

Markit: emerging markets still “downbeat” about future

By Andrei Skvarsky. Global financial information provider Markit says a survey it made last month suggests emerging markets remain “downbeat” about the future. {{{?}}} “Improving confidence and post-crisis high capex and hiring intentions in the developed world contrast markedly with ongoing downbeat expectations for the year ahead across the emerging markets,” the London-headquartered company said… Continue Reading

Sberbank says anti-hacking operation saves client money

By Andrei Skvarsky. Sberbank has said its security operatives have helped to prevent the theft of “tens of millions of rubles” from clients of Russia’s biggest lender by foiling a hacking scheme. {{{?}}} An operation by Russia’s Federal Security Service (FSB), the Sberbank security department and Russian computer security company Kaspersky Lab resulted in the… Continue Reading

Lombard Odier banker: Sberbank, VTB to survive Western sanctions

By Andrei Skvarsky. A top executive at Lombard Odier, one of Europe’s biggest private banking firms, has argued that Sberbank, VTB and other Russian state-controlled banks would most likely be targets of potential Western sanctions against Russia because of its invasion of Crimea but that the lenders would stay afloat without major damage. {{{?}}} Domestic… Continue Reading

EXCLUSIVE: Chief economist at Deutsche Börse-owned firm argues what reforms Russia needs

In this interview with EmergingMarkets.me, Philip Uglow, chief economist at MNI Indicators, a Deutsche Börse-owned research firm, explains what he believes Russia needs to do to achieve sustainable growth. {{{?}}} You have said Russia needs structural changes to its growth model. Could you outline what specifically such changes should be? Russia’s weak business climate remains… Continue Reading

Deutsche Börse analysts: business optimism in Russia rises

By Andrei Skvarsky. A survey by a Deutsche Börse research subsidiary has shown growing optimism among Russian companies for the second consecutive month in February, but the think tank largely attributes this to the Sochi Olympics and warns the upturn may not last. {{{?}}} MNI Indicators, which is owned by the German stock exchange, said… Continue Reading

RenCap makes two senior hires for global fixed income team

By Andrei Skvarsky. Russia’s Renaissance Capital has re-hired one of its former senior managers, Rupert Preece, putting him in charge of Sub-Saharan fixed income trading, and hired Marina Ryabokon from Australian mortgage broker Liquidity Finance as director in its international fixed income sales service. {{{?}}} Both Preece and Ryabokon will be based in London, RenCap… Continue Reading

RenCap names chiefs for South Africa

By Andrei Skvarsky. Renaissance Capital, one of Russia’s top-tier investment banks, has announced a minor reshuffle in its African business, promoting Robert Lamprecht, who joined the firm last month, to chief executive for South Africa and appointing Clifford Sacks as chairman of the South African unit. {{{?}}} Lamprecht was hired by RenCap in January as… Continue Reading