Fastlane Ventures booster of startups gets Kazakh tycoon Rakishev on board

By Andrei Skvarsky. Fastlane Ventures, a Moscow-based venture capital firm specialising in support for startup Web businesses, has given a seat on its board to Kenges Rakishev, a Kazakh tycoon and high-profile international technology industry investor. Fastlane received a $13m investment from Rakishev, according to a statement from the company, which takes about 50 days… Continue Reading

VTB Capital issues Micex index-linked ruble bonds

Moscow-based VTB Capital has issued ruble bonds to a total of one billion rubles ($32m) linked to the Micex index. International rating agency Moody’s has assigned a rating of Baa1 to the bonds, which have a tenor of a little more than a year and have been put on sale at Moscow’s Micex stock exchange.… Continue Reading

SBERBANK COMMENT: Muddling through with modernization

By Evgeny Gavrilenkov, Chief Economist, Managing Director, Sberbank CIB. Economic growth slows. GDP rose 2.9% y_o_y in 3Q12. Formally, GDP growth slowed from 4.5% over 1H12, but this was due mainly to a 5.6% drop in agricultural output in 3Q12, versus an increase of 29.7% in 3Q11. Although growth decelerated in other sectors, such as… Continue Reading

Ukraine: First snowfall already turning to slush

By Conal Campbell of www.Growth-Communications.com. The week started with twin signs of optimism with the government of Mykola Azarov resigning (with the hope being that he may be replaced as PM by National Bank governor and relative liberal Sergiy Arbuzov) and announcement of an official IMF visit aiming to restart cooperation to help Ukraine meet its… Continue Reading

Webinar – "As a leader are you making effective decisions?"

Our Career Partner, Ivy Exec, would like to share a webinar on the topic: ” As a leader are you making effective decisions?” Decision making is one of the most important skills for managers and leaders, and can make (or break) a career. Default behaviors can lead to intuitive business decisions that are flawed. However,… Continue Reading

Sberbank hires Credit Suisse banker to look after UHNWIs

Sberbank has announced it has hired Vasiliy Sofiyskiy from Credit Suisse to head the ultra-high-net-worth individuals (UHNWI) unit in the newly set-up private banking arm of Russia’s biggest lender. Sofiysky’s arrival at Sberbank Private Banking and other recent senior hires by Sberbank are part of a major buildout of business launched by the lender in 2011… Continue Reading

RenCap appoints John Hyman, Igor Vayn as co-CEOs

Renaissance Capital has divided the job of chief executive officer between two bankers by promoting John Hyman, who joined the Russian investment bank last year, and hiring Igor Vayn from Otkritie. Hyman was also appointed as chairman of the Moscow-based company, according to a statement from the firm. Hyman was interim chief executive after Stephen… Continue Reading

Deal Flow Consultants – Global

We are looking for global deal flow consultants who are able to source deal flow in the impact investing, microfinance and eco & green sectors. The successful deal flow consultants must have working experience in the mentioned sectors. Sourcing and networking abilities are a must. Some leads shall be provided from the central sales office.… Continue Reading

GOLDMAN SACHS COMMENT: Our weird but beautiful world

By Jim O’Neill, Chairman, Goldman Sachs Asset Management. My week kicked off with a tough Monday start following the Rolling Stones concert Sunday night, but what a boost it gave me. Keith, Mick and the boys rocked on for two and a half hours.  It really is quite an inspiration that such serious and serial… Continue Reading

Ukraine: Downgraded growth, downgraded ambitions

By Conal Campbell of www.Growth-Communications.com. Ukraine’s government has approved its macroeconomic forecast for 2013, projecting GDP growth of 3.4% (vs. 0% expected this year) in line with the latest IMF forecast but exceeding Kiev based Dragon Capital’s projection of 2.5%. With Ukraine’s GDP growth expected to under-perform most regional peers on the back of a deteriorating investment… Continue Reading

VTB pulls off $107.1m securitisation deal with Investtradebank

VTB Capital has pulled off a 3.3bn-ruble ($107.1m) deal to securitise a mortgage portfolio for Investtradebank, a Moscow-based lender also known as Investtorgbank. The senior tranche of the mortgage securities, placed on Moscow stock exchange Micex by open tender, is expected to raise about 2.4bn rubles ($77.8m) for Investtradebank, according to a statement from the… Continue Reading

Elbrus Capital Has Invested in SPSR-Express

Russia and CIS-focused private equity firm Elbrus Capital has invested in Russian express delivery service SPSR-Express. As part of the transaction, Elbrus will acquire a portion of the stake currently held by the Russian Retail Growth Fund, which is managed by Russian private equity firm Svarog Capital Advisors. The transaction marks Elbrus’s first investment from… Continue Reading

WEBINAR: “Managing a Successful International Career"

Do you want an international career? But, you’re not sure how to go about it?  Or maybe you’re already dealing with an international assignment and need some tips for making the most of it? This webinar reviews important factors professionals should consider when contemplating or managing an international career. Critical career and personal issues need… Continue Reading

RenCap: Africa a great place to invest

By Andrei Skvarsky. A Renaissance Capital team of analysts have brought out a book making a passionate case for investment in Africa, crediting the continent’s economy with developing by leaps and bounds. “The economies of most African nations have transformed beyond recognition, and are set to surpass the growth seen in Asia and India over… Continue Reading

Sberbank hires head of equities portfolio management

By Andrei Skvarsky. Russia’s Sberbank Asset Management has hired Roman Filatov, a banker with nearly 20 years’ experience, as head of equities portfolio management. Filatov held senior roles at Russia’s Renaissance Investment Management in 2008-2009 and at Templeton Asset Management for 11 years before that. He arrives at Sberbank, Russia’s biggest lender, from IXIA Asset… Continue Reading

Revere launches consultancy for early-stage hedge funds

By Andrei Skvarsky. Revere Capital Advisors, a hedge fund management specialist, has launched a strategic marketing and business development consultancy for early-stage hedge funds. The consultancy, REM Marketing Solutions, is based in London and offers marketing, sales, product management and business management services. Its managers for Europe are Camilla Balmer and Yvonne Barker-Layton, according to… Continue Reading

Ukraine agribusiness co-owned by RenCap hires CFO

By Andrei Skvarsky. Ukrainian Agrarian Investments (UAI), a major Ukrainian farming business co-founded and co-owned by Russia’s Renaissance Capital, has hired Alexandre Joseph from French agricultural company AgroGeneration as chief financial officer. A statement from RenCap, which is currently selling out to billionaire Mikhail Prokhorov’s Onexim Group. credits Joseph, who will be based in Kyiv, with… Continue Reading

EM Fixed Income Sales – London

My client is looking for people with strong fixed income sales experience to come in and add to their sales team. They are ideally looking for someone from an established broker house/investment bank would has an existing client list. This is a company which allows excellent opportunities for people with the right attitude to do… Continue Reading

Head of Product Control – India

Product Control – Global Equities – Manage, control and ensure the integrity of the balance sheet of the global Equities businesses supported by India. {{{?}}} – Daily P&L reporting of Equities Trading businesses including Cash and Derivatives. – Control oversight of sub ledger and GL bookings. The Equities business has grown significantly over the past… Continue Reading

Magnitsky case defendant’s life in danger, witness says

By Andrei Skvarsky. A Moscow court has been told there is a conspiracy to murder Dmitry Kratov, the only defendant in the Magnitsky case, said British investment fund Hermitage Capital. Olga Grigorieva, a former head of the medical service for Moscow’s prisons, told the Tverskoi Court that a former prison official had warned her in… Continue Reading

GOLDMAN SACHS COMMENT: Washington and Beijing

By Jim O’Neill, Chairman, Goldman Sachs Asset Management. Washington and Beijing. This week has been an important news week, at least for the media, for political developments in the US and China. I would question whether anything has materially changed as a result of the US election and the Chinese leadership handover. The stock markets… Continue Reading

Russia sets up central securities depository

By Andrei Skvarsky. The National Settlement Depository, part of Moscow’s Micex-RTS stock exchange, has been granted the status of Russia’s central securities depository (CSD). “Foreign central depositories will now be able to open nominee accounts with Russia’s CSD,” Micex-RTS said in a statement. Russian state and corporate bonds will have links to international central securities… Continue Reading

Russia’s high-tech market becomes new destination for investors

(Updated) Russia’s High Tech Market Becomes a New Destination for Investors InvestDay at the Open Innovation Forum in Moscow was a Success On October 30-November 2, 2012, RVC (Russia Venture Company), a major LP on VC funds in Russia, held a series of events named RVC Smart Future: InvestDay at the Open Innovation forum in… Continue Reading

EXCLUSIVE: BrokerCreditService hires quant strategist from Gulf Intl Bank

By Andrei Skvarsky. Russian brokerage BrokerCreditService (BCS), which has been recruiting intensively over the past few months, has hired Shan Jiang from Gulf International Bank as a quant strategist. Jiang took up his duties at BCS’s London office on Tuesday, Luis Saenz, the London-based head of equity and derivatives sales and trading at the brokerage,… Continue Reading

Troika Dialog name scrapped for good as last unit gets under Sberbank brand

By Andrei Skvarsky. The name Troika Dialog is coming out of use altogether as the brokerage’s asset management arm has changed its name to Sberbank Asset Management (Sberbank AM) effective from November 6. The renaming of Troika Dialog Asset Management is the final act of merger between the 21-year-old Moscow brokerage and Sberbank, according to… Continue Reading

Kazakh oil pipeline aims to raise $199 mln in IPO

Kazakhstan’s oil pipeline monopoly KazTransOil plans to raise 30 billion tenge ($199 million) via an initial public offer (IPO) as part of the Central Asian nation’s “People’s IPO” programme, a senior sovereign wealth fund official said on Friday. The oil-rich country’s government plans to invigorate the small local stock market and raise around $500 million… Continue Reading

RVC SmartFuture: LP Unlimited conference shows relevance of attracting private capital to venture field

The LP Unlimited conference for existing and potential investors in technology startups, Limited Partners and General Partners, held within the framework of the “Open Innovation” forum opened today covered the prospects of attracting private and corporate investment in the capital venture industry. The founder of Medica Venture Partners, Ehud Geller, noted that the state’s involvement… Continue Reading