Troika Dialog Slips from Top 3 Asset Management Ranking

February 3, 2010

By Ivan Anderzhanov
Russia’s Troika Dialog has slipped from its long-standing position as one of the country’s top three asset management companies, according to data from the National Rating Agency.
Troika’s assets under management had fallen to 79.2bn rubles ($2.62bn), putting it in fifth place by the end of 2009, according to a report in Vedomosti.
Pavel [...]

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LSE and Micex deepen ties with launch of Russian IPO platform

February 2, 2010

By Ivan Anderzhanov in Mosocw
The London Stock Exchange and the Micex today launched a Russian IPO information platform to serve the growing pipeline of Russian companies seeking to list overseas.
The site, which is located at www.RussianIPO.com, provides companies, advisers and market participants with access to trading information, news and statistics from Russia and the CIS [...]

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Otkritie boosts Investment Banking team

February 2, 2010

By Marcus Williams
Fast-growing Russian brokerage Otkritie has lured Temo Jorbenadze from VTB Capital as head of Investment Banking’s Financing Services Group.
Otkritie, which has doubled in size in the last year, also hired Dmitry Perman as a director from the Moscow-based boutique advisory firm Advance Capital.
Jorbenadze was a director for investment banking at VTB Capital in [...]

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Rencap continues hiring spree with Metals & Mining recruits

February 1, 2010

By Ivan Anderzhanov
Russia’s Renaissance Capital has boosted its London-based metals and mining capabilities with the appointment of Roger Murphy as head of metals and mining sales and Jeremy Wrathall as head of London metals and mining origination within the investment banking division.
Murphy joins from Canaccord, where he has been head of resource and international sales [...]

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Foreign banks and investors to invest up to $170m in Russian bad debt

February 1, 2010

Rustam Botashev, Equity Analyst at Unicredit Securities
Foreign financial institutions intend to invest up to $170m in overdue loans in Russia, Kommersant reports. The IFC alone, through collection agency KG EOS Holding GmbH & Co, plans to invest $50m in bad debt.
Our view: The total volume of overdue loans in Russia stood at RUB 1,043 [...]

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Moscow gets braced for VTB Capital’s “second wave of hiring”

January 28, 2010

By Marcus Williams in London
Russian investment bank VTB Capital is planning a “second wave” of hiring at a senior level.
The new hires will be made at a senior level, according to Andrei Kostin, who was speaking at the Davos Conference in Switzerland.
The brokerage’s first wave of hiring was orchestrated by its chief executive Yuri Soloviev, [...]

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Russia & China; Inflation or FX Central Bank Policy?

January 28, 2010

By James Beadle from Market-Melange
Markets fluttered earlier this week when Jim O’Neill of Goldman Sachs suggested that China might revise its exchange rate policy. Plenty have speculated about this topic, and even O’Neill admits that the prospects are far from clear.
However, Jim was responsible for coining the BRIC acronym, and few westerners have a better [...]

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Merrill Lynch in Moscow ramps up with three sales and trading hires

January 28, 2010

By Marcus Williams
Merrill Lynch has made three senior appointments to the bank’s Russia sales and trading team as part of the company’s push in emerging markets.
In equities, director Alisdair Wade, a ten-year veteran of global markets, has been named head of Russian equity distribution. Wade has been working with the bank in UK since 2006, [...]

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COMMENT: IPO pipeline expanding; pressure on the secondary market possible in 2010

January 27, 2010

By  Mark Robinson, Head of Equity Research at Unicredit Securities
The list of Russian companies preparing to go public this year continues to expand. According to Vedomosti, in addition to Metalloinvest, SUEK, Prof Media and Sovkomflot, whose IPO plans have already leaked to the press, the Victoria retail chain and fish producer Russkoye More may place [...]

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Former Merrill Lynch investment head Arofikin returns as hiring picks up

January 27, 2010

By Ivan Anderzhanov
Andrei Arofikin, the former managing director of Merrill Lynch’s investment banking team in Moscow, has returned to the US investment bank as hiring shows signs of picking up.
Arofikin quit the bank in March 2008 to join the state savings bank Sberbank where he replaced Andrey Trusov who chaired the group’s international relations division.
But [...]

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RTS Index futures trade at record of $3 billion

January 26, 2010

By Marcus Williams in London
Futures on Russia’s RTS Index set a new trading record of 90.billion roubles ($3.027bn) on January 22.
The previous record in trading volume was seen on October 29, 2009 when the RTS Index futures traded 87 billion roubles ($2.979 billion) in terms of notional value.
The RTS Index futures were launched in August [...]

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£21bn USS pension fund hires emerging markets team

January 26, 2010

By Marcus Williams in London
The £21bn USS pension scheme in the UK has hired an emerging markets team charged with leading a push into the asset class.
The fund, which is the second largest private sector pension fund in the UK, has hired Carmel Peters, Danila Gallarato and Chris Shale to boost its emerging markets expertise.
Peters [...]

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