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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Morgan Stanley banker Miroshnik poached by TNK-BP

January 25, 2010

By Ivan Anderzhanov in Moscow
Anglo-Russian petroleum joint venture TNK-BP has poached Stan Miroshnik, a senior executive at Morgan Stanley.
Citing sources close to TNK-BP, a report in Kommersant today said Miroshnik will join the energy company shortly.
Miroshnik, who has been with the US bank for nine years in various roles, follows the example set by former [...]

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Can Hong Kong dislodge London as the main destination for Russian IPOs ?

January 22, 2010

By Marcus Williams in London
Russian aluminum maker UC Rusal today reportedly raised $2.24 billion from its Hong Kong and Paris initial public offerings, after the company priced the shares around the middle of the range indicated in marketing literature.
Bankers said the listing could led to a trickle of further Russian listings in Hong Kong but [...]

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Harvey quits Rencap to return to Credit Suisse in Asia

January 21, 2010

By Marcus Williams
Neil Harvey has quit his role as deputy chief executive of the Renaissance Group to return to work for Credit Suisse in building its asset management business in Asia.
Harvey, who previously had spent ten years at Cred Suisse in Hong Kong, will be in charge of developing and executing an expansion strategy in the Asian market for Credit Suisse. [...]

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Beltone Financial Offers Glimpse into Egyptian Investment World

January 21, 2010

By Brandon Nickerson, from Emerging Manager Focus
Egyptian-based Beltone Financial adheres to the philosophy even-keeled investing and a portfolio range make for sound performance as a firm. CEO Aladdin Saba sat down with Brandon Nickerson of Emerging Manager Focus to answer a few questions about his firm, differences between investing in the East vs West, and [...]

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Rencap poaches Szalai as head of FIG from Troika Dialog

January 20, 2010

By Marcus Williams in London
Renaissance Capital has poached Zoltai Szalai as managing director and head of the Financial Institutions Group (FIG) from Russian rival Troika Dialog.
Szalai will lead equity and debt capital markets as well as mergers and acquisitions advisory for companies in the financial sector across Russia, Eastern Europe, Central Asia and Africa.
He was [...]

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Emerging Manager Firm Shares Fundamentals of Success

January 20, 2010

By James LaDue from Emerging Manager Focus
SCO Capital Partners fund managers have been posting overall gains throughout the past 3 years. I wanted to get more information from the firm based on its success as an emerging manager firm. When I contacted the organization, I was put in touch with John Doss, partner.
Emerging Manager Focus: [...]

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RTS launches new index for 15 biggest Russian blue chips

January 19, 2010

By Marcus Williams
The RTS Stock Exchange yesterday launched its RTS Standard Index based on trades in and quotes for the top 15 most liquid stocks on the bourse.
The new index,  published by the exchange under the symbol RTSSTD, had an initial value of 10,12303 at the start of the trading session.
The new index has [...]

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Teplukhin quits Troika Dialog after 19 years for “new horizons”

January 18, 2010

By Ivan Anderzhanov in Moscow
Pavel Teplukhin, a co-founder of Troika Dialog and a leading light in the development of Russia’s capital markets, has quit the Russian brokerage after 19 years without having a new job to go to.
Moscow’s rumour mill first started churning up that Teplukhin would leave the Moscow group over a year ago [...]

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Yanukovich leads in the first round of Ukraine’s presidential election; potentially positive for Gazprom, Tatneft, Evraz and CTC Media

January 18, 2010

By Vladimir Osakovsky, Head of Strategy and Research for UniCredit Securities
Yesterday former prime minister Viktor Yanukovich and Prime Minister Yulia Timoshenko dominated the first round of Ukraine’s presidential election, bringing them toward a run-off vote and ousting incumbent Viktor Yushchenko.
National exit polls gave Yanukovich 31.3% of the votes and Timoshenko 27.1%, with former Central Bank [...]

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