Posts tagged as:

Russia

Moscow City faces Apocalypse Now

by admin on August 6, 2010

By Ivan Anderzhanov
Trading on Moscow’s stock exchanges almost came to a standstill today after a massive acrid plume of smog enveloped the city.
Bankers were handed out individual respiration masks and some were told to work from home or to book into hotel rooms to minimise their travel.
The towers of the emerging business district of Moscow City, which is home to VTB [...]

{ 0 comments }

VTB to palm stake to Gulf investor?

by admin on August 5, 2010

By Marcus Williams
The management of state-controlled VTB met with Persian Gulf investors about a potential sale of a sizable stake.
Kuwait’s Oil Minister and Information Minister said VTB had presented a commercial offer for the Kuwaiti government to become a shareholder.
The bank was included in the planned state privatization list drawn [...]

{ 0 comments }

By Andrei Skvarsky
HSBC has appointed Huseyin Ozkaya as chief executive of its Russian subsidiary, moving him from his current job as head of global banking at the British bank’s Turkish entity.
Ozkaya replaces Stuart Lawson, a veteran of Russian banking whose abrupt departure from Europe’s largest bank in June suggested the withdrawal [...]

{ 0 comments }

Aton Capital plunders Dushin from UniCredit

by admin on August 4, 2010

By Marcus Williams.
The relaunched Aton Capital business  has hired Pavel Dushin from Unicredit Securities in Moscow to develop its fixed income business.
Dushin was reunited with former colleagues at Aton about two months ago when he joined the brokerage. He joined UniCredit in mid-2007 after the Italian bank completed the acquisition of the original Aton Capital for the snip price of $424m.
The Aton [...]

{ 0 comments }

By Ivan Anderzhanov.
US bank Citigroup has been hit by another senior Russian departure following Igor Chernomorskiy’s exit to rival JP Morgan.
Chernomorskiy was a vice president for emerging market sales in the CEEMEA region. He has been at the bank for over four years and previously worked in sales at UralSib and Troika Dialog.
Citigroup was rocked last month when Renaissance Capital hired three sales traders [...]

{ 0 comments }

By Ivan Anderzhanov.
Investment banks Goldman Sachs, JP Morgan and Morgan Stanley have placed a $5bn to $6bn price tag on Digital Sky Technologies Russian Unit, according to a Kommersant report.
Digital Sky is the internet company part-owned by Russian billionaire Alisher Usmanov and African media company Naspers. The firm led by former banker Yuri Milner, also has a stake in Facebook, the global social [...]

{ 0 comments }

Sberbank hires former Onexim adviser for PR

by admin on August 4, 2010

By Andrei Skvarsky.
Sberbank has hired Yury Rovensky from Mikhail Prokhorov’s Onexim Group to run the largest Russian bank’s public relations department.
The position of PR chief at the state-controlled lender, one of the jobs carrying the title of vice president, had remained vacant for about a year before it was given to Rovensky, who quit as general director of Russian [...]

{ 0 comments }

By Marcus Williams.
US bulge bracket bank Citigroup has named Slava Slavinskiy as head of energy banking for EMEA to take over from Julian Mylchreest.
Slavinskiy joined Citigroup in 1998, covering Russia and the former CIS countries.
Mylchreest quit to join Bank of America Merrill Lynch last month as co- head of global energy and power [...]

{ 0 comments }

By Andrei Skvarsky.
Will Hammond,  global equity sales head Troika Dialog, has parted company with the Moscow brokerage a little over three months after joining.
Hammond’s appointment to the job in April was one of Troika’s big signings since it sold a third of the company to South Africa’s Standard Bank
Previously [...]

{ 0 comments }

Vladimir Osakovsky, at UniCredit Securities.

The Central Bank of Russia (CBR) decided to keep its interest rates unchanged during its policy meeting on Friday, the bank announced in its official press release.

Our view: We note that the overall statement was rather upbeat, as the CBR did not mentioned [...]

{ 0 comments }

 
By Andrei Skvarsky.
Russia’s MDM Bank slashed its executive board by one-third last week in a restructuring proposed by the firm’s new chief executive, Sergei Timofeyev.
All the 10 members of the new board, including Timofeyev, are to serve under five-year contracts as part of the managerial reform, praised by MDM chairman Oleg Vyugin as purportedly a [...]

{ 0 comments }

By Ivan Anderzhanov
Bulge bracket investment banks Goldman Sachs and Credit Suisse have acquired 3.88 percent and 2.77 percent stakes respectively in the Bank of Moscow, a top ten lender.
Goldman’s stake in the state-controlled bank is worth about $200m and Credit Suisses’s around $14m at the current market price.
The Moscow government has been the bank’s [...]

{ 0 comments }