Emerging Markets, Emerging Russia, Emerging Views
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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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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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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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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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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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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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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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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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By Vladimir Kuznetsov, Equity Analyst at Unicredit
Inflows into Russia-dedicated funds and ETFs in the week to 13 January were the second-highest in the past 12 months and totaled $245m, according to EPFR data.
Inflows were stronger only in the week to 21 October, when they exceeded $457m the highest on record. Russian funds report inflows for [...]
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By Ivan Anderzhanov in Moscow
Andrey Donskikh, the former chairman of Uralsib Financial Corporation, has resurfaced at the state savings bank Sberbank in a senior role.
Donskih, who stepped down from his role at Uralsib in November after five years at the group, will come deputy president of the bank. A report in today’s Vedomosti said [...]
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By Ivan Anderzhanov in Moscow
Swedish investment firm Prosperity Capital Management has crowned its Russian fund as the best global performer during the noughties .
Prosperity issued a press release today claiming its Prosperity Quest Fund has returned a whopping 3,604% in the decade to December 2009. It followed a similar claim by East Capital for its [...]
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By Ivan Anderzhanov in Moscow
A five-year-old Russian chimpanzee has beaten 94 per cent of the country’s investment funds with her investment portfolio.
The circus performer Lusha stunned seasoned stock-pickers after her eight stock selections soared by 300% over the past year.
A Moscow sell-side source quipped that local investment houses would fight tooth and tail to avail [...]
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