By Andrei Skvarsky. Egyptian companies had about 150 meetings with foreign institutional investors owning assets totalling about $20bn during a recent conference organised by Russian investment bank Renaissance Capital. Continue Reading
Tag Archives: Russia
Sberbank hires ex-Health Ministry official to oversee healthcare interests
By Andrei Skvarsky. Sberbank, Russia’s largest bank, has hired former senior Russian Health Ministry official Yury Krestinsky to oversee its interests in the country’s health sector. Continue Reading
Russian startup develops anti-fraud app for insurers
By Andrei Skvarsky. A Russian startup has developed a mobile application that it says enables insurers to protect themselves from fraudulent claims via a pre-insurance inspection of a property item involving multiple photographs that are dated and timed and record the item’s location. Continue Reading
RenCap to host forum to drum up money inflow into Egypt
By Andrei Skvarsky. Russian investment bank Renaissance Capital is going to host a conference in Cape Town on April 9-10 to attract international, primarily South African, investment to Egypt, a country RenCap credits with highly successful economic reforms. Continue Reading
Sberbank calls on UAE businesses to invest in Russia, offers help
By Andrei Skvarsky. A senior delegation from Sberbank, Russia’s biggest lender, hosted a round table in Abu Dhabi last month during which they called on United Arab Emirates businesses to invest in Russia and offered them “direct assistance” with potential Russian projects. Continue Reading
Sberbank hires ex-Raiffeisen banker for newly created investment job
By Andrei Skvarsky. Sberbank, Russia’s biggest lender, has instituted a position of chief investment officer (CIO) in its wealth management division and hired former Raiffeisen Bank executive Sergei Schepilov to fill it in. Continue Reading
More Russians declare foreign assets since Russia joined CRS but over one-third still keep them secret – survey
By Andrei Skvarsky. More Russians have been notifying Russian authorities of money in foreign banks and foreign-based businesses since Russia joined a pact on international exchanges of tax-related information, a survey shows. Continue Reading
Credit Bank of Moscow offers interest on overnight deposits to corporate clients
By Andrei Skvarsky. Money deposited by a company or another corporate client at Credit Bank of Moscow (CBM) at the end of any business day returns to the depositor with interest by 11am on the next business day via a new online service. Continue Reading
Sberbank appoints chief data manager, head of logistics
By Andrei Skvarsky. Sberbank, Russia’s biggest lender, has announced two senior hires, one for the position of head of data management and one for the role of head of logistics. Continue Reading
RenCap rehires Molchanov to run Russia & CIS investment banking, hires Zitha as S. Africa chairman
By Andrei Skvarsky. Petr Molchanov is rejoining Renaissance Capital after leaving the Moscow-headquartered investment bank several months ago and has been appointed as head of investment banking for Russia and the Commonwealth of Independent States. Continue Reading
RenCap reports senior staff moves in Cairo, London, Moscow
By Andrei Skvarsky. Moscow-based investment bank Renaissance Capital has reported senior appointments in its Cairo, London and Moscow teams. Continue Reading
RenCap forecasts a rough 2019 but a glittering 2020 for Russia
By Andrei Skvarsky. Investment bank Renaissance Capital believes the Russian economy will remain on last year’s downward course in 2019 but will be very much on the rise again in 2020. Continue Reading
Five firms to leave Russia’s forex market in cleanup by regulator
By Andrei Skvarsky. Russia’s central bank has stricken off five Russian foreign exchange companies with effect from January 27 for “repeated offences” against securities law. Continue Reading
Sberbank mulling over change of name – CEO
By Andrei Skvarsky. Sberbank CEO Herman Gref on December 11 confirmed rumours that the giant Russian banking group is considering renaming itself by keeping the word “bank” out of the group name though it would still have the word in the name of its purely financial unit. Continue Reading
Russia business training programme co-run by Sberbank, Google brings together 400,000
By Andrei Skvarsky. About 400,000 Russians have finished or are currently taking five-month free online business courses for small enterprises and would-be entrepreneurs that are co-run and co-sponsored by Russia’s biggest lender Sberbank and Google. Continue Reading
Sberbank parting company with head of retail
Andrei Skvarsky. Sberbank deputy CEO Alexander Torbakhov, who oversees the retail business of Russia’s largest banking group, is stepping down and will be replaced by Svetlana Kirsanova, who today heads the lender’s acquiring and bank cards division, the bank has announced. Continue Reading
Sberbank to study blockchain more before adopting it – CEO
By Andrei Skvarsky. Sberbank, Russia’s biggest lender, is researching blockchain technology but still does not use it in practice, CEO Herman Gref said this week. Continue Reading
Sberbank, S. Korea’s Hyosung set up R&D centre to create ‘next-generation ATM’
By Andrei Skvarsky. Russia’s biggest lender Sberbank and South Korean industrial conglomerate Hyosung have set up a research and development centre in Russia to modernise Sberbank’s network of cash recycling ATMs, machines that can take deposits as well as dispense cash. Continue Reading
Sberbank hires ex-Deutsche Bank analyst as global head of investment research
By Andrei Skvarsky. Sberbank, Russia’s biggest lender, has hired former high-ranking Deutsche Bank analyst Yaroslav Lisovolik as global head of investment research. Continue Reading
Sberbank gives senior job in corporate and investment unit to regional manager
By Andrei Skvarsky. Sberbank, Russia’s biggest lender, has promoted one of its top regional managers to co-manager of its corporate and investment business. Continue Reading
Sberbank launches Russia’s first ETF
By Andrei Skvarsky. Sberbank, the biggest Russian lender, has launched the first Russian exchange-traded fund with the ETF beginning to trade on Moscow Exchange on September 17, the bank and exchange have announced. Continue Reading
Russian startup among MIT-based accelerator’s selectees for course
By Andrei Skvarsky. Button Blockchain Technologies, a Russian-staffed but US-domiciled startup developing a cryptocurrency wallet for retail users and corporate blockchain solutions, was among firms selected by an accelerator based at the Massachusetts Institute of Technology for a class that ran last month. Continue Reading
Sberbank joined by Silicon Valley accelerator to look for promising Russian startups
By Andrei Skvarsky. Silicon Valley-based accelerator 500 Startups has joined Russia’s biggest lender Sberbank in a programme to finance and promote Russian tech startups. Continue Reading
Sberbank to integrate investment arm with corporate business unit
By Andrei Skvarsky. Sberbank, Russia’s biggest lender, has announced it will integrate its investment arm, Sberbank CIB, with its Corporate Business unit. Continue Reading
Sberbank puts David Rafalovsky in charge of tech unit with Nikita Volkov as no. 2
By Andrei Skvarsky. Russia’s largest lender Sberbank has appointed two of its top executives, David Rafalovsky and Nikita Volkov, as, respectively, head and deputy head of its technology unit. Continue Reading
Sberbank hires head of lifestyle management firm for role at HNWI unit
By Andrei Skvarsky. Sberbank has announced it has hired Julia Melts, chief executive of a lifestyle management company, as head of client coverage at Sberbank Private Banking, the unit of Russia’s biggest lender that provides services for high-net-worth individuals. Continue Reading
Sberbank subsidiary: Security firms technologically behind cybercriminals due to bureaucratic, legal constraints
By Andrei Skvarsky. Cybercriminals across the world are technologically “a step ahead” of cybersecurity firms as the latter are handicapped by bureaucratic formalities and legal requirements, according to the head of a cybersecurity subsidiary of Russia’s biggest lender Sberbank. Continue Reading
McKinsey: Russian banks making more use of blockchain, opening up to cryptos
By Andrei Skvarsky. Global consultancy McKinsey has said in a detailed report on the current state of the Russian economy that Russian banks are using blockchain on an increasing scale and has confirmed that cryptocurrencies are making their way into Russia. Continue Reading
Sberbank vice-CEO Poletaev stepping down but staying as adviser
By Andrei Skvarsky. Russia’s biggest lender Sberbank has announced an upcoming top-tier reshuffle to include the resignation of Maxim Poletaev, one of chief executive officer Herman Gref’s two senior deputies, who will, however, stay at the bank as a senior adviser. Continue Reading