Emerging Markets, Emerging Russia, Emerging Views
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By Andrei Skvarsky
Russia’s biggest lender Sberbank has set up two offices in Moscow to serve the wealthy and is in talks about providing these customers access to foreign securities.
The state-controlled bank, which has recently been aggressively expanding into brokering, debt capital markets and asset management, is developing a product line [...]
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By Taras Rybak
Getting a banking job in Russia has become less of a cyclical fad and more of a permanent fixture.
The global economic crash following the collapse of Lehman Brothers in late 2008 has changed the game. Sovereign defaults and the boom and bust episodes in Russia pale in comparison, and seem [...]
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By Ivan Anderzhanov
Dmitri Kryukov, a co-founder of the investment firm Kazimir Partners, has set up a new hedge fund and hired six former colleagues to help run it.
Kryukov quit Kazimir a year ago after a bitter dispute with the other co-founder Frank Mosier. The pair had set up the firm in 2002 having working together [...]
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By Marcus Williams
Fierce rivals Renaissance Capital and Troika Dialog have shared top billing at the Institutional Investor All Russian Research awards for the first time.
For Rencap, the US magazine said it marked the seventh appearance in the top slot but the first time it has shared the podium with Troika. [...]
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By Ivan Anderzhanov
Equity funds focused on Russia attracted $108m in the week to June 9, the second positive week of inflows, according to fund tracker EPFR Global.
Total AUMs for the Russian funds in the weekly survey were some $10.4 bn, meaning inflows totaled some 1.0% of AUMs for the week.
This led [...]
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By Andrei Skvarsky
TransCreditBank, a bank controlled by state rail transport monopoly Russian Railways (RZD), has bought out Russian investment bank KIT Finance.
A TransCreditBank spokeswoman has confirmed to EmergingMarkets.me that the bank had taken over KIT Finance in a recent series of internal structural developments in which the institution has, among other [...]
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By Ivan Anderzhanov
Nick Jordan, the former head of Lehman Brothers in Moscow, has made a surprising comeback as the head of Russia and CIS for Swiss bank UBS.
Jordan, who was allegedly brought to Lehman from Deutsche Bank for $10m over years, had been in limbo for the past year after losing [...]
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By Andrei Skvarsky
Russian Standard Bank has appointed Yelena Suhoveeva as head of its private banking arm and senior vice-president.
Suhoveeva, whose duties will include overseeing infrastructure and network development for servicing high net worth individuals, joins the Moscow-based firm from the Russian subsidiary of Raiffeisenbank, where she at various times worked [...]
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By Andrei Skvarsky
Russia’s Metropol has set up a debt unit and has hired Semen Odintsov, who previously worked at the debt syndicates of TransCreditBank and Troika Dialog.
The unit’s immediate task is to develop an analytical product line for primary and secondary bond markets and devise new book building methods, Metropol [...]
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By Ivan Anderzhanov
Russia’s biggest lender Sberbank has registered two new companies to carry out brokerage and asset management activities.
The move will bring the bank in direct competition with VTB which already has a successful investment banking arm VTB Capital and asset management businesses.
Sberbank Capital is already involved in private equity [...]
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By Ivan Anderzhanov
Russian investment bank VTB Capital intends to triple its Asian business by launching operations in Hong Kong and expanding further into China, Vietnam and India, according to a Reuters report.
VTB Capital currently employs about 30 people in Singapore, its only Asian office, which focuses on placing Russian government and corporate debt with Asian [...]
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By Andrei Skvarsky
Alexei Sizov, former head of debt at Renaissance Capital, has resurfaced at the Moscow office of Swiss bank UBS.
A UBS source confirmed to EmergingMarkets.me that Sizov, who led RenCap’s debt team for almost a decade, had been hired for a similar such role.
Sizov also worked at Renaissance Partners, Renaissance Group’s private equity arm, [...]
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