Emerging Markets, Emerging Russia, Emerging Views
Posts tagged as:
By Marcus Williams
The corporate trust of BNY Mellon has been hired as trustee, paying agent, calculation agent and transfer agent for Vnesheconombank’s $30bn loan participation note programme.
Vnesheconombank, Russia’s state development bank, was founded in 1924 and emerged as a cornerstone bank during the crisis.
BNY Mellon will provide VEB with all of its debt servicing and [...]
{ 0 comments }
By Andrei Skvarsky
New York-based investment bank Jefferies has appointed Mark Alan Fox as a managing director and head of emerging markets distribution, Europe, after hiring three senior emerging markets professionals in Singapore in February in its global expansion of emerging markets business.
Fox, who has two decades of experience with prior stints [...]
{ 0 comments }
By Ivan Anderzhanov
Peter Halloran, founder and chief executive of Pharos Financial Group, has snapped up a Park Avenue bolthole in New York for $4.3 million from fellow hedge fund supremo Steve Eisman.
Eisman and his wife Valerie Feigen have offloaded their 1125 Park apartment to the Moscow-based Halloran, according to the New [...]
{ 0 comments }
By Marcus Williams
Roubini Global Economics, the research and advisory firm founded by the notorious bear Nouriel Roubini, has hired four strategists to boost its expanding team.
The firm has hired Gina Sanchez has joined the firm as a director for equity and asset allocation strategy, Natalia Gurushina as director for [...]
{ 0 comments }
By Ivan Anderzhanov
State Street Global Advisors, the US investment giant which terminated its seven-year Russian joint venture in 2005, today launched its first Russia ETF.
The Boston-based manager is one of only two fund managers offering investment exposure to Russia using Exchange Traded Funds.
The SPDR S&P Russia ETF seeks to track the performance of the S&P [...]
{ 0 comments }
By Marcus Williams
Chris Morrell, the manager of JP Morgan’s emerging alpha plus fund is to step down, is to part company with the US banking group.
Morrell, who joined from Merrill Lynch in 2006, will be replaced as manager of the fund by Ashraf el Ansary, who has served on JP Morgan’s emerging markets team since [...]
{ 0 comments }
By Jason Corcoran in Moscow
Red Star Asset Management is switching its focus from Russia to global emerging markets following the recruitment of Scott Licamele as a director.
James Fenkner, founder and managing director of Red Star, quit Russia early this year to move to California after working in Russia for 14 years.
Fenkner made the move for [...]
{ 0 comments }
By Ivan Anderzhanov in Moscow
Russia is to received a $4bn loan from the Bank of New York after dropping a $22.5bn lawsuit against the US financial services group.
Finance Minister Alexei Kudrin insisted the discounted loan was not part of a deal to drop the decade long money laundering charges against the Bank of New York.
The [...]
{ 0 comments }
By Ivan Anderzhanov in Mosow
Russia has agreed to drop money-laundering charges and a $22bn lawsuit against US lender Bank of New York Mellon in return for a miserly $14m.
Russia and the US bank agreed “to sign a friendly agreement” by which the bank will make the payment to Russian customs authorities.
As part of the deal, [...]
{ 0 comments }
By Jason Corcoran in Moscow
Sergey Aleynikov, the Russian-born computer developer charged with stealing precious Goldman Sachs‘ trading codes, started his career at the Ministry for Transportation in Moscow as a trainspotter.
Aleynikov, a naturalised US citizen who emigrated from Russia in 1991, allegedly unlawfully copied, duplicated, downloaded and transferred computer codes from Goldman Sachs and uploaded [...]
{ 0 comments }
