Emerging Markets, Emerging Russia, Emerging Views
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 }
