By Andrei Skvarsky. Russia’s UralSib Bank has named Ilkka Salonen, formerly a deputy chairman of Sberbank and a senior figure at Renaissance Group, as its chief executive. In his new role, Salonen, who was hired from Helsinki-headquartered investment bank Septem Partners, will replace Ildar Muslimov, who has been dismissed by the bank’s supervisory board, according… Continue Reading
Category Archives: Hires & Fires
Deutsche Bank's CEEMEA top brass part company with senior figure
By Andrei Skvarsky. Deutsche Bank has parted company with Saleh Romeih, head of central and eastern Europe, Middle East and Africa at the firm’s capital markets and treasury solutions (CMTS) unit. Nizar Al-Bassam, head of markets sales and coverage for the region, has been named as Romeih’s replacement, according to Bloomberg. Romeih is credited with… Continue Reading
Troika Dialog makes two more hires for investment banking team
By Andrei Skvarsky. Troika Dialog has hired Max Kolodkin from Goldman Sachs and Sergei Chinkis from HSBC to co-head its investment banking division. Kolodkin, who was a managing director at Goldman and was involved in deals with major companies such as Coca-Cola and Unilever, will run a consumer and retail trade section, according to Russian… Continue Reading
Russia’s BCS makes four top hires for new London unit
By Andrei Skvarsky. Russian broker BCS has opened a unit in London and made four senior appointments for it. Joseph (Yossi) Dayan was hired as head of markets, Luis Saenz as head of equity and derivatives sales and trading, Mark Cleary as head of sales trading, and Tim Bevan as head of international direct market… Continue Reading
Otkritie CEO tapped for Nomos president as part of takeover
By Andrei Skvarsky. Otkritie Financial Corp’s chief executive and main stakeholder, Vadim Belyayev, has been tapped for president of Nomos-Bank as part of a recent deal that will make Nomos part of the Moscow-headquartered corporation within the next couple of years. Belyayev is likely to receive his new appointment within a month, Russian business daily… Continue Reading
VTB Capital makes two hires for Asia top brass
By Andrei Skvarsky. Russia’s VTB Capital has hired Daren Wong, previously a senior executive at Bank of China in Hong Kong, as head of high yield trading for Asia, and appointed former Merrill Lynch banker Roger Suyama to oversee Indonesia coverage. Wong, who will be based in Hong Kong, headed Morgan Stanley’s unit for Asia… Continue Reading
Top Troika Dialog salesmen move to Sberbank
By Andrei Skvarsky. Sberbank has given top roles in its private banking unit to Alexei Dolgikh and Igor Prokhayev, who have come over from Troika Dialog in a move appearing to be part of the current mutual integration of the two institutions. A Sberbank spokeswoman told EmergingMarkets.me that Dolgikh and Prokhayev, who have worked as… Continue Reading
Morgan Stanley parting company with top managers for Russia
By Andrei Skvarsky. Morgan Stanley is parting company with the two top managers of its Russian office, chairman Rair Simonyan and president Elena Titova. Media reports have expressed a surmise that both may join Russian oil major Rosneft. Reuters cited Russian media as saying Titova, who spent around 12 years at Goldman Sachs before joining… Continue Reading
EXCLUSIVE: Merrill’s Korishchenko to become CEO of Russia’s Investbank
By Andrei Skvarsky. Russia’s Investbank has confirmed that it is handing its job of chief executive to Konstantin Korishchenko, who is quitting as Merrill Lynch’s head for Russia. An Investbank spokeswoman told EmergingMarkets.me that Korishchenko’s candidacy had been approved by the supervisory board of the Moscow-based firm but that the appointment procedure would take a… Continue Reading
ING names head of commercial banking in Russia
By Andrei Skvarsky. The Netherlands’ ING Group has appointed its veteran Luc Truyens as head of commercial banking in Russia. Truyens, who takes up his duties on September 3, joined Banque Bruxelles Lambert (BBL) 29 years ago and has stayed at ING since the latter took over the Brussels-headquartered bank in 1998. “With the arrival… Continue Reading
Troika Dialog hires ex-VTB banker to run intl fixed income sales
By Andrei Skvarsky. Troika Dialog has hired Dean Tyler from VTB Capital as head of international fixed income sales. The recruitment of Tyler, who took up his duties this month and is based in Troika’s London office, is part of the Moscow-based brokerage’s current integration with Sberbank that aims to give Russia’s biggest lender a… Continue Reading
RenCap beefs up global business with dozen appointments
By Andrei Skvarsky. Renaissance Capital has beefed up its operations across the globe this month with a series of senior hires and staff moves. The appointees have filled equity products, research, electronic trading and other positions at RenCap, the Moscow-headquartered investment bank said in a series of statements. They include five senior managers in the… Continue Reading
Renaissance promotes Merzlenko, Andrews to partners
By Andrei Skvarsky. Russia’s Renaissance Group has appointed two of its top bankers, Alexander Merzlenko and Nick Andrews, as partners. Merzlenko joined Renaissance Capital in 2000. In 2009, he was appointed as RenCap’s head of Russian investment banking and financing, and in 2011 given an additional role as Renaissance Group’s deputy CEO for Russia. He… Continue Reading
EXCLUSIVE: Aubreck Leung headhunter appoints head of emerging markets research
By Andrei Skvarsky. Aubreck Leung, a London-based financial services executive search firm, has hired James Hicks, previously an employee at Russia’s Trust Investment bank, as head of emerging markets research, the British firm’s managing partner Joseph Leung told EmergingMarkets.me. Hicks was based both in Moscow and in London when working for Trust. “We are delighted… Continue Reading
Troika Dialog boosts investment banking team with two senior appointments
Troika Dialog today announces the appointments of Dirk Werner and Angelo Morganti as Managing Directors of the Investment Banking Division. Dirk Werner brings 22 years of global M&A experience to Troika Dialog. He has been a senior banker with leading international banks including Bank of America Merrill Lynch, Morgan Stanley and Lehman Brothers. At Bank… Continue Reading
VTB Capital makes new hires in Middle East and Africa
In line with VTB Capital’s global expansion strategy, James Williams, Head of Middle East Equity Trading, Nick Bye, Middle East Equity Structuring, Karim Nsouli, Head of Middle East Cash Equity Sales & Sales Trading, Ali Salam, Head of Strategic Equity Distribution – Middle East and Ziad Al Amin, Head of Multi Product Origination and Distribution… Continue Reading
Renaissance Asset Management appoints Chief Executive and Chief Investment Officers
Renaissance Asset Managers (RAM), the specialist asset manager focused on emerging Europe, Russia and Africa, has appointed Barbara Rupf Bee as CEO. Rupf Bee will lead RAM’s strategy in emerging and frontier markets, overseeing 30 investment professionals and assets under management of $2.8bn. RAM also announced that Plamen Monovski has been named President, in addition… Continue Reading
VTB Capital appoints CEO for Middle-East and Africa
Makram Abboud has been appointed as CEO Middle East & Africa and Co-Head of the International Multi-Product Origination and Distribution group for VTB Capital plc. In both these roles, Makram will be responsible for the development and implementation of VTB Capital’s International Client Franchise strategy internationally and in MENA, where VTB Capital’s goal is to… Continue Reading
VTB Capital announces key appointment in Fixed Income
Philip Hamilton has been appointed Head of VTB Capital’s Global Fixed Income Flow Sales Group. The Group was formed following the strategic realignment and enhancement of VTB Capital’s Global Markets Sales & Origination structure. Philip will be responsible for managing and growing VTB Capital Fixed Income flow distribution franchise with Russian and international clients. Over… Continue Reading
Troika Dialog Boosts Investment Banking Offering with New Head of FICC Division
Troika Dialog today announces the appointment of Maxim Safonov as Head of Fixed Income, Currencies and Commodities Division. Maxim will join Troika Dialog on January 10, 2012 and reports to Rob Leith, Global Head of Investment Banking and Global Markets. Maxim brings over fifteen years of experience in investment banking, specialising in Russian capital markets,… Continue Reading
Ovanes Oganisian to Join Troika Dialog as Strategist
Troika Dialog announced the appointment of Ovanes Oganisian as Strategist. In his new position, Ovanes will work closely with Chief Strategist Chris Weafer to provide insightful analysis for Troika Dialog’s client base on what promises to be another fascinating period for Russian and CIS equities. Ovanes comes to Troika Dialog with over 15 years of… Continue Reading
VTB Capital Appoints CEO For Asia
Damian Chunilal has been appointed as CEO Asia for VTB Capital and will be based in Hong Kong and oversee the strategic development and further acceleration of the company’s expansion in financial markets across Asia. Mr. Chunilal will report to Atanas Bostandjiev, CEO, UK and International for VTB Capital. Damian Chunilal has more than 20… Continue Reading
RenCap boosts presence in Turkey by taking over Istanbul broker
By Andrei Skvarsky. Renaissance Capital has clinched a deal to buy out Istanbul-based brokerage Mira Menkul Degerler in building up its presence in Turkey. Burak Akbulut, who has been in charge of RenCap’s business in Turkey, has been appointed as acting chief executive of the emergent Renaissance Capital Turkey, the Russian firm said… Continue Reading
Wermuth loses second senior manager since summer
By Andrei Skvarsky. Wermuth Asset Management, a German fund manager chiefly operating from Moscow, has parted company with its chief executive Maarten van den Belt, three months after another top figure in the relatively small company quit the firm. Van den Belt, whom Wermuth hired as its CEO in July 2010, has been replaced by Michael… Continue Reading
RusRating founder and CEO Richard Hainsworth steps aside
By Andrei Skvarsky. Russian rating agency RusRating has put aside its founder and chief executive Richard Hainsworth by appointing him as company president and passing over his top managerial duties to Dmitri Yefimov from Russian business news agency AK&M. The appointment of Yefimov, who takes up the job today, “was motivated by the… Continue Reading
Sberbank to axe 30,000 jobs
By Andrei Skvarsky. Sberbank, Russia’s biggest lender, plans to sack 30,000 employees or 12.5% of its personnel, thereby following other banks in Russia and worldwide in cutting jobs as the euro debt crisis deepens. Sberbank chief executive German Gref told Prime Minister Vladimir Putin that the reason why the firm would slash its numbers to… Continue Reading
EXCLUSIVE: Otkritie hires Hyerdale’s D’Angelo to run American sales
By Andrei Skvarsky. Otkritie has hired Patrick D’Angelo from U.S. hedge fund Hyerdale Capital as director of equity sales and trading at the New York office of the Russian investment bank. D’Angelo’s new role means involvement in Otkritie’s planned expansion in the United States, Canada and South America, Luis Saenz, chief executive of… Continue Reading
Troika hires Standard Bank’s Leith as heir apparent
By Andrei Skvarsky. Troika Dialog has hired Rob Leith from South Africa’s Standard Bank, which used to own a big slice of the Russian brokerage, as global head of investment banking and head of global markets. Leith is taking up what is a newly created role with responsibility for both business areas. He will partially… Continue Reading
INTERVIEW: Raiffeisen staying the course in Russia
By Andrei Skvarsky. Raiffeisen has no plans to follow its European counterparts by retreating from or retrenching in Russia, the Austrian lender’s top spokesman, Michael Palzer, tells EmergingMarkets.me. AS: Russia’s Sberbank is said to be eyeing the Russian assets of crisis-hit European banks, hoping to buy them cheaply. Has it offered to buy your Russian subsidiary?… Continue Reading