By Andrei Skvarsky.
Dutch bank ING has made a series of hires for its investment banking team in Russia over the past few months in bouncing back after being forced by the global financial crisis to scale down its presence in the country.
Igor Goncharov, Tatiana Prokina and Anna Kochkina were taken on as senior analysts, ING confirmed to EmergingMarkets.me. Goncharov joined from Swiss bank UBS. Prokina came from VTB Capital and had worked at Deutsche Bank before. Kochkina’s CV includes a role with UniCredit.
Brian Wesneski was hired for a sales and trading role, and Adam Brinkley-Svanberg was recruited as a junior trader.
“These hires confirm that ING Equity Markets is committed to expanding its business in Russia ,” said Niall Carton, head of the equity markets division at ING’s Russian subsidiary.
Whacked by the crisis and hamstrung by a European Union bailout, ING had to axe some of its Russian jobs and sell off some of its assets in Russia, including its pension fund business to Aviva.
Over the past several months it has been rebuilding its Russian business, but some of the senior hires it made were offset by major exits, such as August’s departure of chief strategist Chris Weafer, who left just a month after joining the Dutch institution’s Moscow office and returned to Troika Dialog, where he had worked over a decade ago.
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