By Andrei Skvarsky. IronFX Global, a global trader in foreign exchange, futures, shares, contracts for difference, commodities and spot metals, has received an enhanced licence from the British Financial Conduct Authority (FCA) authorising the company to act as principal and agent in investment, hold client funds, and deal in all types of financial instruments. Continue Reading
Russia’s Promsvyazbank hypes role of small businesses via photo project
By Andrei Skvarsky. Promsvyazbank, one of Russia’s largest private banks, has carried through an online project to popularise the role in the country of small- and medium-sized enterprises (SMEs) by posting photos and brief descriptions of successful businesses and pictures of their founders and managers. Continue Reading
Junior Front-End Developer, London
A direct vacancy from www.russiansinthecity.eu Ecommerce team is looking for a new addition – a Junior Front-End Developer. We want you to bring your education, experience and new ideas to help drive our business growth. Unlike most client businesses, we have our own ‘in-house design shop’ producing all our online work. Continue Reading
Trading Systems Engineer, London
A direct vacancy from www.russiansinthecity.eu This is a senior support engineer role responsible for supporting all trading systems globally and implementing global changes with a fastpaced Product Development team. You will be responsible for proactive and reactive support, working within defined SLAs, systems automation, creation of system configuration reports and system documentation, Continue Reading
Legal secretary / PA, Moscow
A direct vacancy from www.russiansinthecity.eu International law firm is looking for a legal secretary/PA for its Moscow office. Full time. Experience of working as a legal secretary/PA in an international environment and excellent English language skills are a must. Please send CV to presidium@russiansinthecity.eu Continue Reading
Finance Assistant at a subsidiary of a major oil company, London
A direct vacancy from www.russiansinthecity.eu A subsidiary of a major oil company is seeking a Finance Assistant, reporting to the Finance Manager. Continue Reading
Kudrin: Russian economy needs big reforms but govt cannot deliver
By Andrei Skvarsky. Russia’s economic model is a bigger obstacle to the country’s economic growth than the Ukraine-related sanctions but the government is incapable of fundamental reforms, Reuters cited former Russian finance minister Alexei Kudrin as arguing. Continue Reading
Abraaj to pay scholarships to Royal College of Art students
By Andrei Skvarsky. The Abraaj Group, a global private equity firm focusing on emerging and frontier markets, will yearly pay scholarships for the next five years to five Royal College of Art students from Africa, Turkey, the Middle East, Asia and Latin America as part of a joint project with the London-based postgraduate school of… Continue Reading
Sberbank hires CFO, HR chief for investment arm
By Andrei Skvarsky. Sberbank, Russia’s biggest lender, has made two senior appointments for its investment arm Sberbank CIB, hiring Paul Goldfinch from Swiss bank UBS as chief financial officer and Annie Jordan from London-based headhunter Lansdowne International as head of human resources. Continue Reading
GUEST COMMENT: Canrim Resources Monthly Letter August 2014
August saw business return to usual in Mongolia as those in the countryside for an extended Naadam holiday returned to the city. This was followed by a high level visit from Chinese President Xi Jinping to Ulaanbaatar from August 21 to 22. Multiple agreements in infrastructure and mining were signed and now need to be… Continue Reading
FxPro broker buys out forex spot aggregator Quotix
By Andrei Skvarsky. FxPro, a London-headquartered online retail foreign exchange broker, has bought out spot forex aggregator Quotix, which is based in Cyprus. Continue Reading
Russian Pension Fund’s 2015 budget to have $8.1bn hole due to investment moratorium
By Andrei Skvarsky. Due to a current moratorium on the investment of pension system money, Russia’s Pension Fund will not get 309bn rubles ($8.1bn) it was planned to receive from the state in 2015, Finance Minister Anton Siluanov has announced. Continue Reading
Russian speaking PA, London
A direct vacancy from www.russiansinthecity.eu A boutique firm in London is looking for a Russian-speaking PA/secretary on a full-time basis. Continue Reading
Finance Analyst, 12 month contract, London
A direct vacancy from www.russiansinthecity.eu KEY RESPONSIBILITIES includes: Month end closing: – Performing month end journal entries in JDE and SAP: accruals and prepayments, programming assets accounting, reclasses etc. – BS reconciliations – Filling in month end templates and submissions – Investigating differences between budget and actuals – Programming support for the 4 channels –… Continue Reading
THE IMPACT ON THE EBRD REGION OF RUSSIA’S FOOD BAN
Russia imposed a ban on food imports from the West, including 11 EBRD countries where the EBRD invests, in early August. The one-year import ban on fruits, vegetables, meat, fish, milk and dairy products from the EU, the US, Australia, Canada and Norway was part of its reaction to the West’s own sanctions imposed as… Continue Reading
Rusnano and RusHydro to set up $200m venture fund for energy development
Rusnano, Russia’s nanotech giant, and RusHydro, the largest national hydroelectric power company, are in talks over the planned setup of a $200m VC fund. The parties intend to split the cost of establishing the fund on a 50/50 basis, the Russian news agency MA-agency.ru reported, citing Rusnano president Anatoly Chubais. Continue Reading
Russia-China Investment Fund (RKIF) reached an agreement to invest in a leading chain of stores selling products for children "Children's World"
September 9, 2014 Russia-China Investment Fund (RKIF) has reached an agreement in principle to invest in the company, “Children’s World”, is a major player in the sector of specialized network of trade in goods for children in Russia. To date, 100% of the share capital of the company is controlled by AFK “System”. Continue Reading
Mail.ru Group has placed part of its stake in the group Qiwi
Mail.ru Group has sold most of its stake in the group Qiwi, control of Russia’s largest system of instant payments . Mail.ru Group could realize 4% stake Qiwi from 2.8 percent discount to the market price, generated $ 80 million. Total investment in Qiwi, in which Internet holding company once owned a 25% stake, he… Continue Reading
EBRD PLEDGES FURTHER SUPPORT TO INDEPENDENT UKRAINIAN BREWER
The shareholders of an independent Lviv-based brewer Persha Privatna Brovarnia (PPB) including the European Bank for Reconstruction and Development (EBRD), which has over two decades of successful investment experience in the Ukrainian brewing industry, are financing another project aimed at supporting one of the most vibrant agribusiness subsectors in the country. Through this latest investment… Continue Reading
RENAISSANCE CAPITAL APPOINTS NEW CO-HEAD OF INVESTMENT BANKING, RUSSIA
Renaissance Capital has appointed Maxim Arefyev as Managing Director, Co-Head of Investment Banking, Russia. Arefyev will lead the origination and execution of M&A, equity and debt capital markets transactions in the Russia & CIS space, across consumer, retail, agriculture and other sectors, alongside Anton Cherny, Co-Head of Investment Banking, Russia. Continue Reading
EBRD REDUCES STAKE IN POLAND’S LEADING TELECOMS/MEDIA PLATFORM CYFROWY POLSAT
The EBRD has reduced its stake in Cyfrowy Polsat, Poland’s leading media and telecommunications companies, by selling 33 per cent of its shares. The partial sale reflects the Bank’s continuing commitment to the company and its successful development. Continue Reading
ASIA FRONTIER CAPITAL – Country Snapshot – Maldives
The Maldives, an archipelago nation consisting of over 1,000 islands in the Indian Ocean, has experienced consistent economic growth throughout the latter part of the last decade with annual real GDP growth averaging 6%. Continue Reading
RenCap gives ex-Deutsche Bank analyst senior job in MENA team
By Andrei Skvarsky. Russia’s Renaissance Capitalhas appointed former Deutsche Bank researcher Ryan Apache as senior banking analyst in its equity research team forthe Middle East and North Africa (MENA). Continue Reading
Moscow Exchange says got through Q2 with flying colours
By Andrei Skvarsky. Moscow Exchange ended tjis year’s second quarter with financial results described by its chief executive as its “best quarterly numbers”to date. Continue Reading
Reporting Accountant, Client Accounts, Moscow
A direct vacancy from www.russiansinthecity.eu Responsibilities: Client accounts record keeping (corporate stock investments, currency) Making up a balance, execution of sales deals General accounting services Support of work of external accountants and auditors Continue Reading
EU legislator proposes limiting ruble’s convertibility
By Andrei Skvarsky. A vice-president of the European Parliament has proposed limiting the convertibility of the Russian ruble as an addition to the Western sanctions imposed on Russia for its presumed support for the separatist insurgency in eastern Ukraine. Continue Reading
Lamudi real estate firm: myths create fear of emerging markets
By Andrei Skvarsky. Lamudi, an online real estate dealer with operations in 28 countries in the Middle East, Asia, Africa and Latin America, argues there exist widespread myths that may stop Western companies from taking advantage of “exciting” opportunities offered by emerging markets. Continue Reading
Compliance Executive, London
A direct vacancy from www.russiansinthecity.eu The role is essential to assisting the business in maintaining regulated status. The post consists of assisting in the identification, implementation and monitoring of the company’s regulatory risks. Continue Reading
Corporate Secretary, London
A direct vacancy from www.russiansinthecity.eu The person will be responsible for: – liaising with external regulators and advisers, such as lawyers and auditors – maintaining statutory books, including registers of members, directors and secretaries, changes in shareholding ownership; – fielding KYC requests from counterparties; – ensure that compliance obligations under relevant laws and regulatory requirements are… Continue Reading