Sberbank CIB bankers will take part in the annual St Petersburg International Economic Forum (SPIEF) this month as part of a delegation from its parent firm Sberbank, Russia’s biggest lender. {{{?}}} “Sustaining Confidence in a World Undergoing Transformation” is the theme of the XVIII SPIEF, to be held in St Petersburg on May 22-24 and… Continue Reading
Asia Frontier Capital hires analyst for Southeast Asia, Mongolia
By Andrei Skvarsky. Asia Frontier Capital (AFC), a Hong Kong-based fund management company that specialises in investing in Asian frontier markets, has hired Scott Osheroff from Pathfinder Capital Management as a research analyst for Southeast Asia and Mongolia. {{{?}}} Osheroff, who joined AFC on May 1, will be based in Phnom Penh for nine months… Continue Reading
Investors in Crimea to receive “considerable” Russian government support
Investors willing to inject money into the Crimea will receive “considerable support” from the Russian government, Oleg Savelyev, the Russian minister responsible for the region, promised earlier this month. {{{?}}} As Rusbase reported, in addition to Russian and Ukrainian investors, Minister Savelyev hopes investors from China, India, Korea and the entire Southeast Asia will also line… Continue Reading
Ukraine and EBRD launch initiative to combat corruption
The government of Ukraine has pledged to do more to combat corruption with the support of the European Bank for Reconstruction and Development (EBRD), multilateral organisations as well as domestic and foreign business associations. {{{?}}} The Ukrainian Anti-Corruption Initiative aims to improve the investment climate and to strengthen the economic outlook by ensuring greater accountability and transparency… Continue Reading
Deutsche Börse analysts: Russians increasingly worse off because of Ukraine
By Andrei Skvarsky. A Deutsche Börse-owned research company says consumer sentiment in Russia has been going down steadily since the start of the year because of the Ukraine crisis, and that a survey taken last month showed a further decline. {{{?}}} Household finances, short-term business conditions and the spending climate in Russia are all affected… Continue Reading
EBRD appoints Managing Director for Eastern Europe and the Caucasus
The European Bank for Reconstruction and Development (EBRD) has appointed, Francis Malige to the new position of Managing Director for Eastern Europe and the Caucasus. {{{?}}} Mr Malige assumed his role 1 May. He is responsible for leading the Bank’s operations in Belarus, Moldova, Ukraine, Armenia, Azerbaijan and Georgia. Initially based in London, he will be relocating to Kiev later in the… Continue Reading
Executive Assistant, Greater London based
Executive Assistant, Greater London based A UK-based entrepreneur is looking for an executive assistant living in or willing to travel to Haslemere and/or Guildford. Duties may include, but are not limited to, the following: · Performing confidential secretarial and administrative duties · Composing, editing and reviewing confidential correspondence · Compiling statistical information or… Continue Reading
International Counsel, Amsterdam / London based
Major Responsibilities: Legal Arranging and supervising M&A, private equity investments, corporate finance transactions Transaction execution Drafting of multilingual contracts, resolutions and other legal documents Compliance, evaluation and due diligence of the structures, corporate documents and files Consulting on various international legal aspects Liaising with legal advisors and notaries Maintenance of the filing system… Continue Reading
Qiwi top executives make $30m and entrepreneurial experience available to Russian start-ups
In late April Andrei Romanenko, a top executive at Russian payment giant Qiwi, announced the launch of Run Capital, a venture fund targeting Russian tech start-ups at the pre-seed and seed stages. {{{?}}} The $30m fund will able to provide young Russian entrepreneurs with much more than just financial support, East-West Digital News, the first… Continue Reading
Sberbank hires bankers from Deutsche, J.P. Morgan for M&A unit
By Andrei Skvarsky. Sberbank has hired Igor Ushakov from Deutsche Bank and Vadim Marchuk from J.P. Morgan as mergers and acquisitions (M&A) directors at Sberbank CIB, the investment arm of Russia’s biggest lender. {{{?}}} Ushakov worked in the European industrials and M&A groups at Merrill Lynch prior to his six-year London-based job as a director… Continue Reading
EBRD steps up lending to Ukraine as part of international support package
The European Bank for Reconstruction and Development (EBRD) is significantly increasing its public sector lending in Ukraine as it joins in the response of the international community to support the Ukrainian economy. {{{?}}} In a project financed together with the European Investment Bank, the EBRD is providing a €200 million loan to finance the modernisation… Continue Reading
Execute a flawless career change
{{{?}}} Landing a new job is challenging enough. If you’re also trying to break into executive management, switch industries or functions, or reenter the workforce after a prolonged hiatus – success depends on a comprehensive job search strategy. To help you devise and execute your strategy, Ivy Exec is providing Emerging Markets Investment Professionals Network… Continue Reading
GUEST COMMENT: On the road to Donetsk?
By Tyler Hawkins Sunshine, PhD World War III is certainly not looming and any fallout from recent events in the Ukraine will only have a short-lived effect on capital markets in Russia, let alone the rest of the world. {{{?}}} Russian equity indices and credit default swaps are trading at the lower end of the… Continue Reading
Financial Controller, Family Office, London
Vacancy by www.russiansinthecity.eu A financial controller for a family office Requirements: АСА / АССА / CIMA, 4-5 years of finance / accounting experience, 2+ years (Big4) audit experience Russian or/and UK degree preferable, UK-based (NO visa support be provided) Salary above market rate. Please send you CV with a cover letter to: asakharov.embag2011@columbia.london.edu. {{{?}}} Continue Reading
Inhouse Counsel for a London office
Vacancy from www.russiansinthecity.eu UBG Corporation Limited is looking for an experienced lawyer to join London office on the full-time basis. This is a great opportunity to become a valuable member of the team with ability for further extensive career development in the UK. Position Requirements: • Law degree • Fluent English and Russian,… Continue Reading
Family Office / Personal Assistant to CEO, London based
Должностные обязанности: – Полная административная бизнес- поддержка руководителя ПО ВСЕМ НАПРАВЛЕНИЯМ БИЗНЕСА – Адмистративная поддержка семьи руководителя – планирование рабочего дня (встречи, звонки, прием, пр.) – Travel support – заказ транспорта, билетов; организация встреч, переговоров; др. – выезды для решения вопросов, обозначенных руководителем – составление бюджета по направлениям работы; оптимизация расходов – выполнение… Continue Reading
Russia expects its own chip for bank cards as early as 2015
{{{?}}} Pursuing the goal of setting up its own payment operation and clearing centers to circumvent US-based Visa and MasterCard, Russia may have its own homemade chip for banking cards as early as next year. According to East-West Digital News, the first all English-language online resource dedicated to Russian digital industries, citing the Russian business daily… Continue Reading
Sberbank CIB opens second RUB 6.8 bln line of credit for INTECO Group
{{{?}}} Sberbank CIB1 has signed an agreement with INTECO Group on the financing of construction of the 146,000 sq. m “Liner – Zapad” Multifunctional Complex in the Khodynskoe Polye neighbourhood. This line of credit totals RUB 6.8 bln. The agreement was signed for a period of 4.5 years. On behalf of Sberbank CIB this deal was structured… Continue Reading
Microsoft supports Moscow University-based computer vision and big data research
{{{?}}} Microsoft and Lomonosov Moscow State University, Russia’s most renowned institution of higher learning, shook hands earlier this month on a joint $1m research project, East-West Digital News, the first all English-language online resource dedicated to Russian digital industries, reported last week, citing a press release from the US company. The three-year agreement calls for close collaboration… Continue Reading
EBRD channels $40 million to support Ukrainian grain farmers
{{{?}}} The European Bank for Reconstruction and Development (EBRD) is once again demonstrating its commitment to Ukraine’s agribusiness sector, which received over €160 million from the Bank in 2013 alone. The EBRD is providing a loan of up to US$ 40 million to over 30 farms and elevators across Ukraine owned by NCH New Europe… Continue Reading
RUSSIAN SECURITIES FORUM 2014
RUSSIAN SECURITIES FORUM 2014 Infrastructural & Strategic Challenges In The Russian Post-Trade Market 3 – 4 June, 2014, Hotel Baltshug Kempinski, Moscow, Russian Federation Event Website RSF is the definitive post-trade and operational infrastructure event with an unrivalled programme featuring leading brokers, custodians, CSDs, regulators and innovative service providers. Book online or Call +… Continue Reading
RenCap makes top appointments for Turkey team
By Andrei Skvarsky. Renaissance Capital has hired Mike Harris from Bank of America Merrill Lynch as chief strategist for the Russian investment bank’s business in Turkey and made four other senior appointments for its Turkish team. {{{?}}} Harris will be based between London and Istanbul and report to David Nangle, Head of equity research at… Continue Reading
MNI says consumer sentiment in Russia down, Sberbank argues it’s edging up
By Andrei Skvarsky. A monthly survey by a Deutsche Börse think tank suggests that consumer sentiment in Russia has dropped by more than 10% since the start of 2014 and plummeted to its lowest level since March 2013 because of global fallout from Russia’s annexation of Crimea. {{{?}}} The research firm, MNI Indicators, said its… Continue Reading
EXCLUSIVE: Russia’s BCS hires ex-RBS banker to run global collateral trading
By Andrei Skvarsky. Russian investment firm BCS Financial Group has hired Christian von Gradowski, a former repo trader at Royal Bank of Scotland and Dresdner Kleinwort, as director of collateral trading at its global markets arm. Von Gradowski will be based at BCS’s London office and “focus on the repo and stock loan presence to… Continue Reading
Veteran banker Sucher to co-oversee Credit Bank of Moscow business
By Andrei Skvarsky. Credit Bank of Moscow (CBM), a high-profile privately owned lender, has given a seat on its newly elected supervisory board to Bernie Sucher, an American who has been a key figure in building Russia’s investment banking. {{{?}}} The other two newcomers on the board are Thomas Grasse, a nominee of the European… Continue Reading
Renaissance Capital makes net profit of $14m for FY13
By Andrei Skvarsky. Renaissance Capital, one of Russia’s leading privately-owned investment banks, has reported a net profit of $14.09m for fiscal year 2013 after losses it had been sustaining before its takeover by billionaire Mikhail Prokhorov’s Onexim group a year ago. {{{?}}} RenCap lost $378.24m for fiscal year 2012, the Moscow-based bank said in a… Continue Reading
EXCLUSIVE: Deutsche Börse analyst says sanctions push Russia towards recession
By Andrei Skvarsky. A Deutsche Börse analyst argues that Russia will plunge into recession if the West follows up its recent penalties against the country in retaliation for its annexation of Crimea with widespread trade and financial sanctions. {{{?}}} “Given that the economy grew by just 1.3% in 2013 and growth has pretty much ground… Continue Reading
Post-Crimea capital outflow huge threat to Russian growth – minister
By Andrei Skvarsky. With a boost given by the international political aftermath of Moscow’s annexation of Crimea, capital outflow threatens to drastically slow Russia’s economic growth, with recession not unlikely, the economics minister has warned. {{{?}}} An estimated $60bn has been taken out of Russia since the start of 2014, about as much as for… Continue Reading
Deutsche Börse-owned firm: Crimea fallout makes Russian businesses pessimistic
By Andrei Skvarsky. A survey by a Deutsche Börse-owned research firm suggests the international fallout from Russia’s annexation of Crimea has brought a lot of pessimism to the Russian business community. {{{?}}} With the looming threat of tough anti-Russian sanctions, business confidence among Russian companies has dropped in March to its lowest level in three… Continue Reading