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Hires and Fires: UBS lures Farallon’s Maxim Moshkov/ Unicredit tangles with Aton 2.0

May 25, 2009

Swiss bank UBS has hired Maxim Moshkov from US hedge fund giant Farallon Capital Management to run the bank's oil and gas research team in Moscow.

Moshkov, who had worked at the UBS Brunswick joint venture in Moscow from 2001-2005 as an oil and gas analyst, replaces Dmitry Lukashov, who left the company last month without have a new job to go to. Lukashov had been hired  in October 2007 from Alfa Bank, where he had been the lead oil and gas analyst.

Moshkov joined Farallon, a San Francisco hedge fund firm with $20bn in assets under management, in 2006 as head of equity research from Gazprombank, where he also led the equity research.

Separately, Russian daily Vedomosti reported today that Italian bank Unicredit was up against a tug-of-war for senior staff with Aton Version 2.0.

UniCredit completed the acquisition of Russian brokerage Aton Capital in July 2007  for $424m. The Aton was subsequently dropped earlier in February this year and the Russian business was renamed UniCredit Securities.

The original deal will not include the Aton Line discount brokerage and Aton asset management businesses.

Evgeny Yuriev the president of Aton Capital and the original founder, has now decided to re-enter the investment banking game to the dismay and anger of Unicredit.

Vedomosti reported that head of equity trading Denis Sarantsev had already decamped from Unicredit to Aton's offices, which are in the same building in Chistye Prudy.

Sarantsev's departure may not be the last and the paper speculates that senior executives Alexander Kandel and Steven Dashevsky will follow.

Unicredit did not return calls for comment.

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