By Ivan Anderzhanov
Russia's Aton Capital is to open offices in London and Almaty a year after the investment banking business was relaunched.
The Moscow-based equity brokerage is looking to expand further in the UK and Kazakhstan having already hired a 50-strong Moscow team , according to a report in Vedomosti.
Evgeny Yuriev, the president and founder of Aton Capital, sold the brokerage business in July 2007 for $424m.
The Aton brand was subsequently dropped in February last year and the Russian business was renamed UniCredit Securities.
Much to the dismay of UniCredit, Yuriev opted to re-enter the investment banking market having retaining the Aton Line discount brokerage and Aton asset management businesses.
Aton hired a 50-strong team last year of analysts, traders and sales personnel.
Several staff were poached by Yuriev from UniCreidit. Other recruits included senior analyst Ivan Nikolaev and Svetlana Kovalskaya, who had both been employed at Renaissance Capital. Peter Westin, a one-time head of research at Aton, recently rejoined the firm to lead its research efforts after a stint at JP Morgan and MDM Bank.
Vedomosti said Aton intends to expand further into corporate finance and to start trading in bonds and derivatives by the end of the year.
A public listing of the business has also been mooted for five years time.
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