UniCredit hit by more defections from its Russian team

By Marcus Williams

Italy's UniCredit Securities has been hit by two more defections from its Russia team following the departures of analysts George Buzhenitsa and Natalia Smirnova for Deutsche Bank.

UniCredit has suffered a number of defections and departures from its research team, not least since Aton relaunched its institutional business last summer.

Moscow-based senior oil and gas analyst Pavel Sorokin last month quit to join Alfa Bank. London-based Mark Robinson also recently stepped as global head of equity research and chief strategist.

Buzhenitsa joins Deutsche from UniCredit where he covered Russian and Kazakhstan metals & mining and the fertilizer industries for almost three years, according to a statement today from the German bank. Smirnova was an equity analyst covering the consumer & retail sectors at UniCredit Securities (Moscow) and previously covered the same sectors at Uralsib Capital.

By Marcus Williams Italy's UniCredit Securities has been hit by two more defections from its Russia team following the departures of analysts George Buzhenitsa and Natalia Smirnova for Deutsche Bank. UniCredit has suffered a number of defections and departures from its research team, not least since Aton relaunched its institutional business ...