Sberbank registers brokerage and asset management companies

By Ivan Anderzhanov

Russia's biggest lender Sberbank has registered two new companies to carry out brokerage and asset management activities.

The move will bring the bank in direct competition with VTB which already has a successful investment banking arm VTB Capital and asset management businesses.

Sberbank Capital is already involved in private equity and special opportunity investments.

The group has a development strategy to set up a brokerage business on both the primary and secondary markets in 2010-12.

By Ivan Anderzhanov Russia's biggest lender Sberbank has registered two new companies to carry out brokerage and asset management activities. The move will bring the bank in direct competition with VTB which already has a successful investment banking arm VTB Capital and asset management businesses. Sberbank Capital is already involved in private ...