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Renaissance launches yet another investment unit

27 April 2011 News

By Andrei Skvarsky. Renaissance Capital’s head of debt financing franchise, Dmitri Sredin, has been promoted to chief executive of an advisory firm set up …

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Russian central banker is highest paid globally with $750,000

27 April 2011 News

By Ivan Anderzhanov. Russia’s central bank chairman Sergei Ignatyev has the highest earnings of any of his nternational peers with a income of over …

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Silver futures trading on the RTS hits record $325m

26 April 2011 News

Yesterday saw a record trading volume in silver futures on Moscow’s RTS exchange. At the end of the trading day, the volume of these contracts …

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COMMENT: Allowing A Strong Ruble – Lesser of Two Evils

26 April 2011 Views

By Chris Weafer, Chief Strategist at UralSib Securities. Finance Minister Alexei Kudrin yesterday echoed recent comments made by Prime Minister Vladimir Putin that keeping …

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Germany’s Nanostart to run $73m Russian fund

26 April 2011 Deals

By Ivan Anderzhanov. Nanostart, a German nanotechnology venture capital fund, signed a deal last week with state-backed Rusnano and the Perm region to create …

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VTB protege elected as Bank of Moscow CEO

26 April 2011 Deals

By Andrei Skvarsky. VTB protégé Mikhail Kuzovlev has been elected as chief executive of Bank of Moscow after a brief spell as acting head …

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HSBC axing 250 jobs as it retreats from Russian retail

25 April 2011 Hires & Fires

By Andrei Skvarsky. HSBC, Europe’s largest bank, is going to halve its 500-strong workforce in Russia after deciding to quit retail and private banking operations …

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Leading bankers Herbert and Sucher hired by PBN

25 April 2011 Hires & Fires

By Andrei Skvarsky. Former senior ING manager David Herbert and ex-Merrill Lynch Moscow boss Bernie Sucher have been hired by PBN, a public communications …

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Citi names new head of equities for Asia emerging markets

25 April 2011 Hires & Fires

By Andrei Skvarsky. Citigroup, the world’s biggest financial services company, has promoted Adrian Faure to head of equities for Asia excluding Japan and Brent …

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Otkritie strategist hired to run merger of Russia’s top bourses

25 April 2011 Deals

By Andrei Skvarsky. Micex, Russia’s biggest stock exchange, has hired Mikhail Sukhobok from Russian brokerage Otkritie to oversee the bourse’s planned merger with the …

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Widows & Orphans Welcome…(+ Exodus of Ministers from State Companies)

21 April 2011 News

By Chris Weafer, Chief Strategist at UralSib Securities. Moscow’s markets should have another positive start today after Wall Street ended at the …

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Capital outflow keeps bedevilling Russia

21 April 2011 News

By Andrei Skvarsky. Senior officials on Wednesday rang the alarm bells about ongoing and apparently snowballing capital outflow from Russia, with the Central Bank …

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VTB named Russia’s top bond underwriter in Q1

20 April 2011 News

By Andrei Skvarsky. VTB Capital was Russia’s number-one domestic bond underwriter in the first quarter of 2011, according to Russian-based financial news …

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Russian tax officials lead elitni life, Hermitage video claims

19 April 2011 News

By Andrei Skvarsky. An anti-corruption website this week launched the third in a series of YouTube videos claiming that Russian tax officials who are …

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