Tag Archives: Europe

EME Sales Assistant for Solutions & FX Sales, London Based

 

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A direct vacancy from www.russiansinthecity.eu

Job Reference 66510

Job Title EME Sales Assistant for Solutions & FX Sales (BA4)

The Sales Support team is responsible for a variety of functions to support the firm’s clients and our internal customers (sales and trading desks, other infrastructure areas) to ensure accurate and timely processing of transactions. Sales Support is split between UK and EME (Continental Europe, Russia and Middle East) and along with a Post Trade Services team covers clients across Investment, Corporate and Retail Banks as well as Wealth. Products covered are predominantly Interest and FX Derivatives and FX Cash but there are also some Commodities and FI products.

The EME team is made up of 4 analysts and one manager Main Function Act as primary point of contact to clients for sales support and query management regarding operational issues and assist Sales desk in processing and confirming client transactions Main Duties General Act as main Sales Support for Russia, Central & Eastern Europe, Netherlands and Scandinavia and co-support Germany

• Liaise with Sales, Relationship Managers, clients and other Operations teams to obtain confirmation of trades
• Account opening (on behalf of Sales), maintenance and liaising with all teams who form part of the onboarding process
• Liaise with clients to obtain client information & documentation and handle archiving as necessary
• Work with Reference Data team to ensure client account information is accurate in all processing systems, especially settlement instructions and contact details for confirmations • Act as a liaison between the Trading Desks and Operational Areas (e.g. Payments, Static Data, etc) in order to resolve any issues
• Act as conduit for client requests for valuation and trading statements • Support ad-hoc management reporting through data extraction and formatting, in conjunction with other MI teams
• Provide holiday coverage and back-up support for the desk as necessary within the EME team
• Participate in ad hoc projects to improve processes for Front Office and Sales Assistants/Operations to enhance client experience

Desk profile:
• Primarily deals with a number of large to mid corporate clients’ portfolio but also FIs and Government entities
• High number of time-sensitive trades
• High volume of daily financing trades
• Products include the whole range of Derivatives and FX-related products distributed in Europe
• Main Systems: Sales Workstation, Devon, FX Options Web, BARX Trade Services, Summit, Steed, GBS, Eraptor, SDS and Global Account Opening system Tasks Excluded
• Trade Pricing for customer enquiries
• Execution of any trades Person Requirements Essential:
• Good school education
• Excellent interpersonal skills to work with Sales, clients and peers across the bank
• Solid team player and ability to work under pressure
• Fluent in German and Russian (spoken and written)
• Understanding of Settlements processes and systems

Preferred:

• University degree

• Experience of Client Onboarding and account opening processing at a large financial institution

• Basic level of Dutch

Contact Anna Klockgether tel 0207 773 8966 email anna.klockgether@barcap.com

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Investment banking internship at European bank, London based

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A direct vacancy from www.russiansinthecity.eu
Russian speaking intern required for a long term (12 months or more) internship to join an ECM team at a European investment bank.

Prior banking experience is not required, but the candidate must demonstrate basic knowledge of finance and enthusiasm to work in the industry. The candidate must be have the right to work in UK. For further information or in order to apply, please email anna.malamen@sgcib.com

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EME Sales Assistant for Solutions & FX Sales, London Based

RIC-logo-2012

 

 

Vacancy direct from www.russiansinthecity.eu

Job Reference 66510

Job Title EME Sales Assistant for Solutions & FX Sales (BA4)

The Sales Support team is responsible for a variety of functions to support the firm’s clients and our internal customers (sales and trading desks, other infrastructure areas) to ensure accurate and timely processing of transactions. Sales Support is split between UK and EME (Continental Europe, Russia and Middle East) and along with a Post Trade Services team covers clients across Investment, Corporate and Retail Banks as well as Wealth. Products covered are predominantly Interest and FX Derivatives and FX Cash but there are also some Commodities and FI products.

The EME team is made up of 4 analysts and one manager Main Function Act as primary point of contact to clients for sales support and query management regarding operational issues and assist Sales desk in processing and confirming client transactions Main Duties General Act as main Sales Support for Russia, Central & Eastern Europe, Netherlands and Scandinavia and co-support Germany

• Liaise with Sales, Relationship Managers, clients and other Operations teams to obtain confirmation of trades
• Account opening (on behalf of Sales), maintenance and liaising with all teams who form part of the onboarding process
• Liaise with clients to obtain client information & documentation and handle archiving as necessary
• Work with Reference Data team to ensure client account information is accurate in all processing systems, especially settlement instructions and contact details for confirmations • Act as a liaison between the Trading Desks and Operational Areas (e.g. Payments, Static Data, etc) in order to resolve any issues
• Act as conduit for client requests for valuation and trading statements • Support ad-hoc management reporting through data extraction and formatting, in conjunction with other MI teams
• Provide holiday coverage and back-up support for the desk as necessary within the EME team
• Participate in ad hoc projects to improve processes for Front Office and Sales Assistants/Operations to enhance client experience

Desk profile:
• Primarily deals with a number of large to mid corporate clients’ portfolio but also FIs and Government entities
• High number of time-sensitive trades
• High volume of daily financing trades
• Products include the whole range of Derivatives and FX-related products distributed in Europe
• Main Systems: Sales Workstation, Devon, FX Options Web, BARX Trade Services, Summit, Steed, GBS, Eraptor, SDS and Global Account Opening system Tasks Excluded
• Trade Pricing for customer enquiries
• Execution of any trades Person Requirements Essential:
• Good school education
• Excellent interpersonal skills to work with Sales, clients and peers across the bank
• Solid team player and ability to work under pressure
• Fluent in German and Russian (spoken and written)
• Understanding of Settlements processes and systems

Preferred: • University degree • Experience of Client Onboarding and account opening processing at a large financial institution • Basic level of Dutch

Contact Anna Klockgether tel 0207 773 8966 email anna.klockgether@barcap.com

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Factoring – International Factoring Manager, London based

 

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Vacancy direct from www.russiansinthecity.eu

A London based company is looking for a specialist in international factoring to join UK office.

Focusing on CIS market and working as Export Factor our company is aiming to further develop this growing market.

The candidate must have previous factoring experience, preferably in the international factoring products. Be a self started, diligent and entrepreneurial. Terms and package to be negotiated with the right candidate.

Please send your resumes to into@regentfx.com
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Executive Assistant, Greater London based

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Executive Assistant, Greater London based

A UK-based entrepreneur is looking for an executive assistant living in or willing to travel to Haslemere and/or Guildford.

Duties may include, but are not limited to, the following:

· Performing confidential secretarial and administrative duties
· Composing, editing and reviewing confidential correspondence
· Compiling statistical information or reports as required
· Diary/calendar management
· Minute taking
· Coordinating with assistants throughout the team and across the company

Closing date: 31 May 2014

Salary: competitive, based on the candidate’s experience

Desired skills and experience: Significant, continuous secretarial experience, performing a wide range of general secretarial duties

High levels of integrity and discretion
Impeccable attention to detail Excellent written and oral English
Initiative and ability to thrive under pressure Microsoft Word, Excel and PowerPoint Russian language is a plus
Visa Support – highly unlikely

Contact with resume to alyukova@gmail.com

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International Counsel, Amsterdam / London based

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Major Responsibilities:

Legal

  • Arranging and supervising M&A, private equity investments, corporate finance transactions
  • Transaction execution
  • Drafting of multilingual contracts, resolutions and other legal documents
  • Compliance, evaluation and due diligence of the structures, corporate documents and files
  • Consulting on various international legal aspects
  • Liaising with legal advisors and notaries
  • Maintenance of the filing system

PR and marketing

  • Making promotional presentations for clients, search of new clients
  • Business development activities
  • Communication with clients

Managerial tasks (assisting with):

  • Project management Requirements

Fluent Russian and English.
Right to work in the UK/Netherlands
International law firm background.

CONTACT WITH RESUME stas@skyteller.co.uk
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Financial Controller, Family Office, London

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 Vacancy by www.russiansinthecity.eu

 

A financial controller for a family office

Requirements:  АСА / АССА / CIMA, 4-5 years of finance / accounting experience, 2+ years (Big4) audit experience

Russian or/and UK degree preferable, UK-based (NO visa support be provided)

Salary above market rate.

Please send you CV with a cover letter to: asakharov.embag2011@columbia.london.edu.

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Inhouse Counsel for a London office

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Vacancy from www.russiansinthecity.eu

UBG Corporation Limited is looking for an experienced lawyer to join London office on the full-time basis. This is a great opportunity to become a valuable member of the team with ability for further extensive career development in the UK.

Position Requirements:

• Law degree

• Fluent English and Russian, Ukrainian is an advantage

• Knowledge of Cyprus law

• Document management skills

• Registrar and client relations skills, ability to keep register of invoices and primary documentation

• Ability to work with documentations: corporate rights sale/purchase agreements, shareholders agreements with the control of key dates

• General understanding of corporate rights assign

• Experience of working with Escrow agent on corporate rights assign

• Preparation and legalization of documentation: Minutes of Board, Minutes of Shareholders meetings, shareholders notification letters etc.

Conditions: • Central London location – St James’s Park

• Full-time • Salary – £2000 per month • Payable probation period – 1 month

To apply please send your CV to okudriavtseva@uk.ubg.ua (specify CV-lawyer in the subject).
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Family Office / Personal Assistant to CEO, London based

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Должностные обязанности:

- Полная административная бизнес- поддержка руководителя ПО ВСЕМ НАПРАВЛЕНИЯМ БИЗНЕСА
- Адмистративная поддержка семьи руководителя – планирование рабочего дня (встречи, звонки, прием, пр.)
- Travel support
- заказ транспорта, билетов; организация встреч, переговоров; др.
- выезды для решения вопросов, обозначенных руководителем
- составление бюджета по направлениям работы; оптимизация расходов
- выполнение личных поручений – ведение деловой переписки как с российскими, так и с зарубежными партнерами
- сбор материалов и информации, необходимых руководителю, подготовка аналитических, информационных, справочных и иных материалов – сбор, сортировка информации адресованной руководителю
- сбор, хранение, контроль за своевременным подписанием руководителем документации
- работа с интернет-банкингом – техническая работа по оформлению контрактов и инвойсов
- контроль и своевременная оплата счетов
- работа с банком
- работа с первичной документацией
- контроль исполнения сотрудниками поручений руководителя
- составление и перевод деловой документации с/на английский и русский языки. – контроль и ведение финансовой части
- контроль работы директоров филиалов
- создание и ведение проектов с 0
- курирование отдельных проектов компании на всех этапах исполнения;
- поиск и подбор персонала как на постоянную основу, так и на фриланс
- решение кадровых вопросов, а так же создание и поддержание “здоровой” атмосферы в коллективе.
- опыт работы B2B с программистами, SЕО, копирайтерами, верстальщиками, рерайтерами дизайнерами.

Suitable for someone with 2-3Y post graduation experience.
No sponsorship for visa is available.

Resume to presidium@russiansinthecity.eu

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Markit: emerging markets still “downbeat” about future

By Andrei Skvarsky.

Global financial information provider Markit says a survey it made last month suggests emerging markets remain “downbeat” about the future.

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“Improving confidence and post-crisis high capex and hiring intentions in the developed world contrast markedly with ongoing downbeat expectations for the year ahead across the emerging markets,” the London-headquartered company said in a report on February’s Global Business Outlook Survey, the latest of polls the firm takes three times a year at four-month intervals.

The surveys are based on responses from 11,000 companies across the world.

“In all cases, emerging market companies are on average far less optimistic about future business activity growth, capex and hiring than they were even at the height of the financial crisis in 2009, when optimism had shown surprising resilience,” the report said.

Brazil appeared to be the most upbeat of the BRICs, though less so than during the previous survey. Markit argued that the 2014 soccer World Cup and the 2016 Summer Olympics, which the South American country is going to host, partially explained its relative optimism.

“Some improvement was seen in China”, while Russia and India showed “new all-time lows”, the company said.

The report does not mention the Ukraine crisis. The upheaval in Kyiv was coming to a head just a couple of days before the poll was completed, while the turmoil in Crimea came after that.

At the same time, business expectations in the United States, Britain and the eurozone were quite high, and there were signs of improvement in Japan, according to the findings of the survey.

“Recoveries in the US, eurozone, UK and Japan are looking increasingly sustainable, with companies set to boost their capital spending and hiring at the fastest rates since the financial crisis alongside the brighter outlook,” the Markit report quoted the firm’s chief economist, Chris Williamson, as saying.

Overall, the poll suggested global business optimism had reached a “two-year high,” the report said.

The countries covered by the Global Business Outlook surveys are the United States, Japan, Germany, Britain, France, Italy, Spain, Ireland, Austria, the Netherlands, Greece, the Czech Republic, Poland, Brazil, Russia, India and China. Questioning is done through phone calls, faxing, websites or email, with respondents allowed to select their interview mechanism.

Lombard Odier banker: Sberbank, VTB to survive Western sanctions

By Andrei Skvarsky.

A top executive at Lombard Odier, one of Europe’s biggest private banking firms, has argued that Sberbank, VTB and other Russian state-controlled banks would most likely be targets of potential Western sanctions against Russia because of its invasion of Crimea but that the lenders would stay afloat without major damage.

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Domestic sources of financing and government support would save the state-controlled institutions from going under as they did during the global financial crisis of 2007-2008, Stephane Ulcakar, senior vice-president at the Geneva-based bank and its representative in Moscow, said in answering a question from EmergingMarkets.me at a media event in Russia’s capital.

Nor, according to a colleague of Ulcakar’s, would it be a blow to the United States if Russian holders of US government bonds scrapped them in retaliation as suggested by senior Kremlin adviser Sergei Glazyev.

Arnaud Leclercq, head of new markets at Lombard Odier, argued at the same media event in Moscow that the Russian-held US treasuries accounted for just a fraction of the United States’ foreign-held debt.

According to US Treasury data as of the end of 2013 as cited by Russian news agency RIA Novosti, Russian investments in US government bonds total around $139bn out of a total of $5.8trln of the US debt held in foreign hands.

Oracle Capital launches advisory service on investment in art

By Andrei Skvarsky.

Oracle Capital, a global multi-family office and wealth consultancy, has launched an advisory service on the purchase and maintenance of fine art collections.

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A panel of experts would advise on specific paintings and art periods and movements, and address key valuation issues such as trends, authenticity and emerging art markets, the Luxembourg-headquartered firm, which in autumn 2013 bought out Moscow-based wealth manager Third Rome, said in a statement.

The panel has been joined by James Butterwick, an expert on Russian art who in 1994 became the only foreign member of the Russian Society of Private Collectors, in 2008 became the only foreign member of the International Confederation of Antique and Art Dealers of Russia and the CIS, and in 2013 was voted into the Society of London Art Dealers.

“The launch of the service builds on the Group’s credentials as a patron of the arts and follows its sponsorship of the hugely successful Houghton Revisited exhibition that saw masterpieces by Van Dyck, Poussin, Rubens, Rembrandt and Velazquez reassembled in their spectacular original setting of Houghton Hall for the first time in over 200 years, after they were sold to Empress Catherine the Great by UK Prime Minister Sir Robert Walpole,” the statement said.

Houghton Revisited showed 18th-century paintings that belonged to Walpole, Britain’s first prime minister, and today are part of the collection of the Hermitage in St Petersburg. The exhibition took place at Houghton Hall, a Palladian mansion in Norfolk, England, last year.

EAST CAPITAL COMMENT: Confessions of an emerging market optimist

By Marcus Svedberg, Chief Economist, East Capital.*

Arguably it is not very easy to be an emerging market (EM) optimist these days. It seems like almost everything and everyone is against the group of markets that were once the darlings of investors. Tapering is the most obvious cause for pessimism and is the most important factor behind the sharp EM equity and currency sell-off during the second half of January.

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But there are some other factors at play as well. The fact that economic growth decelerated and was revised down by most analysts for most of last year did not help. That, combined with concerns about longer term economic and political sustainability in a number of large emerging markets, resulted in weak stock markets during a year when developed markets rallied to new all-time highs.

But perhaps the biggest reason optimists like myself are struggling right now is because the policy response has been weak, late or in some cases even counterproductive. There was a delayed response to the currency sell-off in much of the emerging world, which resulted in bigger depreciations and larger rate hikes than would have been necessary if central banks would have acted earlier and more decisively. Structurally, the reform momentum has slowed down considerably. The European Bank for Reconstruction and Development (EBRD) measures this on a yearly basis in Eastern Europe and pointed out in its latest assessment that the number of country reform downgrades outnumbered the upgrades for the first time ever last year.

Despite the negatives, things are not necessarily as bad as they might seem. Sentiment tends to be reactive and the fundamentals are not all that bad – at least not if one has a selective approach to investments. We have been asking a lot of clients lately if they are fundamentalists or sentimentalists. To the fundamentalists we argued that there are still a lot of attractive macro and market fundamentals within the EM space, although not as a general rule. Russia, for instance, looks very resilient to tapering from a fundamental standpoint due to its budget and current account surpluses, combined with low public debt and large currency reserves. China also looks pretty good as well, whereas Turkey and, to a lesser extent, Brazil, India, South Africa are more vulnerable.

To the sentimentalists we have tried to encourage them to think about how quickly things can change. A fellow EM optimist, Daniel Salter at Renaissance Capital, pointed out that there was a very negative consensus on US equities three years ago, the Eurozone two years ago and Japan one year ago – and look what happened to those markets. The recent EM sell-off has been sharp, indiscriminate and most likely exaggerated. There is reason to believe the sentiment on the EMs will reverse. The obvious question is when. My guess is that it will happen once the cyclical recovery is confirmed and analysts start to revise up their now very gloomy outlook. This brings us to the last point.

Most economists were spectacularly wrong in their growth forecasts for some of the largest emerging economies last year. At the beginning of 2013, the consensus was that the Russian economy would grow more than 50% faster than it actually did. The forecast for Brazil missed by almost 40% and it was off by a third for India and South Africa. Ironically, the forecasts were most accurate for the economy that most were worried about, China, where consensus only missed by a tiny 5%.

When you make such a big mistake, you are obviously very reluctant to make the same mistake again. So consensus now has relatively conservative forecasts for Brazil, Russia and South Africa. This may be a mistake since the cyclical recovery is likely to be considerable on the back of stronger external demand and low base effect. The recent currency depreciation should only make exports more competitive.  The potential for positive surprises may be biggest in Russia given its strong macro resilience to tapering, buoyant consumption and expected turnaround in inventory cycle (some economist claim destocking alone shaved off 1.8pp of GDP growth last year).

This does not mean that one should revise up the longer term potential growth forecasts for these economies, it just implies that sentiment could be wrong and that growth may prove to be a positive surprise this year. Put another way, one can remain concerned about the structural/longer-term outlook and at the same time believe that short-term growth will be positive.

Finally, the importance of distinguishing between opportunities in the short and long term as well as acknowledging the divergence within the EM space suggest that we should move away from general assessments of the asset class and, if possible, abandon the fad for catchy acronyms that tend to group countries together for the wrong reasons.

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* East Capital Group is a specialist in emerging and frontier markets. The company, founded in 1997, bases its investment strategy on thorough knowledge of the markets, fundamental analysis and frequent company visits by its investment teams. East Capital actively manages EUR 3.5 billion in public equity, private equity and real estate.

EBRD co-arranges forum to discuss Armenia capital markets

By Andrei Skvarsky.

The European Bank for Reconstruction and Development (EBRD) and NASDAQ OMX were co-organisers of an international conference last week that pondered ways of building more vibrant capital markets in Armenia.

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The event, held in Tsakhkadzor, Armenia, brought together more than 100 delegates who represented commercial and central banks, potential issuers of corporate bonds, stock exchanges, clearing and settlement institutions, rating agencies, domestic and international investors, and Armenian Finance Ministry officials, the EBRD said in a statement.

Armenia’s central bank provided support for the conference.

Armenia, a tiny country with a decreasing population of 3.2m, has meagre natural resources and is heavily dependent on financial support from the global ethnic Armenian diaspora.

EAST CAPITAL COMMENT: Was January’s emerging markets scare justified?

By Peter Elam Hakansson, Chairman and Head of Public Equity investment team, East Capital.*

The first month of the year turned out to be a very difficult one for emerging markets, with a fear of tapering by the US Federal reserve and a slowdown of the Chinese economy leading to a sharp sell-off of emerging market (EM) currencies and equities.

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The most fragile emerging economies – the ones with large macro imbalances that are dependent on external financing – experienced the biggest correction, which in turn spilled over to other, more healthy, economies. We argue that the EM scare is exaggerated and far too broad, but at the same time not entirely surprising given the poor sentiment towards emerging markets during the second half of last year.

Almost everyone agrees that the two main reasons behind the EM scare in January were related to the start of tapering and fears of a slowdown in the Chinese economy. Even though it is true that tapering started in January (the FED reduced its monthly asset purchases from USD 85bn to 75bn) it was hardly a surprise as the announcement was made in December and markets started to price it in from May last year. One of the expected consequences of tapering was that US interest rates would increase, much like they did in the second half of 2013, when the 10-year yield surged from 1.66% in early May to 3% by the end of the year. But it did not continue to rise in January. Quite the contrary, it fell to 2.66%, but emerging market assets nevertheless corrected which led us to argue that fears of soaring inflation were greatly exaggerated.

The concerns about a Chinese slowdown are similarly overstated. It is true that PMI dropped below the 50 level that is considered a crucial indicator and that there are important structural challenges for the economy. But, it is also true that everyone that has been betting on a hard landing for the Chinese economy has been spectacularly wrong.

Another problem with the January sell-off was that it was largely indiscriminate. We are fundamentalists who believe that underlying economic and market fundamentals matter. This was not the case in January though as most EM currencies and equities corrected regardless of fundamentals. There are important differences across the EM space or even within different EM regions. We, for instance, consider Russia one of the most fundamentally attractive emerging markets at the moment, while the opposite is true for Turkey. In Asia, we find China and Korea attractive, while India and Indonesia look more fragile.

Most of the major stock markets in Eastern Europe and emerging Asia fell on the back of the deteriorating sentiment. Turkey was worst hit, dropping 12.8% after the TRY depreciated sharply against the USD and the EUR. The currency situation stabilised somewhat after its Central Bank hiked the rates aggressively. The Russian, Polish, South Korean and Chinese markets, which have more solid fundamentals, were also affected negatively and dropped between 4-8%. A number of other markets – such as Hungary, Malaysia, Hong Kong, Singapore and Romania – got away with smaller corrections, but the real place to hide was in the frontier. The small markets in Vietnam, Bulgaria, Lithuania and Slovenia outperformed massively by gaining 13.6%, 11.3%, 7.6% and 6.8% respectively. A number of other markets in the Baltics and Balkans also closed the month in positive territory, but Indonesia was perhaps the biggest surprise as it gained 5.8% even though it is considered one of the five fragile markets.

The correction was not entirely indiscriminate and has also opened up opportunities. Austrian banking giant Raiffeisen International, which has operations throughout Eastern Europe, gained 18.8% and Slovenian insurer Zavarovalnica Triglav rallied 17.7%. We increased both stocks in our portfolio. In Asia, we increased our position in Great Wall Motor in China and added Airports of Thailand to the portfolio after both stocks fell sharply.

* East Capital Group is a leading emerging and frontier market asset manager specialising in Eastern Europe and Emerging Asia. The group, which is an independent partnership set up in 1997, manages approximately EUR 3.5 billion in public and private equity funds as well as  separate accounts