Tag Archives: UK

Pressure grows on Deutsche Bank and BNP Paribas to pull out of Belarus

By Ivan Anderzhanov. Pressure is mounting on European lenders Deutsche Bank and BNP Paribas to quit fundraising for pariah state Belarus after Royal Bank of Scotland announced that it will not do any more deals for Minsk. RBS, along with Deutsche and BNP, helped Belarus issue $1.8bn in sovereign eurobonds after opposition presidential candidates were… Continue Reading

Barclays gets near to Russian exit lounge

By Ivan Anderzhanov. British bank Barclays is close to selling its Russian retail and commercial banking business to Kazcommertzbank, Kazakhstan’s biggest lender. Barclays could agree to the sale of Expobank as soon as next week, according a report by the UK broadcaster Sky News. The UK high-street lender will continue to do business in the… Continue Reading

Traders wary of Micex's suspension for ''technical reasons''

By Andrei Skvarsky. Russia’s leading Micex stock exchange was suspended yesterday in a move reminiscent of trading halts that occurred frequently following the 2008 financial crash. The bourse attributed the one-hour plus suspension to ”technical reasons.”  It later reopened before closing down 3.7 percent as global equities tumbled. However, many market makers in Moscow and… Continue Reading

State Street appoints Raynes for senior EMEA role

State Street Global Advisors, the US fund giant, has recruited Susan Raynes as head of its UK, and EMEA institutional business. Raynes, who was previously head of SSgA’s San Francisco office, replaces Kanesh Lakhani, who worked at the firm for 13 years. Raynes will report to EMEA  head Greg Ehret and will be responsible for identifying institutional business… Continue Reading

Hillary Clinton bans Russian officials involved in Magnitsky case

By Ivan Anderzhanov. US Secretary of State Hillary Clinton has imposed visa sanctions on Russian government officials associated with the death in police custody of Hermitage Capital’s lawyer Sergei Magnitsky. America is the first country to officially impose sanctions on the Russian officials involved in the Magnitsky case, according to an emailed statement from Hermitage. “The facts… Continue Reading

Renaissance hires Cherny from Interros, Goldman's Barinstein

By Andrei Skvarsky. Russian brokerage Renaissance Capital has hired two senior bankers to cover operations in Russia, the CIS and Central and Eastern Europe. Anton Cherny has joined as the London-based head of business development. He worked for Renaissance as head of capital markets from 2005 to 2008, having previously held a senior corporate finance… Continue Reading

VTB to advertise on the BBC

By Ivan Anderzhanov In a further sign of a thawing in Anglo-Russo relations, VTB Capital is to sponsor a major series looking at Russian business to be shown on the venerable British Broadcasting Corporation (BBC). The series, which will begin transmitting this month, will focus on business across Russia, examining  people, companies and products. VTB… Continue Reading

BoFA Merill Lynch hires Nomura's Meissner as EMEA head

Bank of America Merrill Lynch has lured investment banking rainmaker Christian Meissner from Nomura. Meissner will report to Michael Rubinoff and Purna Saggurti, co-heads of global investment banking, and drive the growth of the investment banking  franchise across EMEA, according to a statement today. He will sit on the global corporate & investment banking operating… Continue Reading

Exclusive: LSE Russian team sees future for dual listings

By Jason Corcoran in Moscow The London Stock Exchange believes dual Russian stock listings in Moscow and London will endure in spite of plans to curb the amount firms can sell overseas. The new rules, which are due to come into force from January 1, aim to restrict domestic companies from running to foreign exchanges… Continue Reading

Barclays scoop up VTB CFO to lead its Russia business

Jason Corcoran in Moscow British bank Barclays has hired Nikolai Tsekhomsky as chief executive from Russian state bank VTB to head up its global retail and commercial banking business in Russia. Tsekhomsky, who has only just stepped down today from VTB after four years as its chief financial officer, will takeover from Sergey Radchenkov, who… Continue Reading