OAO Sberbank, the holder of almost half of Russians’ bank savings, plans to cut 30,000 workers and close more than 3,600 branches over the next five years to boost profitability as loan growth slows.
Valartis Group AG, which traces its roots to Vienna in 1890, selected VTB Capital Investment Management as sub-adviser for its $1 billion Russian fund.
A former equity saleswoman at OAO Sberbank’s London unit won her sexual harassment lawsuit against the bank after male colleagues sent messages referring to her as “mad Svetlana” and “Ms. Cokehead.”
Russia’s government is tightening its grip on capital markets by expanding the investment-banking arms of two state-run lenders at the expense of Western firms.
Troika Dialog, the Russian brokerage being acquired by OAO Sberbank , said it is rehiring Graham Dean Hart to head equity trading in London, and recruiting Guy Marshall for a senior equity-sales role.
OAO Sberbank, Russia’s biggest lender, is beginning to offer clients mutual funds and venture capital funds managed by Troika Dialog, according to an e-mailed statement today.
Troika Dialog, Russia’s oldest investment bank, said it named Anatoly Popov as head of the company’s retail business.
OAO Sberbank, Russia’s largest lender, is halting equities operations in Kazakhstan as margins shrink and the banking regulator tightens capital requirements, according to three people with knowledge of the matter.
Russia’s Otkritie Financial Corp. might be acquiring Nomos Bank on behalf of its shareholder VTB Group, according to analysts at Troika Dialog.
Eduard Jabarov, formerly of Renaissance Capital, said by phone today that he’s started work at Troika Dialog as investment-banking director for debt capital markets.
"The independents and oil companies want to get into the gas business very badly, using every trick in the book to monetize their assets and entice customers away from Gazprom."
- Troika Dialog on Jul 20, 2012