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.
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.
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 will approve the purchase of Troika Dialog, Russia’s oldest investment bank, at a meeting today of its advisory board, Vedomosti reported, citing an unidentified board member.
OAO Sberbank , Russia’s largest lender, may acquire Moscow-based Troika Dialog soon to develop its own investment banking business, Reuters reported, citing unidentified people close to the lender.
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.
Troika Dialog, the brokerage arm of Russian state-run lender OAO Sberbank, said it hired bankers from Citigroup Inc., Renaissance Capital and Arma Partners in a bid to challenge bigger rival VTB Capital.
"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