Tuesday 28 April 2009

Nomura's Nick Jordan Won't Get Russia Post

Wall Street Journal Europe

April 28, 2009

By JASON CORCORAN

MOSCOW -- Nick Jordan, one of the highest-profile bankers in Russia, has lost out on a top job at his employer, Nomura Holdings, putting his future at the Japanese bank in doubt and possibly heralding the end for Moscow's best-paid foreign "rainmakers."

Mr. Jordan had been named in an internal memo last month as the future head of the combined Nomura-Lehman Brothers business in Russia and the Commonwealth of Independent States.

But now Maxim Seltzer, who joined Nomura in 2006 and was made general director of Nomura CIS in March 2007 when Nomura opened an office there, is getting the job, according to a Nomura spokesman.

It wasn't immediately clear what had prompted the rethink at the Japanese bank. People familiar with management's thinking said Mr. Jordan was felt to be much too expensive in the current climate. Also, he is London-based and travels to Moscow while Mr. Seltzer has always been based full-time in Moscow.

The American banker was hired two years ago by Lehman Brothers from Deutsche Bank to lead the U.S. bank's second foray into Russia. He had spent a decade at Deutsche Bank AG working on deals involving energy company Gazprom and other companies closely linked to the Kremlin.

Most of the team Mr. Jordan recruited over the past two years in Moscow have left or have been let go, according to people familiar with the situation. These include Peter Ghavami, who had been head of capital markets and who joined Standard Bank earlier this year.

Mr. Jordan declined to comment. Nomura said it "was committed" to Russia and the CIS and had "an active" mergers and acquisition and initial public offering pipeline.

Competition between the largest international and domestic banks to sign Russia's leading bankers had resulted in multi-million dollar guaranteed remuneration packages in recent years. But the slowdown in capital markets has forced banks with Russian business to cut their costs and salaries.

A second foreign rainmaker, Bob Foresman, is relocating with his family back to the U.S. and will commute to Moscow for 12 working days a month as deputy chairman of Renaissance Capital, part of Renaissance Group. A Renaissance Capital spokesman said Mr. Foresman had a young family and he wanted them to go to school in the U.S. and learn to play American sports.

25 comments:

Anonymous said...

[b][url=http://www.hairstylestop.com/] Hairstyle Categories. [/url][/b]

Rihanna Short bob with bangs. Kylie Minogue winter [url=http://www.hairstylestop.com/]hairstyle![/url] Nicole Scherzinger funky ponytail hairstyle! Katy Perry funky colored hairstyle!
Mila Kuni brunette, updo hairstyle! Winona Ryder ponytail, wavy hairstyle! Jessica Alba updo, casual hairstyles!Short smooth [url=http://www.hairstylestop.com/]haircut[/url] Hayden Panettiere.

[url=http://www.hairstylestop.com/]wavy[/url]

Anonymous said...

Hi all at jasoncorcoran.blogspot.com. What you thinking about chicken recipes? rnexample: rnApple brandy chicken, made with chicken breast halves, apple brandy, cream, onions, and butter, along with mushrooms. rn 4 chicken breast halves rn rn salt and pepper rn 8 ounces sliced mushrooms rn 2 teaspoons olive oil rn 2 teaspoons butter rn 1/3 cup apple brandy, such as Apple Jack or Calvados rn 4 green onions, chopped rn 1/2 cup whipping cream or heavy cream rn 1 teaspoon fresh thyme leaves or 1/4 teaspoon dried leaf thyme rn rnPreparation: rnFlatten chicken; place chicken breast halves between pieces of plastic wrap and gently pound until thinned out and uniform in size. Sprinkle with salt and pepper. In a large heavy skillet, heat olive oil and butter over medium heat. Add chicken breasts. Cook for about 5 minutes, until browned, then turn. Add mushrooms and cook for about 5 minutes longer. Add green onions and apple brandy and cook for another minute, until chicken is cooked through and mushrooms are tender. Add cream and thyme; simmer until thickened. Taste and add salt and pepper if needed. rnHave you else any ideas? [url=http://freerecipesforchicken.info/]recipes for chicken[/url]

Anonymous said...

xanax pills 10 mg xanax high - xanax dosage images

Anonymous said...

oprah dating tyler http://loveepicentre.com/ dating game lyrics

Anonymous said...

mobipocket ebook reader http://audiobookscollection.co.uk/es/Gr-ficos-y-Multimedia/c1863/?page=4 dealing with dragons ebook download [url=http://audiobookscollection.co.uk/NET-A-Complete-Development-Cycle/p105730/]traffic tom vanderbilt ebook[/url] 1997 mitsubishi montero sport ebook

Anonymous said...

eyes of the world ebook http://audiobooksworld.co.uk/es/Superstition/p28984/ nag hammadi ebook [url=http://audiobooksworld.co.uk/Stanislav-Grof/m118239/]java cobol ebook torrent[/url] catherine ponder ebook

Anonymous said...

Hello. And Bye. Thank you very much.

Anonymous said...

Hello. And Bye. Thank you very much.

Anonymous said...

Hello. And Bye. Thank you very much.

Anonymous said...

[url=http://archive.org/details/coogenbioti][img]http://emeds.biz/pics/spymobile.png[/img][/url]
trace indian mobile number with address http://www.world66.com/member/spymobile_p1yjfjfn/ spying on a cell phone remotely [url=http://surveys.questionpro.com/a/TakeSurvey?id=3440768] is someone spying on your cell phone[/url] free phone number trackers secretly monitor text messages free how to track a mobile phone through imei number
mamoleptino321 http://spymobilemh5530.carbonmade.com/projects/4708537 http://archive.org/details/spersasraistag http://archive.org/details/saumeduamo
mini wireless hidden cctv video camera spy cam http://www.world66.com/member/spymobile_hurea2od/ iphone spy software free download [url=http://surveys.questionpro.com/a/TakeSurvey?id=3440665] best spy software for iphone[/url] cell phone spy tracker reviews cell phone text spying software cell phone tracking software free download pc
http://archive.org/details/ivatuncon http://flavors.me/mobilespy_dmasmontocan1974 http://www.world66.com/member/spymobile_a3ijhfzt/
[url=http://www.mycloud-tr.com/#comment-55127]spy kids 3 game over full movie free[/url]
http://www.blogger.com/comment.g?blogID=30718115&postID=801783430081696305&page=1&token=1363317013927 http://www.blogger.com/comment.g?blogID=15933091&postID=114657973277733838&page=1&token=1364449249653&isPopup=true http://www.blogger.com/comment.g?blogID=29608645&postID=2905214480542803475&page=1&token=1364540497911 http://www.blogger.com/comment.g?blogID=27555947&postID=8342156629070102992&page=1&token=1363011808283&isPopup=true http://blog.weddingreportsri.com/ri-wedding-planning/#comment-11130
does eazy spy work http://archive.org/details/eseswabting how to spy on a cell phone for free [url=http://surveys.questionpro.com/a/TakeSurvey?id=3440808] cell phone spy data extractor sale[/url] mobile phone spy remote installation spy kids 3 full movie english mw2 spy watch phone

Anonymous said...

specific piece of content:http://forum.harmonytsc.com/index.php?topic=299129.new#new
,additional details now :http://www.omnijet.com/pilots/cgi-bin/yabb/YaBB.cgi?board=postings;action=display;num=1364032734;start=0#0
,forget about running most notably: http://dezwangerezaak.nl/dezwangerezaak.nl/forum/index.php?topic=24094.new#new
Nike klmalnm553619683

Anonymous said...

Здравствуйте! купить виагру в луганске [url=http://allbestpills.ru/#dzhenerik-viagra-zhenskaja-otzyvy]женская виагра купить[/url] дженерик виагра для женщин

Anonymous said...

Здравствуйте! купить виагру в луганске [url=http://allbestpills.ru/#dzhenerik-viagra-zhenskaja-otzyvy]женская виагра купить[/url] дженерик виагра для женщин

Anonymous said...

Здравствуйте! купить виагру в луганске [url=http://allbestpills.ru/#dzhenerik-viagra-zhenskaja-otzyvy]женская виагра купить[/url] дженерик виагра для женщин

Anonymous said...

Здравствуйте! купить виагру в луганске [url=http://allbestpills.ru/#dzhenerik-viagra-zhenskaja-otzyvy]женская виагра купить[/url] дженерик виагра для женщин

Anonymous said...

Здравствуйте! купить виагру в луганске [url=http://allbestpills.ru/#dzhenerik-viagra-zhenskaja-otzyvy]женская виагра купить[/url] дженерик виагра для женщин

Anonymous said...

Здравствуйте! купить виагру в луганске [url=http://allbestpills.ru/#dzhenerik-viagra-zhenskaja-otzyvy]женская виагра купить[/url] дженерик виагра для женщин

Anonymous said...

Здравствуйте! купить виагру в луганске [url=http://allbestpills.ru/#dzhenerik-viagra-zhenskaja-otzyvy]женская виагра купить[/url] дженерик виагра для женщин

Anonymous said...

Здравствуйте! купить виагру в луганске [url=http://allbestpills.ru/#dzhenerik-viagra-zhenskaja-otzyvy]женская виагра купить[/url] дженерик виагра для женщин

Anonymous said...


iderably. Data shows, how to step, special the fall that the brand such as the pace has 20% to control, be equal to gram the 2nd quarter ordered goods 2013 meeting order total and the fall that compared occurrence 20%~30% with season photograph 2012. He Rui rich points out, the company orders goods meeting order decreases first half of the year this year 15% to 20% .
Be shop [url=http://wholesalenikeshoes.manifo.com/]wholesale nike shoes[/url] no matter shut still be order to drop, reduce the effect to outstanding achievement undoubtedly. Nevertheless, zhu Qinghua thinks, ordering goods on the meeting, although athletic brand has on the price and amount considerably cut, but this is the company reasonable response to the market, won't right outstanding achievement causes bigger effect this year. On one hand, these athletic brands reduce the price to be able to raise sale; on certain level on the other hand, decrease order goods the amount can reduce accumulation of goods in stock, the inventory that is helpful for an enterprise clears.
Nevertheless, to 2013 whether Qing Dynasty drops stock, difference appears inside course of study. Yu Jin points out, the total reserve first half of the year amounted to brand of 6 country movement last year 3.721 billion yuan, compare than the 3.699 billion yuan total reserve photograph end 2011, grew 22 million yuan, sell a form at present and do not have bigger change, inventory is digested to be without a likelihood inside year.
Nevertheless, zhu Qinghua not so think, economy of our country of the beginning of the year has sign of firm get warm again after a cold spell of look forward to this year, if our country macroscopical economy anticipates without deviate, go sign is good, will athletic brand be in this year the end of the year? A Target=_blank Href=http://www.cnxz.cn/dizhi-brand/> enlighten does 6 source of cease of collate of Wu of Zhi Jian Xun play admire of shaming of Piao to knock at garden of of of Piao of exhausted of Mu Kui thick humorous to censure does Zi of an ancient earthen utensil for steaming rise of patch up Mao vase pilfer of Xing of branny bell of coerce of of benzene of enthalpy of of of Sai Ping of green of Shan column? / P> although the to quiet stock time inside course of study somewhat difference, but the opinion that when anabiosises to athletic brand is not had 2 send. Zhu Qinghua thinks, the brand of 6 big campaign of the have a fracture needs to wait for macroscopical economy get warm again after a cold spell, when enterprise oneself accomplishs reform, ability walks out of trough. Yu Jin holds same point of view, whether walk out of trough or should see economy restore how, industry crowded bubble is squeezed how and whether does technical brand form oneself to be propped up sturdily. (Chinese shoe net - the most authoritative center of the most professional information of shoe line of business)Escape hard capital market kidnap is special the pace plans to close store of a hunderd schools again this year
[Chinese shoe net

Anonymous said...

Greetings! Very helpful advice within this article! It's the little changes that will make the largest changes. Many thanks for sharing!

Also visit my webpage :: the tao of badass

Anonymous said...

Hey there! Do you use Twitter? I'd like to follow you if that would be ok. I'm definitely enjoying your blog and look
forward to new updates.

Also visit my site :: diet plans for women to lose weight

Anonymous said...

If you desire to improve your know-how only keep visiting this web page and be updated with
the newest news update posted here.

Also visit my web site best diet

Anonymous said...

I don't even know how I ended up here, however I assumed this post used to be good. I do not understand who you might be however certainly you are going to a well-known blogger for those who aren't already.
Cheers!

My website: diet plan

Anonymous said...

Erotic ladyboy
http://dickgirl.replyme.pw/?page-myra
free video oorn transvestite sex best shemal sex shemal free movies shemeal sex movies