Financial News
Jason Corcoran in Moscow
25 February 2008
Deutsche Bank’s head of equity sales in Russia, Ian Colville, and his colleague Maxim Achkasov have joined the exodus of senior staff from its Moscow operation.
Deutsche, the leading foreign investment bank in Moscow, has been hit by departures since co-investment banking head Nicholas Jordan left last March for Lehman Brothers.
Colville, who joined the group in 2003, is moving to a private equity fund, New Path Ventures. He will join former Deutsche colleague Michael Stein in Kiev while director of equity sales Achkasov is leaving for a buyside job.
Claus Korner, head of wealth management in Russia, left last month for Icelandic banking group Glitnir. Jordan’s former co-head Ilya Sherbovich is leaving to start an investment boutique. Other leading bankers have resigned to join rivals Dresdner Kleinwort, Citigroup, Morgan Stanley, Renaissance and Macquarie.
Deutsche retained its status as Thomson Financial’s leading equities bookrunner last year in Russia from its involvement in 10 issues worth more than $5.3bn (€3.57bn). The bank has opted to promote from within in response to the war on talent.
A spokeswoman for Deutsche in Moscow was unavailable.
Showing posts with label Nicholas Jordan. Show all posts
Showing posts with label Nicholas Jordan. Show all posts
Monday, 25 February 2008
Monday, 3 September 2007
Lehman Hires Senior Staffers As Firm Returns to Russia
Wall Street Journal
September 2, 2007
By JASON CORCORAN in Moscow
Lehman Brothers Holdings Inc. has made two senior hires in Moscow as part of its plan to launch full investment-banking services in Russia and hire 60 staff by the end of the year.
The U.S. bank has recruited Stan Raskin, director of investment banking at Troika Dialog, as executive director. Mr. Raskin, who worked for Lehman in New York from 2000 to 2002 advising information-technology companies, will help
develop investment-banking services.
The bank also hired Irina Volkova, a vice president at Merrill Lynch & Co. in Russia, as chief administrative officer.
The two are the first senior appointments by Nicholas Jordan, who joined Lehman in April as vice chairman and head of the investment-banking
business for Russia after being wooed from Deutsche Bank with an annual package valued at more than $7 million.
Lehman, which had been serving its Russian clients from London since leaving Moscow after the 1998 financial crisis, moved into new offices near the British Embassy on Moscow's Savvinskaya embankment in July.
The bank is expected to shortly announce other new hires and plans to secure a Russian trading license.
Lehman's return to Moscow after nine years would spell the end of its M&A advisory
tie-up with Russian investment bank Renaissance Capital, according to people familiar with the matter. Lehman Brothers declined to comment.
From Financial News at www.efinancialnews.com.
September 2, 2007
By JASON CORCORAN in Moscow
Lehman Brothers Holdings Inc. has made two senior hires in Moscow as part of its plan to launch full investment-banking services in Russia and hire 60 staff by the end of the year.
The U.S. bank has recruited Stan Raskin, director of investment banking at Troika Dialog, as executive director. Mr. Raskin, who worked for Lehman in New York from 2000 to 2002 advising information-technology companies, will help
develop investment-banking services.
The bank also hired Irina Volkova, a vice president at Merrill Lynch & Co. in Russia, as chief administrative officer.
The two are the first senior appointments by Nicholas Jordan, who joined Lehman in April as vice chairman and head of the investment-banking
business for Russia after being wooed from Deutsche Bank with an annual package valued at more than $7 million.
Lehman, which had been serving its Russian clients from London since leaving Moscow after the 1998 financial crisis, moved into new offices near the British Embassy on Moscow's Savvinskaya embankment in July.
The bank is expected to shortly announce other new hires and plans to secure a Russian trading license.
Lehman's return to Moscow after nine years would spell the end of its M&A advisory
tie-up with Russian investment bank Renaissance Capital, according to people familiar with the matter. Lehman Brothers declined to comment.
From Financial News at www.efinancialnews.com.
Subscribe to:
Posts (Atom)
Posts
