Sberbank pushes merchant banking

Sberbank pushes merchant banking

Published: July 30, 2012

Russian bank forms new business segment through integration of Troika takeover.

Russia's Sberbank has announced a new merchant banking division, formed through merging its own Sberbank Investment team with the Strategic Projects department at Troika Dialog, the investment bank it recently acquired.

The team at Sberbank Merchant Banking will be charged with creating a high-yield securities portfolio for clients of the group's corporate and investment banking division, covering shares, derivatives and structured instruments.

The new subdivision will be headed by Oscar Ratsin, formerly Troika Dialog's managing director and deputy head of investment banking.

"Currently the portfolio of Sberbank Investments includes the securities of major infrastructure, construction, pharmacological, and oil industry companies," said Ratsin in a statement. "We plan to further grow and diversify our investment portfolio by adding securities that possess high growth potential, from various sectors of the economy.

"We are not offering to invest in controlling stakes of companies or to extensively manage their operating activities. We see ourselves as a natural partner for Russian companies searching for new financing opportunities as well as for international companies looking to enter the Russian market.”