URALSIB Announces New Appointments in Global Equities

MOSCOW, August 1, 2012 /PRNewswire/ --

URALSIB Capital, the investment banking arm of URALSIB Financial Corporation, one of Russia's leading financial groups, announces new hires aimed at providing expanded and improved investment services to international clients and establishing a firm foothold in the DMA market. Kirill Yankovskiy has been appointed Director Equity Sales and Andrew Powell has been appointed Director DMA Sales.

The new appointments underline URALSIB's commitment to attract international investors to the Russian equity market and provide greater opportunities to European clients seeking direct access to the Russian market as one of the most stable and promising developing markets, which is still not oversaturated with foreign players. Kirill and Andrew's primary tasks will be to ensure safe and reliable sales coverage for European investors in the Russian securities market and support the group's equity market initiatives in Europe.

"We are tremendously optimistic about the new managers starting out with us," Mark Temkin, head of URALSIB Capital, said. "Our new hires have a wealth of experience that is tuned to understanding and meeting the needs of European clients. They have worked previously in leading financial companies and their successful career paths demonstrate their abilities to affect the way their companies developed in a material way. Furthermore, they both showed great loyalty and pride in working for their former companies, which are characteristics highly valued by URALSIB in helping us to meet our collective, as well as individual, goals. Understanding European investors' needs and offering them the best opportunities that the Russian market can provide is one of our principal strategic goals. Making these hires, with their unique mindset about global equity markets, profound experience in the financial sphere and result-driven work ethic, is a step towards achieving our strategic objectives."

About URALSIB Capital:

URALSIB Capital is the investment banking arm of URALSIB Financial Corporation, one of Russia's largest and best-established financial services groups and a leading player in commercial banking, investment banking, asset management, private banking and leasing.

URALSIB Capital brings together deep knowledge of Russian capital markets with a presence in global financial centers including London, New York and Cyprus. This combination of local expertise and international distribution capabilities enables it to offer comprehensive financing solutions to its domestic and international clients.

The bank's fixed income offering includes research, underwriting, and sales and trading. It has extensive experience in ruble REPO transactions, and a market-leading position in the primary and secondary ruble bond markets, as well as being active in the euro bond market. URALSIB Capital is also a major participant in the development and trading of Russian derivatives.