Private Equity Russia

Sberbank Capital is looking to hire 30 bankers as part of its plan to develop a fully fledged private equity group and investment banking unit.

A wholly owned subsidiary of Russia’s largest bank, Sberbank Capital was created in 2008 to hold selected distressed assets of creditors seized by the state-owned savings giant.  The division now conrols a $4 billion distressed asset portfolio, primarily in the metallurgical and energy industries and real estate.  Another $3 billion in projects are currently in the pipeline and being discussed with Sberbank.

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