SOURCE: Institutional Investor

Institutional Investor

June 18, 2013 14:09 ET

Sberbank CIB Debuts at No. 1 on Institutional Investor's Russia Research Survey

Bank of America Merrill Lynch Catapults Into the Top Five for the First Time

NEW YORK, NY--(Marketwired - Jun 18, 2013) - Previously unranked Sberbank CIB takes top honors on the 2013 All-Russia Research TeamInstitutional Investor's annual ranking of the country's best sell-side analysts as determined by the world's leading money managers.

Complete survey results can be found at Institutional Investor's website.

The firm, which was created following Sberbank of Russia's January 2012 acquisition of Troika Dialog, captures 13 total team positions -- one more than the latter claimed last year, when it finished in second place.

Down one notch to No. 2 is VTB Capital, with 12 slots, two fewer than in 2012. Deutsche Bank holds steady in third place despite increasing its team total by three, to ten; while Bank of America Merrill Lynch catapults from No. 10 to No. 4 after picking up four spots, for a total of five. Survey results reflect the opinions of 395 investment professionals at some 275 buy-side firms that oversee an estimated $209 billion in Russian assets.

This year marks the survey's tenth anniversary. Only three analysts have made the team every year: Sberbank's Evgeny Gavrilenkov, on top for a sixth consecutive year in Economics, and Alexander Kudrin, who advances from second place to claim his first appearance in the winner's circle in Fixed-Income Strategy; and Renaissance Capital's Alexander Kazbegi, a runner-up in Telecommunications. Kudrin has amassed 13 appearances to date, having ranked in both External (Foreign Currency-Denominated) Debt and Internal (Ruble-Denominated) Debt before those sectors were merged in 2007.

The individual who has ranked most often is no longer an analyst. Alexey Moisseev racked up 15 appearances -- including eight first-place finishes -- in Economics, Fixed-Income Strategy and predecessor sectors on behalf of RenCap and VTB Capital. He left the latter firm last summer after being named deputy finance minister for the Russian Federation.

For more information contact Alyssa Walker at awalker@iiresearchgroup.com or (212) 224-3677.

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