Rosneft is preparing to recruit an American investment banker, Peter O'Brien of Morgan Stanley, as a senior executive to head the state-owned Russian oil giant's preparations for what could be the world's biggest initial public offering.
First Merril Lynch's Alan Vine joins Nafta Moskva board as Chairman. I expect that he will have the same success as all the other investment bankers reinvented as private equity guys - who cares the salary is fantastic. A couple moles in ML say that it may the most celebrated resignation this year/decade. Another IB to Private Equity jump is about to occur in the incestuous world of Russian private equity - but the news is embargoed to the end of the month.
Then Rosneft set to hire O'Brien to head IPO.
Investment bankers joining the PE bandwagon - a strong contra-indicator to continued strong growth?
Rosneft is preparing to recruit an American investment banker, Peter O'Brien of Morgan Stanley, as a senior executive to head the state-owned Russian oil giant's preparations for what could be the world's biggest initial public offering.
I thought "incestuous" was a particularly apt description ;-)
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I thought "incestuous" was a particularly apt description ;-)
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