Rosneft hires Morgan Stanley veterans as Sechin advisers
MOSCOW Nov 12 (Reuters) - Rosneft has appointed a team of Morgan Stanley veterans led by former co-president Walid Chammah as advisers to Rosneft President Igor Sechin, the Russian national oil company said on Monday.
Two top executives from Morgan Stanley's Moscow office, Rair Simonyan and Elena Titova, have also been appointed to advise Sechin, who is carrying out a series of international exploration deals and a $55 billion takeover of BP's Russian joint venture, TNK-BP.
Titova will also become president of a Rosneft-owned bank, the Russian Regional Development Bank, and Chammah and Simonyan will join its board, the statement said.
Chammah and Simonyan told Reuters in separate embargoed interviews that the advisers would develop an energy trading platform as part of a mandate to create a new financial institution out of Rosneft's scattered financial assets.
"Clearly tighter regulation (of derivatives trade) is an opportunity for a new entrant into the trading business," Chammah said.
- Tweet this
- Share this
- Digg this
- Islamic State fighters kill 220 Iraqis from tribe that opposed them
- UPDATE 7-Apple's Cook: "I'm proud to be gay"
- UPDATE 1-Islamic State fighters kill 220 Iraqis from tribe that opposed them
- Bike-riding U.S. nurse defies Ebola quarantine, on collision course with governor
- Apple's Cook: "I'm proud to be gay"
India's universal health plan that aims to offer guaranteed benefits to a sixth of the world's population will cost an estimated 1.6 trillion rupees ($26 billion) over the next four years, a senior health ministry official said. Full Article