Rosneft hires Morgan Stanley veterans as Sechin advisers

MOSCOW Mon Nov 12, 2012 8:19pm IST

Related Topics

Stocks

   

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.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

COAL BLOCK ALLOCATIONS

REUTERS SHOWCASE

Financial Inclusion

Financial Inclusion

Modi to launch plan for every Indian household to have bank account .  Full Article 

E-Commerce

E-Commerce

Ratan Tata invests in online retailer Snapdeal.  Full Article 

Sugar Talk

Sugar Talk

Sugar export rebound at risk from rising domestic prices.  Full Article 

GDP Preview

GDP Preview

Economy likely grew faster in June quarter: Reuters poll.  Full Article 

New Ordeal

New Ordeal

After disasters, stricken Malaysia Airlines staff brace for job cuts.  Full Article 

Deal Talk

Deal Talk

Kleiner to invest in messaging startup Snapchat at near-$10 bln valuation - report.  Full Article 

Safety Net

Safety Net

SEBI revamps trading safety-net rules.  Full Article 

Expert Zone

Expert Zone

Column - Why inflation is so persistent.  Full Article 

Fraud Investigation

Fraud Investigation

IMF's Lagarde put under investigation in French fraud case.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage