15 September 2003 11:37
MDM hires Donnelly to run debt sales
MDM Financial Group, the privately-owned Russian banking group, has strengthened its capital markets franchise with
the hire of Kieran Donnelly as head of international fixed income sales.Donnelly, who joins MDM as a managing director,
previously worked for more than eight years at Standard Bank London where he was most recently head of capital markets
client business. Before joining Standard Bank London, Donnelly was a portfolio manager at Deltec Asset Management.
In his new role, Donnelly will be responsible for primary and secondary market sales of fixed income instruments to
MDM's international clients. He will report to Alexey Panferov, head of investment banking and financial markets at
MDM.
The addition of Donnelly is in line with MDM's strategy of boosting its international profile under the
leadership of Alexandre Kotcherguine, head of international business development.
Panferov said: "Kieran's considerable experience in international capital markets will be a great asset to
the group. Having achieved leadership in both domestic and international primary market issues, and in local secondary
market trading, our focus is now on expanding our international client base."
Donnelly said: "As the crisis of 1998 moves further behind us, interest in Russian fixed income markets is
growing internationally. It is only logical that a Russian bank service this demand."
MDM has made progress in raising its international profile this year. The bank became the first Russian issuer since
the economic crisis to raise funds under a short-term debt programme in June, when the bank launched a $50m (€44m) deal
via HVB Group and Standard Bank London.
MDM is also the only Russian financial institution to have a corporate governance rating from Standard &
Poor's, the international rating agency, and is considering leveraging its improving credit profile to become the
first Russian company to issue asset-backed debt in the international bond market since 1998.
[UKIR [UK & Ireland Intelligence Wire]] |
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