Russia: Making money in Moscow

With developed markets stagnant, emerging nations hold the globeaeuro's growth prospects. But can expansion in investment banking revenue in Russia keep up with Brazil or China? Should banks in London or New York bloat teams with overpaid expatriates in Moscow - one of the world's most exp...

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Bibliographic Details
Published in:Euromoney 2012-01
Main Author: Dominic Oaeuro (TM)Neill
Format: Article
Language:English
Subjects:
Banking industry
Banks
Borrowing
Capital expenditures
Economic conditions
Economic development
Emerging markets
Equity
Euromarkets
Eurozone
Expatriates
Foreign investment
GDP
Gross Domestic Product
Hedging
International banking
Investment bankers
Investment banking
Investments
Participating loans
Politics
Public private partnerships
Stock exchanges
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Summary:With developed markets stagnant, emerging nations hold the globeaeuro's growth prospects. But can expansion in investment banking revenue in Russia keep up with Brazil or China? Should banks in London or New York bloat teams with overpaid expatriates in Moscow - one of the world's most expensive cities - in anticipation of an investment banking boom in Russia? Even now, indeed especially now, the Bric (Brazil, Russia, India, China) nations are a byword for the rosier prospects awaiting capitalism, outside the traditional centres. Yet some would like to take away the'r' from Bric, arguing that Russia is a country more in decline than ascent.
ISSN:0014-2433