Chris Weafer, the former chief strategist at UralSib Financial Corp. in Moscow, has been hired by brokerage Troika Dialog, according to two people familiar with the matter.
Weafer, who was head of research at Troika in the late 1990s, is returning to Russia’s oldest investment bank, said the people, who declined to be identified because the move hasn’t been made public. He will join as chief strategist to replace Kingsmill Bond, who left in March to join Citigroup Inc., the people said.
Rated Russia’s top equity strategist by Thomson Extel in 2007, Weafer has been working as head of Russia research and chief strategist at ING Groep NV in Moscow since June. He was appointed chief strategist at UralSib in 2007 after a stint with Alfa Bank, Russia’s largest non-state lender, according to a biography on UralSib’s website.
Maria Zhog, a spokeswoman for Troika, declined to comment when contacted on her mobile phone. Weafer did not return phone calls or e-mails seeking to confirm the move. Niall Carton, head of investment banking at ING, was on holiday and could not be reached for comment. Svetlana Saitova, a Moscow-based spokeswoman for the bank, declined to immediately comment when contacted by phone.
Troika, which is being acquired by Rusisa’s largest lender, OAO Sberbank, today said it had recruited James Corrigan from VTB Capital for an investment banking role. On Aug. 2, the bank said it had hired Olga Klimov from UBS AG in New York as its new global head of equity sales.