Goldman Sachs Group Inc. named Sergei Arsenyev and Dmitri Sedov as co-heads of its investment banking division in Moscow, according to an internal memo obtained by Bloomberg News.
Arsenyev, who joined the New York-based bank in 2000, is focusing on coverage of the government and family offices, the memo said. Sedov, who joined Goldman Sachs in 2007, is “M&A captain for Russia” and is focusing on telecommunications, media, technology, infrastructure, industrials and healthcare in the region, the memo said.
“Sergei and Dmitri will be working closely with Paolo Zannoni and Nick Jordan in their roles of co-chief executive officers of the Russia/Commonwealth of Independent States business,” said the memo, signed by co-heads of investment banking Richard Gnodde, David Solomon and John Weinberg. Monika Schaller, a spokeswoman for Goldman Sachs in Frankfurt, confirmed the memo’s contents by phone.
The appointments come a year after Goldman Sachs was hired by Russia’s Economy Ministry and the Russian Direct Investment Fund as “a corporate broker” to burnish the nation’s image overseas and attract more institutional investors. Jordan was hired from UBS AG as co-head of the Russian business to work alongside Zannoni last March.
The bank also named Tim Talkington as head of its Russian securities unit, according to another memo. Talkington joined Goldman Sachs in 2000 in London and rejoined the firm in Moscow in 2007. He was named head of equities for Russia in 2012. Schaller also confirmed his appointment.