Sberbank CIB
Sberbank CIB is a multinational investment banking and asset management firm headquartered in Moscow, Russia, and a subsidiary of Sberbank. It was founded in Moscow in 1991, and was formerly known as Troika Dialog.
Sberbank CIB's core lines of business are securities sales and trading, investment banking, private wealth and asset management, retail distribution and alternative investments. The company focuses on markets in Russia and other CIS countries. It operates in more than 20 cities in Russia plus offices in London, New York City, Kiev, Almaty, and Nicosia. Troika Dialog's clients include leading Russian and international companies, financial institutions, government agencies and high-net-worth individuals.
History
Troika Dialog was founded by the American Peter Derby in 1991. He served as President and CEO of Troika Dialog from 1991 to 1996 and as Chairman from 1996 to 1997. Previously, he helped found DialogBank, which was the first licensed private Russian bank for international banking, serving as CFO of DialogBank in 1990, became President and CEO from 1991 to 1997, and was Chairman from 1997 to 1998.From 1997 to 2002, its executive director was :ru:Мовчан, Андрей Андреевич|Andrei Andreivich Movchan and its managing director for investment banking was :ru:Скворцов, Сергей Викторович|Sergey Viktorovich Skortsov.
From 2003 to 2006, its executive director was Sergey Skortsov.
From April 2006 to March 2013 when he became a Managing Director for Investments of the State Corporation Russian Technologies in April 2013, Sergey Skortsov was Troika Dialog's main partner and the president of Troika Capital Partners, which manages private equity and venture capital funds as well as Troika Dialog's own investments
Troika Dialog has been privately owned by 109 employee partners. In March 2009, the company announced a strategic alliance with Standard Bank Group under which Standard Bank will become a 36% shareholder in Troika Dialog. In March 2011, Sberbank agreed to acquire Troika Dialog for US$1 billion, through the purchase of a 63.6 percent stake held by a shareholder group led by Ruben Vardanyan, and a 36.4 percent stake held by South Africa's Standard Bank. In 2012 the brokerage firm has been acquired by Russia's biggest bank, Sberbank, for US$1bn and continued operation as a part of its investment banking division.
Troika Laundromat
Also known as ŪkioLeaks, Troika Laundromat was a collection of 70 offshore shell companies whose controllers used them to move billions of dollars of private wealth from Russia to the west. About $4.6bn was paid into the Troika network, and a similar sum was paid out of it. It was operated by staff at an independent arm of the Russian investment bank Troika Dialog, which has now been merged with one of Russia’s two big state-owned banks. The network was like a washing machine: money arrived from many sources. Most transfers were at Lithuania’s Ukio Bank, closed by the authorities in February 2013.Operations
Capital markets
Equities. The company is active in Russian equity sales and trading. Sberbank CIB's equity desk serves global and domestic institutional investors and hedge funds as well as corporate investors and private individuals. The company makes markets well before the open in Moscow and continues to make prices through the close of New York trading.Fixed Income. The company is the most active operator on the secondary ruble bond market and a highly active participant in the secondary Eurobond market. The company provides its clients with custody and clearing services for debt instruments, including settlement and clearing facilities DVP Euroclear. The company plays an active role in the Ukrainian and Kazakhstani debt market and provides services for organizing bond issues.
Derivatives and Structured Products. The company, as the founding trading member of the RTS-FORTS index futures, continues to develop its role in the Derivatives market place. The company provides trading liquidity in Russian index futures, index options and stock options that trade in London or Frankfurt. Troika's Structured Products Group is focused on three main areas: issuing platforms with an extensive use of derivatives, hybrid debt instruments with equity participation structures, and securitization.
Treasury. The company Treasury's key line of activity is hedging currency, interest rate and commodity risks faced by clients. Troika also provides corporate clients with short-term funding through REPO. Also, companies may place temporarily available funds through reversed REPO to get additional income.
Research
The company's analysts actively monitor over 300 companies and provide in-depth analysis of 150 of the most important listed Russian, Ukrainian and Kazakh firms. The company's research product range includes equity, fixed income and options coverage through a broad range of publications which include market dailies, strategy and economic monthlies, long term thematic industry pieces and individual company desknotes or reports.Investment banking
The company provides M&A services, including mergers, sell and buy-side advisory, leveraged buyouts, joint ventures, strategic alliances, and fairness opinions. It provides clients with services including arranging and leading primary bond issues and secondary market trading and in-depth Fixed Income market research. Troika has managed and been involved in the largest and most visible transactions by Western and Russian companies, both blue chip and rapid growth issuers, such as RAO UES of Russia, Russian Railways, AvtoVAZ, KamAZ, Sukhoi Aviation Corporation, Novorossiysk Commercial Sea Port, Power Machines, NOVATEK, URSA Bank, Vozrozhdenie Bank, Vimpelcom, IBS, Pharmacy Chain 36.6, Wimm-Bill-Dann, Nidan, World Class, Fortum, among others.Asset management
Founded in 1996, Troika Dialog Asset Management is a Russian asset manager. The company offers mutual funds, individual accounts and other financial services to private investors, insurance firms, pension funds and major companies. Troika Dialog Asset Management services a number of state funds: the State Pension Fund of the Russian Federation, the Deposit Insurance Agency, the Federal Public-State Fund for the Protection of Investors’ and Shareholders’ Rights, and the Cumulative Mortgage Housing Provision System for Servicemen in the Armed Forces.Personal investments and finance
The company provides customer service to wealthy mass clients, offering a range of products: mutual funds, internet trading, individual brokerage, managed accounts, equity funding and pension savings management. The company is active in the mutual fund market and offers investment-based life insurance. In addition to the company's own client service network, Troika Dialog has developed a network of agent banks.Alternative investments
Troika Capital Partners is an alternative investment business. The group manages over $800M in PE and VC funds on behalf of a diversified group of LPs, including banks, FoFs, insurance companies and family offices. TCP predominantly invests in later-stage development and buyout situations. The primary focus is consumer-driven and technology enabled sectors.The Russia Forum
Since 2008 Troika Dialog organizes annual three-day forum held in Moscow – “The Russia Forum”. The Forum follows a similar format to that of the Davos meeting of the World Economic Forum in bringing together representatives of the international investor's community, Russian political and business leaders, public figures, celebrities and media to discuss Russia's involvement the challenges facing Russia and the global economyUS, EU, Switzerland, and Ukraine sanctions: 2014-2017
After the annexation of the Crimean Peninsula by Russia in 2014, the Obama administration imposed sanctions on 12 September 2014, through the US Department of Treasury's Office of Foreign Assets Control by adding Sberbank and other entities to the Specially Designated Nationals List. This was done in concert with 31 July 2014 addition of Sberbank to the European Union sanctions list. Sanctions consist of access restriction to the EU and US capital markets.On 27 August 2014, Switzerland imposed sanctions on Sberbank, its subsidiaries, and other Russian financial institutions.
On 22 December 2015, the United States imposed additional sanctions on Sberbank and its subsidiaries.
On 17 October 2016, Ukraine imposed sanctions against Sberbank Russia, Sberbank Leasing, and their payment systems Kolibri, formerly Blitz and Sberbank subsidiaries.
On 15 March 2017, the president of Ukraine imposed sanctions on Sberbank and its subsidiaries as part of its continued sanctions on Russia for its annexation of Crimea and involvement in the War in Donbass.