URALSIB Capital holds investor conferences in London and New York

From November 15 to 19, 2010, URALSIB Capital held its annual conference for foreign investors in London and New York. The conference – The Other Russian Economy – Discovering growth opportunities beyond commodities – focused on the consumer theme.

Summarizing the outcome of the conferences, the CEO of URALSIB Capital, Mark Temkin, was very positive: “In a mere four days – he noted – we held more than 200 meetings between Russian companies and foreign investors. We managed to convince investors that the Russian economy is recovering after the recession at a very fast pace. Such industries as retail, financial services, and telecommunication technology are currently showing impressive growth – on average 10-15% per annum. Apart from that, we have demonstrated to the overseas community that companies outside of energy and commodities have matured enough to warrant interest and they possess substantial growth potential”.

The conference was attended by more than 60 American and European investors – specifically, representatives of investment funds, hedge funds, major international funds, as well as those specialized in investments into emerging markets. Top managers of 17 leading Russian companies coming from industries other than energy and commodities came to London and New York to tell investors of their growth potential. Russian participants included telecommunication and media companies such as AFK Sistema, IBS group and CTC Media; Russian banks – VTB and URALSIB bank; retail companies – Pharmacy Chain 36.6 and Razgulay Group; transport companies – Aeroflot and Globaltrans; developers – PIK Group and LSR Group; and companies from utilities sector – RusHydro and Federal Grid Company among others. One-on-one meetings as well as small group discussions helped to create an atmosphere of trust and allowed the companies to have detailed discussions.

November 24, 2010