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. Last Updated: 07/27/2016

Menatep Trading Firm

Menatep Bank formally announced Thursday formation of the trading firm Alliance-Menatep in partnership with a team of Western-trained managers.

With a capitalization of $10 million, it is the most recent player in a securities sector where Russian banking institutions are gaining increasing prominence.

The group has been trading for about two weeks and is headed by Yury Milner, according to Danielle Downing, director of sales and marketing. Both were educated at the Wharton School of Business.