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. Last Updated: 07/27/2016

Aton Recruits Team of Top Western Managers

Local investment bank Aton Capital Group has recruited a team of senior Western managers in expectations that the post-crisis market is ready to resume growth nipped in the bud in 1998, the firm said on Wednesday.

Peter Halloran, a former Credit Suisse First Boston banker who helped build that firm into a pre-crisis powerhouse, said in an interview he would become executive chairman and partner.

He declined to say if he was investing in Aton.

Russia looked set to become home to many major Western banks just before the 1998 crisis, which put an end to those plans.

"You are back where you started," said Halloran, expecting increased activity by local companies, as evidenced by recent successful equity offerings by mobile telephone providers Mobile TeleSystems and Vimpelcom. Halloran said Aton’s brokerage was ranked No. 3 by equity sales in Moscow — though Western firms do not tend to report all sales — and was independent.

Halloran said Aton was not in need of an outside partner but "if a Western investment bank were looking to make a move into Russia, I would expect that Aton would be on the short list of candidates, and we would be open to discussions."

Jim Nail, formerly with Soros Fund Management, has been hired as head of research, and Stephen Richards has been hired away from Fleming UCB, where he was head of sales.

At Aton he will be director of international equity sales.

Halloran will also continue to be president of Pharos Russia Advisors, a Moscow-based investment firm, he said.