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. Last Updated: 07/27/2016

UFG Hires 5 New Top Executives

United Financial Group has hired five executives in a move to strengthen its equities and corporate finance business.

The new staff members came from Nomura International, Dresdner Kleinwort Wasserstein, Lynch Merrill International and Renaissance Capital, the investment bank announced last week.

"The caliber of these appointments reinforces UFG's commitment to being the leading investment bank in the rapidly developing Russian economy," UFG chief executive Charles Ryan said in a statement.

Martin Smith was appointed head of equity product after working as director for equity sales and trading in EMEA emerging markets and West European securities at Nomura International in New York.

Benedict Morgan was named managing director and head of the oil, gas and energy team. He previously worked as managing director and head of the natural resources corporate finance team at Dresdner Kleinwort Wasserstein in London.

David Walker joined UFG as a managing director in investment banking. He also came from Nomura International in London, where he was director of investment banking.

John Lewin was appointed chief operating officer of United Financial Group Ltd. in London. Earlier he was managing director and chief operating officer at Renaissance Capital.

Nur Pekin was named director of UFG Ltd. in London. She was previously director of emerging-market equity sales at Merill Lynch, responsible for emerging Europe and South Africa.

United Financial Group was named the No. 2 institutional investor in Russia in 2000, 2001 and 2002 by the All-Europe Research Team.

UFG competitor Renaissance Capital has appointed Richard Hainsworth vice president of research, the company announced Friday in a press release. He will be covering the Russian banking sector. Hainsworth moved to Renaissance Capital from Citibank, where he was a consultant on Russian banking.