Moscow 'Tsar' quits CSFB
Saturday 06 May 1995
He will be joined by Stephen Jennings, co-head of the firm's office in Moscow.
The move is a blow for CSFB which, at the initiative of Hans-Joerg Rudloff, former chairman, built up one of the strongest Western banking operations in Russia. With 50 staff and revenues of $100m last year it captured about two-thirds of the $1.8bn investment in to Russia.
Mr Jordan is a leading bull of the volatile Russian market, which he believes will rocket once capital flight, running at $40bn a year, is reversed and foreign investments of about $30bn a year begin flowing in. This, he believes, will happen once Western investors realise "unprecedented profits" are waiting to be made.
However, his ambitions are said to be thwarted by the growing anti-Westernisation among the Russian financial community. He is rumoured to be joining with a Russian partner in an attempt to grow closer to local interests.
Russia's uncertain political and legal situation is not, he insists, an issue. "The Vanderbilts and Morgans were shooting each other in the US at the turn of the century," he was reported as saying. "Look where it is now."
- 1 Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
- 2 Pope Francis issues top 10 tips for happiness – including don’t try to convert other people
- 3 Arturo Vidal to Manchester United: Midfielder set to force through move to Louis van Gaal's Red Devils - reports
- 4 Disney heiress Abigail disowns her share of family profits in West Bank company
- 5 Israel's propaganda machine is finally starting to misfire
Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
Pope Francis issues top 10 tips for happiness – including don’t try to convert other people
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Justin Bieber posts Instagram photo of Orlando Bloom crying after Ibiza fight 'over Miranda Kerr'
Disney heiress Abigail disowns her share of family profits in West Bank company
The secret report that helps Israel hide facts
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Boozy, ignorant, intolerant, but very polite – Britain as others see us
- < Previous
- Next >
iJobs Money & Business
£20000 - £24000 per annum: Harrington Starr: A leading provider of web based m...
£28000 - £32000 per annum: Ashdown Group: Secretary (Sales Team Support) - Mat...
Competitive (DOE): Guru Careers: We are looking for an Assistant Management Ac...
£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...