Corporate Communications

Investment Business of the VTB Group launches Research coverage of the Russian market

15 August 2008

Moscow, 15 August 2008 - The Investment Business of the VTB Group is today launching its coverage of the Russian market.

VTB Capital’s first research report, “OGKs: the best way to plug in”, about the current situation on Russia’s Energy and Utilities market, was published in English today and is now available on It was authored by the Head of Utilities, Dmitry Skryabin, who is well known in the market as one of the best analysts in the sector. Dmitry has been top rated by the leading international and Russian publications (such as Institutional Investor and RBC).

This Utilities research is the first in a series of reports by VTB’s analysts which will cover all sectors of the Russian market. The Research Department has scheduled reports on the Metals & Mining, Oil & Gas, Telecommunications, Banks and Financial Institutions, Retail & Consumer and Real Estate sectors, as well as on Macro Economy and Investment Strategy. These are to be published in August-September 2008.

Andrei Kostin, VTB President and CEO said: “Although it was formed only recently, our 20-strong Research Team has already been in great demand from both local and international investors due to its professionalism, unbiased research and in-depth knowledge of Russian companies. Our goal is to be a leader in market research and a key element for all the Group’s investment and banking services. We aim to provide our clients with world class research reports. Research development is a priority for the Investment Business of the VTB Group, and as such will help us to realise our strategy of further strengthening the Group’s positions in the Russian and international markets.”

Yuri Soloviev, Head of Investment Business of VTB Group, added: “Power and Utilities have become one of the most attractive sectors in the Russian market and information about them is very much sought after by the investor community. We have been working hard to provide the best coverage of all market sectors and shall be publishing more Research in the coming weeks.”

For reference:

Investment Business, VTB Group ( has offices in Moscow, London and Singapore. It focuses on arranging operations in the debt and equity markets, advising clients about M&A deals in Russia and abroad, and developing private investment, as well as operations on the global commodities markets and asset management.

Dmitry Skryabin is a top-rated analyst in the utilities sector with over seven years of industry experience and profound industry insight. Dmitry was named the #1 analyst in his sector in the “All-Russia Research Team 2007”, a survey by Institutional Investor, and was the top Russian utility analyst of 2006, according to RBC. Due to his solid professional skills, he has been a member of the Audit Committee for RAO UES’ Board of Directors and was on the Board of the Wholesale Generating Company OGK 6 from 2004-05.

Dmitry Skryabin is Head of Energy and Utilities in the Research Department of VTB Capital – the Investment Business of the VTB Group. He joined VTB from UniCredit Aton where he had been senior equity analyst in Power Utilities since 2005. Prior to that, he occupied the position of planning manager in the Energy Directorship of Evrazholding (Moscow) (2004-05). Previously, Dmitry was a senior equity analyst in Utilities with FINAM Investment Holding in Moscow (2003-04). He began his career in JSC Energosetproject in Moscow as a senior engineer before becoming an economist (2000-03).
Dmitry Skryabin graduated from The State University of Management (Moscow) with a degree in power industry management in 2001. 

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