Troika Dialog snaps up TNK-BP deal adviser
The Russian/CIS bank is the second within a month to bolster its investment banking division by making another senior hire.
Troika Dialog, the oldest and largest private investment bank in the CIS, has snapped up a Russian market investment banking specialist and one of the advisers on the historic $5 billion TNK-BP deal, to bolster its investment banking division.
David Walker is now managing director of Troika’s investment banking division and will report to co-heads Igor Sagiryan and the newly appointed Todd Berman.
Walker has accrued more than 25 years of experience in investment banking, with the last decade dedicated to the Russian capital markets. He has moved directly from Citibank, where he was the managing director of investment banking for Central and Eastern Europe, the Middle East and Africa.
Prior to that, he was managing director at Deutsche Bank in Moscow, where he was responsible for building one of the largest investment banking teams in Russia and advising on some of the biggest deals in the market, including the $5 billion TNK-BP transaction.
Walker is the latest in a line of senior hires the bank has made in its expansion of its investment banking team, in the wake of Sberbank buying the group for $1 billion. So far this year, Troika has hired Chris Weafer as chief strategist, Olga Klimova as global head of equity sales, and James Corrigan and Anton Malkov as managing directors in investment banking. Most recently, Berman joined Troika as co-head of investment banking.
Recently, Euromoney revealed exclusively that competitor Renaissance Capital, originally founded as a Moscow-based investment bank, hired highly rated Morgan Stanley veteran John Hyman as co-head of investment banking.