Sberbank CIB News

Troika Dialog seizes First Place in Extel Focus Russia Survey 2009


Troika Dialog and its team of 35 research analysts has been named leading brokerage in Russia in the prestigious Thomson Reuters Extel Focus Russia Survey 2009, rising from second position in 2008.

An impressive four analysts from Troika Dialog appear in the Top Ten ranking of leading analysts, including metals, mining and chemicals specialist Mikhail Stiskin in first position and oil and gas specialist Oleg Maximov in third. Chief Economist Evgeny Gavrilenkov and Chief Strategist Kingsmill Bond appear in sixth and seventh positions respectively.

Seven of Troika Dialog's individual analysts achieved first position in their sector, with 1st places also achieved in Trading & Execution and Equity Sales. A further five individuals ranked in the top three by sector while six of our teams were placed at the top of their sector overall.

"We could not be more proud of the Troika Dialog research team," said Paolo Zaniboni, Head of research at Troika Dialog, and recently named as the new Head of the firm's London operations. "It is enormously gratifying to take first prize in an independent and highly-regarded survey voted by the investment community."

"It is a well-deserved reward for both the investment we have made in the team, and the intellectual resource now at our disposal as we seek to demystify the macro, sector and company-specific trends impacting the Russian market on behalf of our client base," continued Zaniboni. "This award marks another pleasing milestone as we continue to expand the strength in depth and breadth of our offering and build on our commitment to provide a leading service to our institutional clients."

2009 is the third Focus Russia survey, voted by buyside professionals between March and May in investment firms around the world. It is an international quality benchmark for how Russian research is viewed by industry professionals and is the leading independent ranking of investment market participants. Results and methodology are audited and verified by independent specialists Deloitte and are available online at

Troika Dialog's Research Department is one of the most respected teams researching financial markets in Russia and the CIS. Troika Dialog's analysts consistently take leading positions in equity research rankings by Institutional Investor, Thomson Reuters and "RBC Rating".

For further information please contact:
Vitoria Abramenko, tel.: +7 (495) 258-05-19, e-mail: