Fund Manager for a newly created Moscow-based Asset Management firm

A newly created Moscow-based Asset Management company which managed a private equity fund decided to strengthen its management team by adding a fund manager.

The $100M fund was launched as a listed investment company. It is focused on direct investments in the equity of enterprises engaged in natural resource related to activities in Russia and the CIS. The Fund’s three focus sectors are: forestry, coal and aggregates.

The fund intended to invite a senior private equity executive at the Director level who as a Board member would take on the responsibility for managing several of the Fund’s investments. The role involved creating business plans, monitoring companies’ portfolio performance and contrasting them to their initial predictions, and taking remedial action where necessary. It required a broad range of skills, particularly financial forecasting and variance analysis.

The search concentrated on two major areas. The first area covered private equity, the analysis department of brokerage houses/investment companies, and the M&A departments in Investment Banks. The second area focused on the corporate finance departments of the Big4 or their equivalent, as well as the corporate finance sectors of large industrial holdings.

After an extensive screening of the market we were able to short list a series of candidates from the two target areas. Finally, the client made an offer to the partner in charge of corporate finance with also a solid experience in the audit field from one of the Big4.

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