Maarten van den Belt Named CEO and Partner at Wermuth Asset ManagementBy Wermuth Asset Management wam, PRNE
Sunday, November 21, 2010
MOSCOW, November 22, 2010 - Wermuth Asset Management (WAM) is pleased to announce the appointment of
Maarten van den Belt as Partner and CEO for Russia. Maarten brings
substantial Russian financial sector experience to Wermuth, having held
senior positions at leading financial institutions in Russia over a period
spanning more than 12 years.
Commenting on the appointment, Jochen Wermuth, Managing Partner and Chief
Investment Officer, said: "Wermuth has more than a 10 year history as an
independent investment firm focusing on Russia and Eastern Europe. We
maintained our commitment to the Russian market through the recent crisis,
and have come out even stronger for it. We are continually expanding our
presence here, attracting some of the best talent in the market, as we build
the leading independent investment advisory firm in Russia."
Maarten joined Wermuth AM from VISA International in Moscow, where he
served as CEO for Russia. Before VISA International, he was Chairman of the
Board for WestLB Vostok. Prior to that, he spent seven years at Raiffeisen
Bank, working for three years as Deputy General Manager in the Moscow office
and four years as General Manager in London. Before joining Raiffeisen,
Maarten spent eleven years with ING Bank in Amsterdam, London and Tokyo.
Maarten van den Belt said: "I am extremely pleased to have joined the
Wermuth team at such an exciting stage in its development in Russia. I fully
support the firm's commitment to delivering value to its investors in an
ethical and sustainable way. And I believe there are very few independent
advisory firms that can boast the same level of insight into the Russian and
global financial markets as Wermuth."
ABOUT THE COMPANY
Wermuth Asset Management GmbH, founded in the late 1990's, is a German
family investment firm that acts as an adviser on alternative investments in
Eastern Europe and primarily Russia. WAM headquarters are located in
Wiesbaden, Germany with a branch in Moscow where most of the principals are
WAM is the exclusive Investment Advisor to several funds and SPVs whose
investors include high net worth individuals, family offices, funds of funds,
banks, pension funds, endowments and sovereign wealth funds.
The interests of WAM's clients are aligned with those of WAM principals
and staff through co-investments in funds, payment of performance-related
bonuses in locked-up fund shares, and cost efficient operations.
The Company manages $300 million in assets in Russia/CIS listed debt and
equity, private equity, real estate, agriculture and forestry.
For further information, please contact: M: Communications Tom Blackwell Tel: +7-495-663-8009 Email: Blackwell@mcomgroup.com Ed Orlebar Tel: +44-20-7920-2330 Email: Orlebar@mcomgroup.com
For further information, please contact: M: Communications: Tom Blackwell, Tel: +7-495-663-8009, Email: Blackwell at mcomgroup.com; Ed Orlebar, Tel: +44-20-7920-2330, Email: Orlebar at mcomgroup.com
Tags: Moscow, November 22, Russia, Wermuth Asset Management (wam)