Rosneft may entrust Morgan Stanley’s banker Peter O’Brian with the most valuable – its money and IPO.
Photo: Dmitry Dukhanin
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U.S. Banker to Become Vice President at Rosneft
Peter O’Brian of the United States, who is the co-manager at investment and banking division of Morgan Stanley in Russia, will probably take over the 1st vice president’s office at Rosneft vacated by Sergey Alekseev in early February. In Rosneft, Peter O’Brian will be a member of financial and economic pool and supervise preparation of the company’s IPO.
As no employment relations have been yet executed, both Rosneft and Morgan Stanley declined to confirm the appointment. Mr O’Brian has denied to comment as well.
However, the sources in the bank community say the appointment has been actually decided. After Alekseev’s resignation, Rosneft President Sergey Bogdanchikov personally requested Peter O’Brian to find an adequate substitute. Several candidates were put forward but no agreement was reached. The next move was to offer the office to O’Brian himself, said a banker on condition of anonymity.
Peter O’Brian is well-known in Rosneft. Exactly Morgan Stanley evaluated Rosneft when the assets of the latter were contributed to Rosneftegaz past May. Morgan Stanley was one of the four banks that granted $7.5-billion syndicated loan to Rosneftegaz past September. At present, Morgan Stanley is consulting Rosneft before the IPO.
www.kommersant.com
All the Article in Russian as of Mar. 14, 2006
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