London’s Oracle Capital takes control of Moscow’s Third Rome | EmergingMarkets.me:
"Oracle Capital Group, a global multi-family office and wealth consultancy, has bought a blocking stake in Third Rome, a Moscow-based wealth manager.
“Third Rome will continue to operate under the Third Rome Group name and brand as a self-managed group of companies. In cooperation with Oracle Capital Group, Third Rome will pursue its growth strategy,” the two companies said in statements without disclosing the sum for which the London-headquartered consultancy bought the stake.
The deal, described as a “strategic alliance” by both firms, has involved a top-tier management reshuffle.
Danilo Lacmanovic, former president of Third Rome, was appointed the firm’s chief executive, replacing Andrei Movchan. Movchan and Oracle chairman Martin Graham became co-chairmen of Third Rome’s board of directors."
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