The chief economist at VTB Capital and friend of bne Alexey Moisseev has been appointed deputy finance minister of Russia.

file photoAn outstanding economist of his generation, Moisseev was formerly chief economist at Renaissance Capital and more recently was one of the authors of Russias 2020 strategy that is being put in place now.

A liberal and realistic economist, Moisseevs background in investment banking makes his finely attuned to the problems Russia faces and is in extremely strongly position to address the issues that mar Russias international image.

He is one of the new generation of young western trained economists that are filling what Roland Nash (former head of research at Renaissance Capital and Moisseevs colleague and now CIO of Verno Capital) calls a dream team of appointments to the new Cabinet.

I don't know why we are not more excited by the appointments to the Cabinet. You could hardly wish for a better team, says Nash. The only black mark is the uncertainty over how power will be shared with the presidential administration.

Moisseev has been a doyen of the investment banking world for years. He was the first to call the economic problems Russia is currently facing predicting that the government will start to face deficits and budget problems nearly a year earlier than any other economist.

He has already worked closely with the government for several years and especially as an informal advisor to Igor Shuvalov, the current first deputy Prime Minister, which means Moisseevs appointment will increase ties between the hands-on part of the government and the finance ministry.

We at bne are buoyed by his appointment and it only adds to the intellectual weight of the Cabinet and improves the chances for sensible and effective reforms and a continuation of the prudent macroeconomic management that has put Russia in such a strong economic position in these times of general brouhaha.

Keywords: Russia, Economy, Business - Russian News - Russia

The chief economist at VTB Capital and friend of bne Alexey Moisseev has been appointed deputy finance minister of Russia.

file photoAn outstanding economist of his generation, Moisseev was formerly chief economist at Renaissance Capital and more recently was one of the authors of Russias 2020 strategy that is being put in place now.

A liberal and realistic economist, Moisseevs background in investment banking makes his finely attuned to the problems Russia faces and is in extremely strongly position to address the issues that mar Russias international image.

He is one of the new generation of young western trained economists that are filling what Roland Nash (former head of research at Renaissance Capital and Moisseevs colleague and now CIO of Verno Capital) calls a dream team of appointments to the new Cabinet.

I don't know why we are not more excited by the appointments to the Cabinet. You could hardly wish for a better team, says Nash. The only black mark is the uncertainty over how power will be shared with the presidential administration.

Moisseev has been a doyen of the investment banking world for years. He was the first to call the economic problems Russia is currently facing predicting that the government will start to face deficits and budget problems nearly a year earlier than any other economist.

He has already worked closely with the government for several years and especially as an informal advisor to Igor Shuvalov, the current first deputy Prime Minister, which means Moisseevs appointment will increase ties between the hands-on part of the government and the finance ministry.

We at bne are buoyed by his appointment and it only adds to the intellectual weight of the Cabinet and improves the chances for sensible and effective reforms and a continuation of the prudent macroeconomic management that has put Russia in such a strong economic position in these times of general brouhaha.