Russia's Fusion first

Russia's Uniastrum Bank is only 11 years old, and with just over $300 million in assets, it is still relatively small. However, as its plans to bring structured products to Russia's retail market show, it is definitely not parochial. By John Ferry


By all accounts, George Piskov, chairman of Moscow-based Uniastrum Bank, along with his two partners, Oleg Belousov and Gagik Zakaryan, should be designing the next generation of Russian aircraft rather than thinking about structured products and investments. The three men graduated from the Moscow Aviation Institute, but rather than use their technical skills in the airline industry, they chose instead to go into banking. The result was Uniastrum Bank, which they founded in 1994 with just 0.2

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