Developing Russia's financial sector

­With the global financial crisis of 2008–2010 underlining the need to develop the Russian financial sector, the call by President Medvedev to place Moscow on the map of global financial centers has met a range of replies – from disparagement to support for what is seen as a legitimate need for corporate Russia. On the Money spoke with industry players to look at the issues involved.

Peter Lavelle's guests are:

Alexey Moiseev, VTB Capital, head of macroeconomic analysis. Before joining VTB Capital’s Research team Alexei Moiseev has worked as an analyst at both Russian and international financial institutions, after starting his career at the Central Bank of Russia. Prior to VTB, Moiseev was head of Head of Fixed Income Research at Renaissance Capital for six years.

Hawk Sunshine, IFC METROPOL, managing director; Portfolio Investments. Hawk Sunshine has worked in Russian capital markets since 1997 (for Sovlink, DeutscheBank, Rosinter). In 2005 he joined IFC Metropol, having previously been head of international equity sales, head of equities, and head of investment banking, in 2010 Sunshine became head of portfolio management.

Julia Tsepliaeva, BNP Paribas, head of research, chief economist on Russia & CIS. She joined BNP Paribas in 2010 as a chief economist for Russia and CIS, and leads the Moscow-based Analytics department of the BNP Paribas. In this role she is responsible for Russian macroeconomic analysis and forecasting, and wider regional economic and political trend analysis for BNP Paribas clients.

Daniel Salter, UniCredit Securities, chief EMEA equity strategist. Appointed in 2010 to co-ordinate UniCredit’s EMEA strategy product, Mr. Salter previously worked for Deutsche Asset Management, where he was promoted to portfolio manager. He has lived in Moscow since 2000, where he initially headed up ABN AMRO’s Russian equity business. Before joining UniCredit in 2010, Mr. Salter spent seven years at ING as emerging markets equity strategist.