Leadership changes in Ernst & Young's Transactions practice in the CIS

Moscow, 8 February 2011 — Ernst & Young, an international professional accounting and business advisory firm, today announced leadership changes in its Transactions practice in the CIS.

Davron Rustamkulov will expand his leadership role of Ernst & Young Transaction Partner to become the CIS M&A Leader. This role is in addition to his current coverage of M&A in Central Asia and Caucasus. Davron has been with the firm since 1995 and brings a great wealth of experience in this area.

Alexander Yerofeyev in addition to his existing role as Restructuring Leader in the CIS, is assuming new areas of responsibility: Project Finance and Debt and Capital Advisory. Prior to the 2008 crisis, Alexander gained a lot of experience and a reputation of a renowned expert in this area.
"Ernst & Young was ranked number one by volume of deals in Mergermarket's league tables for M&A advice. Our reputation as the 'clients’ choice' for integrated transaction advice in Europe and our most integrated geographical structure across Europe, Middle East, India and Africa (EMEIA) distinguished us from our competitors. Bright growth outlooks for mergers and acquisitions make M&A advice one of our competencies," said Hakob Sarkissian, Ernst & Young Partner, Head of Transactions in the CIS.
Project Finance is one of the areas with strongest growth potential in our Transactions business, especially in Infrastructure Financing / Private Public Partnerships (PPP). Ernst & Young's forecasts suggest rapid growth in this area in the coming decade, especially in the CIS.
"Debt and Capital Advisory practice allows us to advise our clients effectively on the full range of financing (and re-financing) related matters - from elaboration of overall funding strategy, through preparation of robust business plans and financial projections down to assistance in selecting finance providers and negotiating with them," added Hakob Sarkissian.

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Ernst & Young expands its services and resources in accordance with clients’ needs throughout the CIS. 3,500 professionals work at 17 offices in Moscow, St. Petersburg, Novosibirsk, Ekaterinburg, Kazan, Togliatti, Yuzhno-Sakhalinsk, Almaty, Astana, Atyrau, Baku, Kyiv, Donetsk, Tashkent, Tbilisi, Yerevan, and Minsk.

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