Wermuth Asset Management has appointed Maarten van den Belt as partner and chief executive officer for Russia.
Belt brings substantial Russian financial sector experience to Wermuth, having held senior positions at financial institutions in Russia over a period spanning more than 12 years.
Jochen Wermuth, managing partner and chief investment officer, says: “Wermuth has more than a ten year history as an independent investment firm focusing on Russia and Eastern Europe. We maintained our commitment to the Russian market through the recent crisis, and have come out even stronger for it. We are continually expanding our presence here, attracting some of the best talent in the market, as we build the leading independent investment advisory firm in Russia.”
Belt joined Wermuth from Visa International in Moscow, where he served as chief executive for Russia. Before that, he was chairman of the board for WestLB Vostok. Prior to that, he spent seven years at Raiffeisen Bank, working for three years as deputy general manager in the Moscow office and four years as general manager in London.
Belt says: “I am extremely pleased to have joined the Wermuth team at such an exciting stage in its development in Russia. There are very few independent advisory firms that can boast the same level of insight into the Russian and global financial market as Wermuth, and I look forward to contributing to the firm’s future growth in Russia.”
