6 April 2010
Private equity fund Brysam Global Partners, one of the largest shareholders of Bank Vozrozhdenie, transferred the owned portfolio of shares to its establisher JPM International Consumer Holding Inc.
Before that Brysam Global Partners L.P. and JPM International Consumer Holding Inc. completed structuring fund’s assets. As a result some of the assets including 9.9% of Bank Vozrozhdenie ordinary shares passed to the ownership of JPM International Consumer Holding Inc., which is one of the subsidiaries of JPMorgan Chase & Co., one of the world’s leaders in financial services.
Specialized private equity fund Brysam Global Partners L.P. became the shareholder of Bank Vozrozhdenie in February, 2008 by acquiring 9.88% of ordinary shares on the open market. The fund invested into the financial sector of emerging markets focusing on the retail sector. Brysam used internal funds as well as attracted other financial institutions as co-investors for investments.
Robert Willumstad, the Senior counselor of Brysam, who was the President and Chief Operating Officer of Citigroup, is a member of Bank Vozrozhdenie Board of Directors since June 2008. In