Ex-Nomos CEO moves to Uralsib Asset Management in Russia

Yury Belonoschenko has left his position as chief executive at Russia’s Nomos Bank Asset Management to join UralSib Asset Management as chief executive officer.

From November 23, Belonoschenko (pictured) will assume his new post, taking on the responsibility for the management of all traditional financial assets.

He takes the top management position after Alexander Pugach, previous CEO, left the company in May, having worked there for 17 years.

Eduard Koluzanov, who managed the company after the departure of Pugach in May, will return to his duties as head of business support and development department.

Yury has worked in the financial industry since 1997. Before Nomos Bank, he has also held positions at two of Russia’s most prominent investment companies, Aton and Troika Dialog.

Andrey Uspensky, vice president of UralSib and head of the wealth management business, said Yury’s addition to the team will help the firm “strengthen [its] market position and allow it to adapt to the new conditions in the asset management industry.”

UralSib Asset Management is one of the largest and oldest asset management firms in Russia. It was established in 1996, at the birth of Russia’s financial market following the collapse of the Soviet Union.

It now has 59,000 private and institutional clients across Russia and employs more than 140 professionals.

To local clients, the firm offers retail funds, professional institutional account management for pension and corporate accounts, and wealth management for high net worth clients.

It also has a growing range of offshore funds for international clients.

Its expertise covers large, small and mid cap equities, fixed income, specialized and balanced mandates and real estate management.

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