Sberbank CIB fired the head of the analytical unit after the author of the report criticizing Gazprom

The story with the recalled analytical report of Sberbank CIB about Gazprom, which contained sharp criticism of the methods of the gas monopoly, cost not only its author, but also the head of the analytical unit of the investment company - Sberbank Investment Research, Interfax reports. The head of the Sberbank CIB analytical unit, Alexander Kudrin, was dismissed on May 23, the agency was told in the press service of Sberbank.

In the May report by the “main beneficiaries of the Gazprom projects for the construction of gas pipelines, Siberia Power, 2 and the Turkish Stream, contractors were called , including Arkady Rotenberg and Stroytransneftegaz, about 50% of which belongs to Gennady Timchenko and his family.

"The report from May 8 was left our subsidiary Sberbank CIB. The report was issued in violation of the internal regulations of the company, with gross violations of ethical norms. In fact, its author made conclusions from unverified, unconfirmed data, thereby disinfecting the market. That this is irresponsibility or conscious provocation, I can not say. However, our standards of professionalism do not allow us to endure so uncertain unprofessional The actions, therefore, Sberbank CIB made decisions with the author of the report and the persons who allowed the report to leave, ”the press service of the head of Sberbank German Gref quoted this connection.

Analyst Alexander FEK, who wrote a review, was fired the night before. The scandalous report is recalled.

FEK told reporters that the initiative to write a report came from him. The analyst refused to comment on his further employment plans and give the name of the initiator of the dismissal. Gazprom is not related to personnel issues of Sberbank CIB, a representative of the gas company said.

Before his dismissal, FEC analyzed not only Gazprom, but also Gazprom Neft, Lukoil, Novatek, Rosneft, Surgutneftegaz, Tatneft, Transneft and Bashneft. So far, Sberbank Investment Research has not sent reports that the estimates and recommendations of FEC for shares and depository receipts of the listed companies are responding.

FEC became known due to the critical assessments of Rosneft's work in the October 2017 report with an offensive subtitle Rosneft: We Need to Talk ABOUT IGOR (Rosneft: We must talk about Igor). Rosneft called the conclusions of Sberbank Cib “Development of Mania” and the development of mania ”and the development of mania” and "Pathology".

The leadership of the Sberbank investment unit then apologized to Rosneft for the incorrect version of the analytical report sent to the clients, calling the document "invalid." During his preparation, gross violations of the adopted quality standards of analytics were committed, said Igor Bulantsev, senior vice president of Sberbank, head of Sberbank CIB.