Banque Morval has awarded a specialist equity advisory mandate to EC Elbrus Capital Investments effective 1 October 2013.
EC Elbrus is appointed as the investment advisor to Banque Morval in its capacity as investment manager of Willerequity Russia & Eastern Europe (WE Russia & EE), a specialist investment fund of Luxembourg based Willerfunds Management Company SA.
Banque Morval and EC Elbrus management expect the skills and longstanding investment expertise in Russia and the CIS provided by EC Elbrus to strengthen the Banque Morval and Willerfunds SA offer of WE Russia & EE to their investor base and to enable EC Elbrus to extend its reach to UCITS investors.
Banque Morval is an owner-managed Swiss private bank with roots in Switzerland starting from 1974 when it was first established as an independent wealth management company. Banque Morval adopted its current banking status in 1989.
EC Elbrus is a boutique equity investment specialist focusing on Russia and the CIS republics. The firm was incorporated in Cyprus in 2009 following a spin-off of from London-based Polar Capital Holdings. The terms of the spin-off included the transfer to Elbrus of the management mandate of The Elbrus Fund Limited (formerly named Polar Capital Elbrus Fund Limited), an absolute return equity focused offshore investment fund, which the Elbrus investment team has been managing since it was launched in May 2006. Anton Khmelnitski is the founder and chief executive of the firm.