Investment Company “Third Rome” has been put up for sale

Investment Company “Third Rome” has been put up for saleInvestment Сompany “Third Rome” can be purchased. The company renders complex services in the sphere of wealth management (broker services, asset management, investment product governance, strategic consulting).

Besides, in November, 2012 the Third Rome established the venture Fund Third Rome Black River Ventures, planning to invest up to $50M in companies and projects at various stages of development, whose business related to e-commerce development and IT-technologies.

According to Vedomosti, the possibility of acquiring successful investment company interested several candidates.

According to CEO Andrey Movchan, the reason by which it is decided to sell the company, is that expectations on liberalization and economic diversification, related to new political force coming to power after elections 2012, have not realized. “When we established the company in 2009, we focused on global markets turn-in, which took place, but we have not expected changes, that took place in Russia after 2011”, - says he.