OREANDA-NEWS. Alexander Zaytsev acquired a 100% interest in the credit rating agency RusRating from Richard Hainsworth and his partners.

Richard, who remained President of the company up until the sale, is moving to Hong Kong, where for more than half a year he has been working on a separate business project: the development of a new rating agency. During this period he sought out an investor who was prepared to take RusRating forward while continuing to uphold the ethical principles that are the foundation of its business.

That role has been taken on by Alexander Zaytsev, a graduate of the State University Upper School of Economics, who holds a senior economics degree and an MBA from the Skolkovo Moscow School of Management. Zaytsev's professional experience includes periods in director-level positions with Sberbank CIB and Troika Dialog; he has also served as Vice-President of Uralsib Asset Management.

After studying market conditions Alexander - a finance specialist - came to the conclusion that there is substantial potential for further development at RusRating.

Alexander and Richard will share their vision of the future for RusRating and the ratings market in general (both in Russia and globally) at a press conference to be held on 6 December at 12:00 in the Ritz-Carlton Hotel (room Istanbul 1).