Goldman Sachs Bank
Since 2008
Russia
Central Federal District of the Russian Federation
Moscow
6 Haseka Street, 125047
Top managers:
Talkington Timothy John
Content |
Owners
Goldman Sachs Bank Limited Liability Company.
Goldman Saks Bank operates on the basis of Bank of Russia banking license No. 3490 and FSFM licenses No. 077-13216-100000 - for brokerage activities, No. 077-13220-010000 - for dealer activities.
Performance indicators
2022: Loss of RUB 176 mln
The crisis year 2022 brought losses to American investment banks in Russia. According to reports, at the end of 2022, Goldman Sachs Bank recorded losses of 176.6 million rubles. against net profit of 2.1 billion rubles. in 2021
History
2024
Russian "daughter" Goldman Sachs passed the dealer license
In July 2024, the Central Bank of the Russian Federation canceled the license of a professional participant in the securities market to carry out dealer activities of the Russian Goldman Sachs Bank (a subsidiary of the international Goldman Sachs). The license was canceled at the request of the bank itself.
Recovery by the court of 179 million rubles in favor of FC Otkritie
The Moscow Arbitration Court satisfied the claim of Otkritie Bank against three structures of the American banking group Goldman Sachs. In favor of the Russian financial corporation, more than 179 million rubles of interest were collected for the use of other people's money.[1]
2023
Seizure of assets in Russia for 369 million rubles
On December 18, 2023, it became known that the Arbitration Court of the Altai Territory at the suit of AltaiAgroSnab LLC (Barnaul) arrested the assets of a number of companies included in the Goldman Group holding. We are talking about an amount of approximately 369 million rubles.
According to Interfax, AltaiAgroSnab jointly demands to recover from TD Myasnichy LLC, First Procurement Company LLC, AgroElita LLC, AssociationAgroElita LLC and PJSC UK Goldman Group 184.5 million rubles. The plaintiffs' claims are related to the debts of the listed companies for non-delivered goods or refusal to fulfill obligations to supply products.
In addition, AltaiAgroSnab sent a request to the court to seize the property of each of the five specified companies separately in the amount of 184.5 million rubles. This claim was partially satisfied: the court arrested the assets of only LLC UnitedAgroElita and PJSC UK Goldman Group within the amount of debt.
At the same time, Shchelkovo Agrochim JSC (Moscow) filed a lawsuit with the Moscow Arbitration Court to recover 64.4 million rubles from AgroElita LLC. These claims are related to an economic dispute over civil legal relations, the details of which, as of mid-December 2023, were not disclosed.
Established in 1999, Goldman Group's agroholding brings together 12 companies engaged in wholesale and retail petroleum products, cereal/oilseed cultivation and storage, meat and dairy/fermented products production, sale and trade. Interfax notes that in relation to the holding's subsidiaries, their creditors have filed and are considering numerous claims for debt collection and bankruptcy. According to these statements, the property of some companies, including TD Myasnichy and AgroElita, was partially arrested[2]
Arrest of a share in Detsky Mir
On August 7, 2023, information appeared that the Moscow Arbitration Court, at the request of Otkritie Bank, seized a 5% stake in Detsky Mir, owned by the American Goldman Sachs Group.
According to Interfax, Otkritie Bank filed a lawsuit to jointly recover debts from Goldman Sachs International, Goldman Sachs Group and Goldman Sachs & Co LLC in the amount of 614.7 million rubles under a master agreement on a model model document developed by the International Association of Swaps and Derivatives (ISDA). Otkritie Bank demanded the arrest of these funds in all accounts of Goldman Sachs International in any currency in banks in Russia, including Goldman Sachs Bank, Unicredit Bank and Citibank.
Otkritie Bank asked to arrest a similar amount from all three defendants in all accounts with the National Settlement Depository (NSD), Raiffeisen Bank, Rosbank, Absolut Bank and the St. Petersburg Settlement and Depository Center. We are talking, among other things, about securities and derivative financial instruments. In addition, the bank asked to arrest 100% of Goldman Sachs Group's shares in the authorized capital of Goldman Sachs Bank, as well as the group's 37 million 22 thousand 588 ordinary shares of Detsky Mir PJSC, which is 5.01% in the retailer's capital. The assets on which Otkritie asked to seize included minor stakes in a number of public companies on the balance sheet of the Goldman Sachs III SICAV fund (Sberbank, Aeroflot, Gazprom, Lukoil, Magnit, Tatneft, VTB), as well as the property rights of Goldman Sachs & Co in relation to a number of trademarks.
The reason for filing lawsuits was Goldman Sachs International's refusal to "fulfill obligations under the master agreement." The court, having considered the submitted documents, satisfied the bank's statement regarding the arrest of Detsky Mir shares, blocks of shares in Russian companies owned by the Goldman Sachs III SICAV fund, as well as Goldman Sachs & Co property rights in relation to trademarks. The evidence presented by Otkritie confirms the impossibility of recovering the property of Goldman Sachs Group in the Russian Federation in the future. In addition, Goldman Sachs Group will not be able to fulfill its obligations to Otkritie in foreign countries due to the current sanctions (as of early August 2023).[3]
2022: Timothy Tolkington, who has worked in Russia for 17 years, leaves the bank
Top manager of Goldman Sachs in Russia Timothy Tolkington, who has held senior positions in the Russian structure of the investment bank for 17 years, is leaving his post and the group itself, RBC learned in November 2022.
2020
Buying a stake in the Сравни.ру marketplace
On October 19, 2020, it became known about the sale of Oleg Tinkov's stake in the financial aggregator Сравни.ру. It was bought by Baring Vostok and Goldman Sachs. The financial terms of the transaction were not disclosed. The size of investors' shares also remained secret. Read more here.
Investing in the Children's World
On September 15, 2020, it became known that Goldman Sachs became the largest shareholder of Detsky Mir. The American Investment Bank through affiliated structures received ownership of about 8.53% of the Russian company (5.56% owns GS International), which sells goods for children. Previously, the share was 4.53% (including 2.61% for GS International). Read more here.
2014: Bank Management
As of October 2014:
Board of Directors of the Bank:
- Clemens Grafe - Chairman of the Board of Directors;
- Alexander Christoph Dibelius;
- Atanas Dzhumaliev;
- Dermot Mac Donoch.
Management Board:
- Atanas Dzhumaliev - Chairman of the Management Board;
- Shvedov Anatoly Viktorovich;
- Spynu Ruslan Konstantinovich.
Chief Accountant:
- Adamia Ekaterina Konstantinovna
Notes
- ↑ At the suit of Otkritie Bank (No. 12), the Moscow Arbitration Court recovered 179 million rubles from three structures of the American banking group Goldman Sachs
- ↑ The court arrested the assets of Goldman Group for another 369 million rubles
- ↑ The court at the request of Otkrytie arrested a 5% stake in Goldman Sachs in Detsky Mir