ENERGY investment bank Simmons & Company has concluded its first deal in Moscow and aims to open new bases in the Far East and Middle East as part of an expansion plan to take advantage of surging interest in the energy sector.
The eastern hemisphere operations of the Houston-headquartered bank are run by Colin Welsh, chief executive of Simmons & Co International from the Aberdeen base he set up six years ago.
He declined to disclose details of the first deal from the Simmons’s new Moscow base at this stage but said it has led to a second transaction that has yet to conclude. “Moscow will become an enormous market and you need to be there. The eastern hemisphere is where all key areas of production growth will be,” Welsh said.
Sunday Herald
