Euromoney cites Dragon for research

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Sept. 12, 2002, 7 p.m. |
Euromoney, a British financial magazine, has named Kyiv‑based Dragon Capital Ukraine’s best equities brokerage firm in its 2002 Awards for Excellence survey.

The award highlights Dragon’s rapid ascension from a newcomer to Ukraine’s capital markets just two years ago to the country’s leading investment bank today, a company spokesman said.

In its special Awards edition, Euromoney acknowledged Dragon’s brokerage services and the reliability of the KP‑Dragon Index, launched together with the Kyiv Post in 2000.

“Dragon Capital takes the award for best equities house, not just because it is a full‑service brokerage with extensive equity research coverage taking in all the major Ukrainian companies, but also because of its work in developing the KP‑Dragon Index ... This is the first reliable index in the Ukrainian market,” Euromoney wrote.

Euromoney’s annual Awards for Excellence encompass over 80 countries. Besides Ukraine, other former Soviet republics surveyed by the London‑based magazine this year include Russia, Estonia, Latvia, Lithuania, Azerbaijan, Kazakhstan, Kyrgyz Republic and Uzbekistan. Euromoney named Merrill Lynch the world’s best equities house and Citigroup the world’s most improved equities house.

“Euromoney’s rankings are recognized worldwide. The fact that they are based on a survey of leading financial and strategic investors makes us proud that we have attained our goal to provide superior quality services for our clients,” said Tomas Fiala, Dragon’s managing director. “Our award also proves that first‑class financial services can be provided in a challenging environment like Ukraine’s.”

Dragon Capital was founded in spring 2000 by a group of investment professionals with experience in Ukraine and other Central and Eastern European markets. Besides becoming a major player in the nation’s stock market, Dragon Capital is also one of the largest investment banks in Ukraine in terms of corporate finance services. The company has managed mergers and acquisitions and privatization transactions for multinational corporations including Bongrain, Interbrew and Rusal. Currently, Dragon is working on more than a dozen projects for foreign and domestic investors.
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