The agency had previously operated in Moscow via an affiliation with Infomost Communication, which will now be renamed CDR Moscow and operate under the CDR brand.
Patrick Donovan, MD of Citigate Dewe Rogerson, said: 'Russia is a strategically important region for us.’ He added that, during the past eight years, Citigate and Infomost have worked on transactions such as VTB, Severstal, VimpelCom and KazMunaiGas.
He said the move was a ‘natural step in strengthening our commitment to one of the world’s fastest growing and ambitious markets’.
The CDR Moscow division will offer financial and corporate comms and investor relations services to international, Russian and CIS businesses.
Boris Rybak, general director of Citigate Dewe Rogerson’s Moscow office, added: ‘As Moscow rapidly develops into one of the world’s financial centres, a demand for world class advisory services is increasing. We look forward to assisting domestic and international businesses with our solid knowledge of the local market combined with CDR’s outstanding experience in the global financial comms arena.’
Citigate said it tops the adviser charts for Russian and CIS IPOs by volume, with more than 25 transactions in the past seven years raising more than $20bn in proceeds.
