The former EBRD director from Russia, Denis Morozov, was interested in the Russian office of Bank of America Merrill Lynch with his contacts at the state level and experience with large infrastructure projects.
The owner of Eurocement Filaret Galchev lost almost $700 million in a month and a half. This happened after the margin-call of the Sberbank loan, where he had encumbred a 6.12% stake in cement producer LafargeHolcim in January.