North European investment bank SEB Enskilda has expanded its Baltic equities coverage, with four new hires from Swedish rival Swedbank.
The new appointments include sales trader Raido Lillemets, research analysts Pavel Lupandin and Marko Daljajev, and Mihkel Torin, previously responsible for Baltic equity capital markets operation at Swedbank. Torin joins Enskilda's Baltic corporate finance unit. All four hires will be based in the Tallinn office in Estonia.
The new hires follow an optimistic assessment of the Baltic equities markets by the firm's leadership. “We expect that there will be a number of initial public offerings amongst both private and state-owned companies in the Baltic region,” said Henrki Igasta, head of SEB Enskilda's Baltic corporate finance department. “In addition, we expect listed Baltic companies to raise additional capital going forward. Based on these considerations, we are strengthening our market position in equities.”