
Roland Nash, chief investment strategist at Verno Capital, pauses during the VTB Capital conference in London, U.K., on Wednesday, June 1, 2011. Russian companies should expect more competition from emerging markets as they pursue initial public offerings, said Andrei Kostin, the chief executive officer of VTB Group, the country's second-biggest lender. Photographer: Simon Dawson/Bloomberg *** Local Caption *** Roland Nash
Simon Dawson/Bloomberg