Sterne Agee, the privately-owned US financial services firm, has hired former Deutsche Bank and Merrill Lynch banker Inna Zhuranskaya as a managing director.
The role comprises commercial, residential and corporate real estate transactions.
Zhuranskaya joined Krestco, an advisory firm to opportunistic real estate joint ventures in Europe, in July 2012 after a stint in Deutsche Bank’s asset-backed special situations team with a focus on Central and Eastern Europe (CEE).
Prior to which she spent a significant amount of time with Merrill Lynch Principal Investment Group and the Government of Singapore Investment Corporation (GIC), where she specialised in unlisted and fund deals in the UK and Europe.
At Krestco, Zhuranskaya represented Marquess of Bath Trust fund in acquisition of Wombat’s hostel chain in Austria and Germany and developing subsequent strategy.
At GIC, Zhuranskaya has established a £300m JV with the Unite Group to develop student accommodation in London and Edinburgh.
In addition, Zhuranskaya played a key role in developing IO Group’s UK and pan-European funds and the joint venture between Renova Stroy-Group and European Bank for the Reconstruction and Development (EBRD) to develop a three-star hotel portfolio in Russia.
Sterne Agee is one of the largest and oldest privately held finance houses in the US holding assets in custody in excess of $26bn. It is regulated and authorised by the FCA in London and has traded more than $17bn of distressed debt and bankruptcy claims in the last five years.
The group was set up back in 1901 and has offices in London and in over 30 states in the US and covers everything from asset management and investment banking to personal trust management and broker-dealing.
Sterne Agee has been involved in trading insolvency claims such as Lehman Brothers and the Icelandic claims since 2009, as well as Stanford and MF Global.