Research Portal

What We Do


Sova Capital Research provides comprehensive analytical coverage of the Russian and emerging markets economies and investable securities, helping our clients stay ahead of the curve and capitalise on investment opportunities in the equity, fixed income, commodity and derivative products markets


In 2017 we were placed among Russia’s Top 3 research teams as rated by Extel, having claimed the Number 1 spot in the Metals & Mining, Consumer & Retail, Small & Mid Caps and Fixed Income categories


We provide our clients with a wide range of periodic, news-driven, ad-hoc and thematic research products, which focus on macro, equity, fixed income or commodity instruments


We help our clients generate market-beating returns by creating a holistic investment context and utilising a combination of broad top-down views with in-depth bottom-up intelligence

Our research team proactively utilises its vast local knowledge and industry connections to service our clients’ needs. Our leading analysts boast, on average, more than 10 years of experience in financial markets, asset valuation, audit and business consulting.


Mikhail Terentiev,
Head of Research

18 years of relevant experience, incl. 15 years in Equities

Leonid Sinyutin Analyst

4 years of relevant experience

Andrey Mikhailov Senior Analyst,

20 years of relevant experience, including 9 years in Equities

Daria Isakova Senior Economist

8 years of relevant experience in macroeconomics

Artem Zaigrin Chief Economist

9 years of relevant experience covering EM, Russia & CIS Economies

Matvey Tayts Small & Mid Caps,
(Utilities, Transportation)

21 years of relevant experience, incl. 19 years in Equities

Mitch Jennings Senior Analyst,
Oil & Gas

7 years of experience covering RU Oil & Gas

Yuriy Vlasov Senior Analyst,
Metals & Mining, Chemicals

17 years of Global and EM Metals & Mining Equity Research experience

Oksana Mustiatsa,
Analyst, TMT

6 years of relevant experience, incl. 3 years in Equities

Maria Kleimenova Small & Mid Caps,
(Utilities, Transportation)

2 years of relevant experience