Russia Bear Jim Rogers Joins Russia's VTB Capital Agriculture Division

09-25-2012 • http://lewrockwell.com, by Ben Aris

"Russia and the [Commonwealth of Independent States] region have all the ingredients needed to become the world's agriculture powerhouse. It seems that everything may now be coming together under VTB Capital to make this happen, so I am keen to participate," Rogers, who is also chairman of Rogers Holdings and Beeland Interests, said in a statement, issued by the bank on Tuesday, September 19.

Best known for co-founding the Quantum Fund with George Soros in the 1970s that "broke" the Bank of England, forcing the UK out of the Exchange Rate Mechanism in 1992, Rogers recently had an epiphany and said in an interview with CNBC in August: "I do not invest in Russia now, but for the first time in my life I have started considering it."

Since it was founded in the aftermath of the 2008 crisis, VTB Capital has quickly grown to become Russia's leading investment bank, dominating the equity, fixed income, and mergers and acquisition business in terms of volumes of deals, according to Dealogic.