Peter Halloran
Encyclopedia
Peter M. Halloran, born , is the founder and CEO of Pharos Financial Group, an investment firm active in the markets of the former Soviet Union. He has been a leader in the development of the Russian capital markets since their inception, bringing more than $8 billion of capital to the region. Halloran aided the development of the Russian capital markets through equity, debt, and private placements, while also influencing Russian bureaucrats and local exchanges to work around outdated Soviet-era laws and allow the Russian capital markets to flow.
Starting in 1993, Halloran pioneered investments into Russia by purchasing nearly 10% of all outstanding privatization vouchers, in 1995 he arranged the first foreign investments into Russian treasury bills (GKO’s), and in 1997 he organized an unsuccessful $2 billion bid for Svyazinvest, Russia’s largest telecom holding company. In 2000 he bought a stake in a fledgling Russian investment bank, Aton Capital
, and transformed it into a leading broker that was later acquired for $424 million by Unicredit of Italy. In 2002 he led Russia’s first domestic Initial Public Offering and in 2004 he launched a $300mm vehicle for investment into restricted shares of Gazprom, the world’s largest gas producer. Halloran has also acted as advisor to Soros Fund Management
. He is currently expanding Pharos into a full service investment company focused on the markets of Russia and the region.
Halloran graduated from Yale University
with a B.A. in History in 1984, and has lived in Moscow
since 1995. Previously, he worked in New York for CS First Boston, Salomon Brothers
, and Morgan, Grenfell & Co.
. Halloran's maternal grandfather was Orvan Hess
, a noted physician and recipient of the AMA Scientific Achievement Award
for his work with penicillin and development of the fetal heart monitor.
Starting in 1993, Halloran pioneered investments into Russia by purchasing nearly 10% of all outstanding privatization vouchers, in 1995 he arranged the first foreign investments into Russian treasury bills (GKO’s), and in 1997 he organized an unsuccessful $2 billion bid for Svyazinvest, Russia’s largest telecom holding company. In 2000 he bought a stake in a fledgling Russian investment bank, Aton Capital
Aton Capital
Aton Capital is one of the oldest investment banks in Russia.Aton offers a wide range of investment, brokerage, asset management, corporate finance and merger and acquisition services on both Russian and international markets....
, and transformed it into a leading broker that was later acquired for $424 million by Unicredit of Italy. In 2002 he led Russia’s first domestic Initial Public Offering and in 2004 he launched a $300mm vehicle for investment into restricted shares of Gazprom, the world’s largest gas producer. Halloran has also acted as advisor to Soros Fund Management
Soros Fund Management
Soros Fund Management LLC is an American, privately held, hedge fund management firm founded in 1969 by George Soros. In 2010 it was reported to be one of the most profitable firms in the hedge fund industry, averaging a 20% annual rate of return over four decades.-Overview:Soros Fund Management...
. He is currently expanding Pharos into a full service investment company focused on the markets of Russia and the region.
Halloran graduated from Yale University
Yale University
Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...
with a B.A. in History in 1984, and has lived in Moscow
Moscow
Moscow is the capital, the most populous city, and the most populous federal subject of Russia. The city is a major political, economic, cultural, scientific, religious, financial, educational, and transportation centre of Russia and the continent...
since 1995. Previously, he worked in New York for CS First Boston, Salomon Brothers
Salomon Brothers
Salomon Brothers was a bulge bracket, Wall Street investment bank. Founded in 1910 by three brothers along with a clerk named Ben Levy, it remained a partnership until the early 1980s, when it was acquired by the commodity trading firm Phibro Corporation and then became Salomon Inc. Eventually...
, and Morgan, Grenfell & Co.
Morgan, Grenfell & Co.
Morgan, Grenfell & Co. was a leading London-based investment bank regarded as one of the oldest and once most influential British merchant banks.-History:...
. Halloran's maternal grandfather was Orvan Hess
Orvan Hess
Orvan Walter Hess was a physician noted for his early use of penicillin and the development of the fetal heart monitor....
, a noted physician and recipient of the AMA Scientific Achievement Award
AMA Scientific Achievement Award
The AMA Scientific Achievement Award is awarded by American Medical Association. It may be given to either physicians or non-physician scientists who have contributed significantly to the field of medical science...
for his work with penicillin and development of the fetal heart monitor.