VTB Capital has hired Jim Rogers as an adviser to its agriculture division, which is part of the firm's global private equity department.
After graduating from Yale and Oxford University, Rogers co-founded the Quantum Fund, a global investment partnership, alongside George Soros. Rogers also served as a professor of finance at the Columbia University Graduate School of Business. He developed the Rogers International Commodity Indices in the late 1990s and is the chairman of Rogers Holdings and Beeland Interests.
VTB Capital Private Equity recently launched an investment platform to capitalise on opportunities in the agriculture market. Having identified potential in the Russian agriculture market the firm plans to attract $500m (€382.7m) to $1bn of investment.
According to VTB, Russia and the broader CIS region is developing into a global agriculture superpower with its proximity to China, Middle East and North Africa, resulting in it taking a leading role in the export of key agricultural commodities such as wheat, barley, corn and sunflower oil. With global food demand requiring an additional 70 per cent of total production by 2050 the region is set to play a significant role in meeting a substantial portion of this demand, with VTB claiming it will surpass the US as the world’s largest wheat exporter by 2020.
“Jim Rogers is a global icon and thought leader in commodity investment trends,” commented Tim Demchenko, global head of private equity and special situations at VTB Capital. “Jim sees the investment opportunity in regional agriculture resulting from its low-cost, highly fertile cropping land, potential productivity gains, abundant water supply and close proximity to the high demand regions of MENA and China via established shipping routes.”
“Russia and the CIS region have all the ingredients needed to become the world’s agriculture powerhouse,” added Rogers.