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| Mikhail Fridman |
Teneo Strategy is slated to receive a $150K monthly retainer from LetterOne Investment Holdings, the Luxembourg-based firm co-founded by Russian billionaire Mikhail Fridman.
The assignment to provide strategic counsel and stakeholder outreach to LetterOne and its board members began Sept. 1.
Teneo’s engagement letter calls for scheduling media interviews, assisting with media briefings and coordinating stakeholder relations. It will not act as a political consultant.
Senior managing directors Paul Gallagher, former head of Burson-Marsteller’s US crisis practice, and Kathleen Lacey, one-time executive VP for influencer engagement at Edelman, head the five-member LetterOne team.
Forbes estimates Fridman, who controls the Alfa Group, Russian’s biggest financial and industrial investment firm, is worth $15B.
He was a member of the US Treasury’s “oligarchs watchlist,” according to Reuters, but was never hit with sanctions.
Florida’s Corvus Strategic Partners has signed to represent the interests of Colombia regarding its relations with the US.
Gunster Strategies Worldwide is representing the interests of the Chagossian Government in Exile, which opposes the planned UK transfer of the sovereignty of the Chagos Archipelago, which hosts the joint UK/US military base, to Mauritius.
Brownstein Hyatt Farber Schreck has inked a six-month agreement with NATO-member Iceland to provide strategic advice on how to navigate engagements with the US government.
BGR Government Affairs has a $1M contract to provide strategic guidance and PR representation to the Republic of Guinea.
The Japan External Trade Organization has hired DB3, the legacy firm of Senate Majority Leaders Tom Daschle and Howard Baker, for a comprehensive report assessing the "current state of play" in DC.
