OREANDA-NEWS. March 26, 2008.  VTB Bank announces the launch  of its new investment bank to be headed by Yuri Soloviev, a high-profile banker with significant experience in investment bank in Russian and international markets. Mr  Soloviev will be responsible for investment banking operations, asset management and private equity within the VTB Group.  

Yuri Soloviev ‘s task will be to create under the VTB brand a key player in the Russian and the CIS markets and a reliable partner for clients in those markets.. 

The new bank will conduct its business in offices located in Moscow, London and Singapore. , VTB Group investment bank may expand its international presence further over time.

Today, sustained economic development in Russia and the CIS is leading to a significant increase in the corporate demand for investment banking products. VTB Group investment bank will be focused on debt and equity securities issuance, M&A advisory services in Russia and abroad, private equity  and asset management. Furthermore, there are plans for developing investment business in commodities trading.

Andrei Kostin, VTB Chairman and CEO said: “During the IPO we stated that establishment of a new structure focused on investment banking servicing in Russia and the CIS was among our major priorities. We see great potential in this sphere. Based on our experience in raising capital and debt we can reach a new level of partnership with VTB customers from among the leading Russian and foreign companies. Organic development of these operations will help us recruit the best employees with strong experience in the required spheres to meet the highest international standards.  I am sure VTB will become a new international banking leader in investment banking business”.