Russian investment bank VTB Capital has opened an office in New York. The opening, which coincided with the banks investment conference in the city this week, is the latest stage of VTB Capital’s expansion into overseas markets. The bank recently opened offices in Sofia, Dubai, Singapore and Hong Kong.
Paul Swigart will serve as the US-based CEO of VTB Capital, which will transact in Russia and CIS equity and debt securities on behalf of non-US broker dealer affiliates and US institutional investors. VTB Capital will also effect agent transactions in US equity and debt securities and participate in private placements of Russia and CIS equities and debt securities to US institutional investors.
Alexei Yakovitsky, global CEO at VTB Capital, said: “We are sure that the opening of the VTB Capital office in New York will enable us to strengthen our positions in the strategic U.S. market. The U.S. and Russia have developed stable economic relations and VTB Capital is ideally positioned to drive continue the development of these relations by offering high-quality investment banking services to both Russian and U.S. clients.”
(JDC)