UK investment bank Barclays Capital is steadily growing its Moscow operation and is getting set to hire new teams for equity capital markets and mergers and acquisitions.
BarCap currently has about a dozen bankers in Moscow working in debt capital markets.
Speaking to Financial News, Barcap chairman Hans-Joerg Rudloff said: “Eventually we want to have full teams for the full range of equity markets and M&A but it’s too early to say how many we are going to recruit.”
Barclays’ retail banking business acquired Russian lender Expobank in March last year for $745m. It has rebranded and revamped Expobank’s 36 branches in western Russia.
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