By Ivan Anderzhanov in Moscow
Trust Bank has hired Igor Potapov as head of investment banking as it attempts to rebuild its equity brokerage operation.
A source close to Trust confirmed Potapov, a former head of sales trading at Goldman Sachs in Moscow, had been hired recently.
Trust Investment Bank is a mid-tier broker and a subsidiary of National Trust Bank, one of the leaders in retail banking with a presence in 200 cities across Russia.
French bank BNP Paribas had talks about buying Trust last year but a deal faltered after both parties failed to agree on a price.
Several sources close to the bank said that numerous bankers were let go following last year’s banking crisis.