Alfa Bank’s Tatarchuk to join the new influx at VTB ?

By Marcus Williams

Vladimir Tatarchuk, co-head of investment and corporate banking at Alfa Bank, has quit Russia’s largest private banking institution and may join VTB, according to a Vedomosti report today.

A number of senior Moscow-based bankers are rumoured to be joining the new wave or recruits at state–controlled VTB Capital, which has grown quickly after initially plundering over 100 employees from Deutsche Bank in Russia.

Bosses at VTB have spoken about increasing the headcount by 40% this year by focussing on senior hires.

Tatarchuk’s departure will leave Ed Kaufman in sole control of the bank’s investment banking and corporate banking arms. The two divisions were merged last year as a part of “revenue opportunity” rather than “a cost issue”, Kaufman told Emergingmarkets.me.

By Marcus Williams Vladimir Tatarchuk, co-head of investment and corporate banking at Alfa Bank, has quit Russia’s largest private banking institution and may join VTB, according to a Vedomosti report today. A number of senior Moscow-based bankers are rumoured to be joining the new wave or recruits at state–controlled VTB Capital, which has grown quickly after ...