By Ivan Anderzhanov
Deutsche Bank has boosted its global markets business in Russia with the hiring of Bulent Ilgun as head of treasury and Evgeny Monakhov as head of Russian equity sales.
Ilgun, who joins from Credit Europe Bank in Moscow, will be responsible for Deutsche's industry local rates and fx business in Russia and CIS region. Monakhov, who arrives from Credit Suisse where he ran the EMEA equity sales desk, will be responsible for Russian international and domestic equity sales.
Igor Lojevsky, chief country officer at Deutsche Bank in Moscow, said in a statement: “Russia is a high priority market for us. These new hires will support our position as the leading investment bank in Russia."
EmergingMarkets.me recently reported on a string of hires by the German bank in Russia. The bank hired Igor Sorokin from Troika Dialog, appointing him as vice president in charge of structuring in May. Two analysts, George Buzhenitsa and Natalia Smirnova, also joined from UniCredit Securities.
Other rivals have been plundering from Deutsche Bank. Credit Suisse Group hired three fixed-income specialists from the bank in March while rumours persists that VTB Capital may come hunting again having already lured 100 Deutsche bankers for its ranks.
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