VTB Capital to boost its Asian business

By Ivan Anderzhanov

Russian investment bank VTB Capital intends to triple its Asian business by launching operations in Hong Kong and expanding further into China, Vietnam and India,  according to a Reuters report.

VTB Capital currently employs about 30 people in Singapore, its only Asian office, which focuses on placing Russian government and corporate debt with Asian investors. It intends to raise that number to 100 over the next three years by expanding into equity capital raisings, trading and M&A.

VTB Capital currently employs about 750 people globally, up from 600 at the start of 2009. The bank has previously said it will boost numbers by 40 percent this year.

By Ivan Anderzhanov Russian investment bank VTB Capital intends to triple its Asian business by launching operations in Hong Kong and expanding further into China, Vietnam and India,  according to a Reuters report. VTB Capital currently employs about 30 people in Singapore, its only Asian office, which focuses on placing Russian government and corporate debt with ...