By Ivan Anderzhanov
Deutsche Bank is fighting back to regain its position as a leading investment bank in Russia with the senior hiring of Marina Kraschenko as head of Russian equity capital markets.
The German bank, which has surrendered leading positions in equity and debt capital markets to Renaissance Capital and VTB Capital, respectively, has recently been hiring selectively in equity sales, trading and research. The bank was badly winded when VTB Capital plundered over 100 staff for its start-up over two years ago.
Kraschenko rejoins Deutsche having previously worked at United Financial Group, which was acquired by the Germans in 2006. She arrives from United Capital Partners where she has been head of sales and product development since October 2009.
She will focus on rebuilding Deutsche's local ECM franchise, overseeing marketing and execution of IPOs.
Deutsche said the bank is currently ranked number two in EMEA equities, with a 9.9% market, according to a statement today.
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