Nick Hutt appointed interim CEO of VTB Capital plc.
Nick Hutt has been appointed interim CEO of VTB Capital plc. He is a key member of the VTB Capital team and has been working in the London office since 2008 as CFO of the company’s international business. Atanas Bostandjiev will be leaving his current position to pursue other business opportunities.
Since its foundation in 2008, VTB Capital has been operating successfully in the international financial markets and has established its main lines of business in Europe, Asia, the US, the Middle East and Africa.
Over the past three years, we have completely transformed our international business, from a Russia distribution house to a pan-regional player winning local-to-local and cross-border business across emerging markets. This has allowed us to establish a diversified and profitable platform. Having successfully completed the investment stage of our development, we are now moving to boost monetization of the platform.
Alexei Yakovitsky, Global CEO at VTB Capital, said: “The changes in VTB Capital’s international business management team are part of our long-term plans. They are in line with the company’s international business development strategy and will be implemented in accordance with the plan which has been adopted.”
Atanas Bostandjiev noted: “This has been a planned decision, which was agreed with VTB Group in advance. I would like to thank VTB Group for cooperation and opportunities. I will now be taking the invaluable experience which I have gained with the bank on to new roles and looking forward to pursuing new opportunities.”
VTB Capital, the Investment Business of VTB Group, is one of the three strategic business arms of VTB Group, along with the corporate and retail businesses. Since its foundation in 2008, VTB Capital has taken part in more than 470 ECM and DCM deals, which were instrumental in attracting more than USD 194bn worth of investments to Russia and CIS.
VTB Capital offers a full range of investment banking products and services to Russian and international clients, focusing on arranging operations in the debt, equity, global commodities markets, developing investment and asset management, advising clients on M&A and ECM deals in Russia and abroad. VTB Capital operates in London, Singapore, Dubai, Hong Kong, Sofia, New York, Paris and Vienna, with headquarters in Moscow.
VTB Capital holds top positions in debt and equity capital markets, as well as M&A, in Russia, CIS and CEE according to the 2011-2013 league tables by Dealogic, Bloomberg and Thomson Reuters.
VTB Capital’s research team was ranked #1 in the Institutional Investor All-Russia Investor Survey in 2014 and Thomson Reuters’ Extel Survey in 2011 and 2012. VTB Capital has been named Best Equities Sales and Trading firm in Russia by the annual Thomson Reuters Extel Survey and Institutional Investor All-Russia Survey since 2011.
This press-release does not constitute an offer to the public or an advertisement of securities in the Russian Federation, is not an offer or an invitation to make offers, to purchase securities in the Russian Federation and must not be passed on to third parties or otherwise made publicly available in the Russian Federation.