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Today, VTB Capital announced that the process of registration of VTB Capital plc – the new legal name for the Investment Business of VTB Group in London and Singapore – was successfully accomplished on 12 January. VTB Bank Europe plc which has been used as the basis for the initial development of the Investment Business of VTB Group in London and Singapore has been re-registered as VTB Capital plc.
The registration began with the Russian legal entity, which is the Headquarters of the Investment Business in Moscow. Thus, all parts of the Investment Business of VTB Group worldwide, including Moscow, London, Singapore and its upcoming new businesses and offices in the world’s key financial centres, now operate under the VTB Capital name.
Yuri Soloviev, Global CEO of VTB Capital, said: “To build up an investment bank over half a year is a rather complicated task even in an average situation. And we are proud to complete it with full force and effect, especially considering the situation on international financial markets. Over avery short and challenging timeframe, we have built up the infrastructure and a strong team with vast experience in the investment banking business. We possess a sustainable platform and all the necessary resources to bring our company to success”.
Herbert Moos, CEO, VTB Capital plc, added: “The renaming is a significant part of the VTB Capital development strategy. The company has a strong presence in Russia, Europe and Asia. Now by using the single VTB Capital name for all parts of our business we have everything necessary to highlight and promote our brand and services in all the regions of our current and future presence. Our mission is to become a conduit for investors from around the world who wish to participate in the success of the Russian market with a local partner who can offer comprehensive support in both the international and Russian world’s key financial centers.”
VTB Group is a dynamic international financial group. VTB Group geography is unique. In addition to the CIS, its activities cover the countries of Western Europe, Asia and Africa. VTB Group members are governed by a shared approach to customer service and operate under a single brand.
VTB Capital (www.vtbcapital.ru) - the Investment Business of VTB Group – has headquarters in Moscow and offices in London and Singapore. It focuses on arranging operations in the debt, equity, global commodities and foreign exchange markets, developing private investments, real estate and asset management, advising clients on M&A and ECM deals in Russia and abroad. We aim to provide our clients with products and services of the highest quality and to find new solutions corresponding to substandard terms of contemporary market.
VTB Capital plc is part of VTB Capital.
VTB Capital plc is a leading provider of financing to large- and medium-sized Russian companies.
As of 30 June 2008, it had assets in excess of GBP 2 bn.
VTB Capital plc is incorporated in England and Wales and is a UK-registered, Russian- owned bank.
VTB Capital plc is authorised and regulated by the Financial Services Authority.
VTB Capital plc has offices in London and Singapore.
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