Corporate Communications

New hires to boost VTB Capital’s investment banking business in the Middle East and Africa

22 February 2012

In line with VTB Capital’s global expansion strategy, James Williams, Head of Middle East Equity Trading, Nick Bye, Middle East Equity Structuring, Karim Nsouli, Head of Middle East Cash Equity Sales & Sales Trading, Ali Salam, Head of Strategic Equity Distribution – Middle East and Ziad Al Amin, Head of Multi Product Origination and Distribution – Middle East, have joined the VTB Capital team in Dubai to strengthen the company’s growth in the region. The enlargement of VTB Capital’s Middle East and Africa team headed by Makram Abboud, CEO Middle East & Africa and Co-Head of the International Multi-Product Origination and Distribution group for VTB Capital plc, is a part of the company’s strategic development plans to enhance its operations internationally.

The new employees will be responsible for driving VTB Capital’s success in global markets. Before joining VTB Capital, they held senior positions in such distinguished financial institutions as Credit Suisse, Deutsche Bank and UBS. Their achievements include significantly increasing the growth of their companies’ business in the Middle East.

Licensed by the DIFC in May 2009, VTB Capital’s office in Dubai has always been the main hub for the expansion of the company’s investment business across the Middle East and Africa. It offers a full range of investment banking and advisory services, including fixed income and equity sales, commodities, structured products, M&A, ECM and asset management.

Atanas Bostandjiev, CEO, UK and International of VTB Capital plc, said: “The potential for increasing financial flows between Russia and MENA is immense. VTB Capital’s growing presence in the region is a sign of our increasing interest in the local financial markets. I am sure that our new colleagues in the Dubai office will make a significant impact on VTB Capital’s further successful development.”

Makram Abboud, CEO Middle East & Africa and Co-Head of the International Multi-Product Origination and Distribution group for VTB Capital plc, noted: “The VTB Capital office in Dubai is growing in line with the company’s push to be one of the leading investment banks in the global markets. I’m sure that the new team will provide top results for VTB Capital in the Middle East and Africa in the very near future.”


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