Corporate Communications

Makram Abboud appointed as CEO Middle East & Africa and Co-Head of the International Multi-Product Origination and Distribution group for VTB Capital plc.

16 January 2012

Makram Abboud has been appointed as CEO Middle East & Africa and Co-Head of the International Multi-Product Origination and Distribution group for VTB Capital plc. In both these roles, Makram will be responsible for the development and implementation of VTB Capital’s International Client Franchise strategy internationally and in MENA, where VTB Capital’s goal is to be one of the leading investment banks in the market.

Makram has almost 20 years experience working in senior roles in investment banking, covering both the Middle East and Emerging Markets. Prior to joining the VTB Capital team, Makram Abboud was Head of Emerging Markets at Nomura Holdings Inc.’s emerging markets team across sales and origination. Before that, Makram both developed and led the emerging market and Middle East capital market sales franchise first at UBS and then at Merrill Lynch, where he delivered exceptional growth to their respective franchises.

Makram Abboud graduated from the McGill University School of Management, Montreal. He is also a Certified Public Accountant accredited by the American Institute of Certified Public Accountants (AICPA), Virginia, USA.

Alexey Yakovitsky, Global CEO and Chairman of the Management Board of VTB Capital, noted: “I am glad to welcome such a distinguished professional as Makram Abboud to the VTB Capital team. Makram’s expertise will further drive VTB Capital’s growth with clients across Europe, Asia, the Middle East and Africa.”

Atanas Bostandjiev, CEO UK and International for VTB Capital plc, said: “Our International Client Franchise is strategically important for VTB Capital’s business development. Today the company offers a diverse range of investment banking products and services in the region. Makram Abboud is one of the top finance professionals and I am confident that his appointment will strengthen our position in the local market.”


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