VTB Capital builds Americas business, Orcel says Asia is next
EuroWeek Daily News (UK)
"Our partnership with Evercore opens up many possibilities for business co-operation and to expand a presence in North America," Riccardo Orcel, deputy chief executive officer of VTB Group, told EuroWeek.
And VTB's growth will continue to other continents. "Our next focus is Asia," said Orcel. "We plan to establish another alliance."
The partnership with Evercore will focus on cross-border transactions between Russian and North American companies, funds, government agencies and individuals.
VTB Capital is working on 18 cross border M&A mandates, Orcel said. "International alliances will allow [us] to continue building on the momentum of our advisory business," he said. "We will also work to attract foreign companies to Russia and facilitate the deployment of international capital in the domestic economy."
The partnership is the second such agreement with a firm based in the Americas this year, after VTB Capital signed a similar accord with Brazilian investment bank BTG Pactual in June 2012.