Russia banking: VTB bucks the trend

Elliot Wilson
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VTB Capital cemented its position as Moscow’s leading investment bank last year. With cross-border deals for Chinese and Indian clients it is becoming more than just the adviser of choice for Russian corporates. But will the firm’s ambitions get the better of it?

0 0 2016-01-06T11:56:00Z 1 1387 7907 Euromoney Trading Ltd. 65 18 9276 14.0 Normal 0 false false false EN-GB JA X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:Cambria; mso-ascii-font-family:Cambria; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Cambria; mso-hansi-theme-font:minor-latin;} VTB Capital’s dramatic ascent from bit-part player on Russia’s fractured investment banking scene to a powerful generator of deal-flow both locally and internationally has been extraordinary. In 2015 it again proved more than capable of startling its rivals by completing some of the most intricate pan-national M&A deals of recent times, many of them in politically complex emerging markets. The question now is whether the Moscow based investment house can continue to surprise its peers by maintaining its breakneck expansion, or will 2015 prove to be its high-water mark?...