Table-topping VTB moves to a new phase

VTB Capital has built a powerhouse capital markets business in Russia. Can it become just as influential elsewhere?

Return to The Investment Banks of the future, index page

A doctored version of a 1920s, Red Army recruitment poster is plastered on Andrey Soloviev’s door. A Soviet soldier points his finger out sternly at the viewer. In the background, lines of factories billow with smoke.

In the amended version, however, VTB Capital’s head of DCM does not seek enlistment (or at least, not in the army). Instead, the soldier demands of the visitor to Soloviev’s office, in one of Moscow’s newest skyscrapers: “Have you brought the mandate?”

Luckily for Soloviev, most of the time these days, the answer seems to be yes.

Access this research

Enter your work email address to sign in or check whether your organisation already has access to Euromoney.