VTB hires UBS Moscow-based sales head
The investment banking arm of state-owned Russian financial group VTB has hired one of UBS’ most senior Moscow-based bankers as it continues the rapid build up of the business.
Nikolai Medvedev, head of international sales at UBS, has been hired as global head of equity sales a year after relocating to Moscow from the Swiss bank’s New York office.
Medvedev started his career at Moscow-based broker Brunswick, which was bought by UBS four years ago following the formation of a joint venture in 1997, and had worked in the Swiss bank’s New York-based business for the past eleven years before returning last year to run its sales team coving clients in London, continental Europe and the US.
He is the second senior Moscow-based banker VTB has hired from UBS in recent months following its appointment in July of Sergey Volk, an infrastructure banker at the Swiss bank, who joined as a director and head of transport and infrastructure in its global banking business.
VTB also said it had hired James Corrigan as director of capital market responsible for real estate debt and equity financing from the Moscow office of property sector consultants Jones Lang LaSalle.
Corrigan has worked on several large Russian property sector deals including Deutsche Bank’s sale this year of Moscow city centre residential development Pokrovsky Hills to Goldman Sachs.
Yuri Soloviev, global chief executive of VTB Capital and head of VTB Group’s investment business, said: “Our growing team is well equipped to further develop the VTB Group investment business in Moscow, London, Singapore and eventually in other key financial centres of the world.”
--write to hwilson@efinancialnews.com
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