Commodities Hiring Spree at VTB Kicks Off in Europe and Asia
- Russia’s No. 2 bank to expand in Zug, Singapore and Hong Kong
- Lender plans to increase commodities staff and revenue by 50%
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The investment-banking unit of Russia’s second-biggest lender is kicking off a commodities hiring spree led by a former Goldman Sachs Group Inc. executive to boost staff and revenue in the operations about 50 percent.
VTB Capital is hiring traders for Europe and Asia. The bank, now with 35 people in raw materials, plans the expansion for next year to bolster physical trading of metals and energy, with potential for future growth, according to Atanas Djumaliev, head of global commodities, who joined last year from Goldman.