Russia’s VTB Capital and China’s CITIC Securities sign MOU

Russia’s VTB Capital and China’s CITIC Securities sign MOU

First Published 12th July 2013

VTB Capital of Russia struck the latest in a series of agreements with groups in other countries, this time with China’s CITIC Securities

VTB Capital said it had signed a memorandum of understanding with Chinese investment bank CITIC Securities so that the two groups can work together on cross border merger and acquisition and investment opportunities between Russia and China.

Other areas of cooperation include capital markets, asset management, private equity investments, research and FX operations to capture trade flows between the two countries, VTB Capital said in a statement.

“The Asia-Pacific market is one of the strategic regions for developing VTB Capital’s business abroad,” VTB Global Capital Chief Executive Officer Alexei Yakovitsky said. “A partnership with CITIC Securities will enable us to significantly enhance our position and provide a larger set of services for our clients with interest in the Chinese market that is currently one of the most attractive markets for investing.”

Damian Chunilal, VTB Capital’s CEO for Asia, said the MOU was another important step in the group’s strategy to expand business beyond Russia.

VTB Capital has signed a series of agreements with firms in other locations.

It signed an MOU this week with Italian investment agency Invitalia. In October 2012, VTB Capital and Evercore Partners (USA) announced a strategic co-operation partnership to focus on cross-border deals between Russia and the North American market. In June of that year it announced a strategic cooperation agreement with Brazilian investment banking group BTG Pactual.


About carlarweir
I am a Cross Asset FIX Connectivity SME working for international banks. i also sit on the FIX Protocol Ltd Global Steering Committee, and am Co-Chair of the Global Cross Asset Committee. I also have a very strong background in Mobile Telephony, Cloud computing, SaaS, IaaS, PaaS, Big Data, innovation, and am a pioneer in Pseudolite technology.

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