VTB Capital to establish branch in Dubai

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VTB Capital, investment business of VTB Group, one of the largest financial groups in Russia, today announced that it has received a licence from the Dubai Financial Services Authority (DFSA) to operate as an authorised firm in the Dubai International Financial Centre (DIFC).

Headquartered in Moscow, VTB Capital has a focused international expansion strategy as part of which it already has a well-established banking presence in London. VTB Capital’s London office has a branch in Singapore that operates as an Asia-Pacific hub for its business. Consistent with its international strategy, the Dubai office will serve a gateway for VTB Capital into the Middle East and Africa.

The new office will provide a wide range of investment banking services including arranging and advising on securities, derivatives and a broad set of other financial products. VTB Capital, through its Dubai branch, will facilitate investment flows between the Middle East, Africa and Russia by providing its clients, both in Russia and the Middle East, with access to market opportunities, unique solutions and tailor-made products.