In the changed world, Middle East is a key capital pool (Interview)

Investment bank VTB Capital sees the region as one of the important capital pools in the world. Herbert Moos, Chief Executive Officer of VTB Capital, says: "The changed world is no longer dominated by the Western markets and has moved to become dependent on a number of very important capital pools, one of them is Asia, another is the Middle East." Owned by Russia's VTB Group, it now has a presence in Dubai. VTB Capital, which would target large investors, is expecting its major transactions to start materialising by the year-end. Moos spoke to Emirates Business about the investment bank's plans for the region.

Amid challenges of the global economic tumult, how do you plan to tap business in this region?

We aim to build a Russian investment banking champion. Looking at Dubai, we notice a significant number of banks but to our knowledge there are no banks offering Russian investment banking products. So what we are offering is very unique and specially designed. In that sense the current environment presents us with very appealing opportunities.