Foreign expansion bolsters VTB Capital on home turf

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Foreign expansion bolsters VTB Capital on home turf

VTB Capital is quietly building an emerging markets empire. It opened in Bulgaria earlier this month, hiring Milen Velchev, the country’s former minister of finance, as chief executive of the new division. In January it hired CEOs for new subsidiaries in Hong Kong and Dubai, while last week it announced hires in its Middle East equities team.

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