Russia’s VTB partners America’s Evercore for cross border transactions
Russia’s VTB Capital and Evercore Partners are working together to develop cross border transactions between Russia and North America.
The two firms plan to develop join business opportunities for cross border transactions and other projects involving Russian and North American companies, funds, government agencies, individuals and assets.
VTB Capital has entered the partnership in an effort to strengthen its presence in North America, the largest capital market in the world, and its link with Russia.
Alexei Yakovitsky, global CEO of VTB Capital, said Evercore was picked for being a “dominant, global, independent financial advisory firm” and the cooperation was “an important milestone in extending VTB Capital’s business internationally”.
Ralph Schlosstein, president and CEO of Evercore Partners, added: “As our clients become increasingly global, it is imperative to be able to serve their needs in important markets throughout the world. The alliance [with VTB] is another step in the globalization of our firm.”
VTB Capital is currently building up its international franchise and expanding outside Russia and CIS by forming partnerships with international firms and creating a network of international subsidiaries.
For example, it recently formed an agreement with BTG Pactual, a leading Latin American investment bank.
The firm hopes to offer a winder range of products and services to its clients through these collaborations.