VTB Capital has appointed Parag Ranade as Head of Loan Sales at VTB Capital in Asia. In his new position, Parag will be responsible for VTB Capital’s syndicated loans business and expansion of client operations in the region.

Parag has joined VTB Capital’s team in Singapore, where he will report directly to Dimitrios Kavvathas, Head of Global Markets for Asia Pacific.

Prior to joining VTB Capital, Parag Ranade served as Executive Director of UBS in Singapore where he was responsible for fixed income operations in Asia. From 2007 to 2012 he worked in the loan capital markets division at Barclays Capital in Singapore.

Commenting on the appointment, Damian Chunilal, CEO Asia for VTB Capital, said, “Parag Ranade has excellent knowledge and expertise in the specifics of the syndicated loans market in Asia. In particular, he has extensive experience working with clients in the banking industry from India, Singapore, Malaysia and a number of European countries. This appointment is an important step in VTB Capital’s business development and expansion in the region.”

VTB Capital, the Investment Business of VTB Group, is one of the three strategic business arms of VTB Group, along with the corporate and retail businesses. Since its foundation in 2008, VTB Capital has taken part in more than 450 ECM and DCM deals, which were instrumental in attracting more than USD 187bn worth of investments to Russia and CIS.

VTB Capital offers a full range of investment banking products and services to Russian and international clients, focusing on arranging operations in the debt, equity, global commodities markets, developing investment and asset management, advising clients on M&A and ECM deals in Russia and abroad. VTB Capital operates in Moscow, London, Singapore, Dubai, Hong Kong, Sofia, New York, Paris and Vienna, with headquarters in Moscow.

VTB Capital holds top positions in the debt and equity capital markets in Russia and CIS according to the league tables for 2011 and 2012 by Dealogic and Bloomberg. In 2011 and 2012 VTB Capital research team was ranked #1 in Thomson Reuters Extel Survey and Institutional Investor All-Russia Investor Survey.

This press-release does not constitute an offer to the public or an advertisement of securities in the Russian Federation, is not an offer or an invitation to make offers, to purchase securities in the Russian Federation and must not be passed on to third parties or otherwise made publicly available in the Russian Federation.