Raiffeisen Expanding Its M&A Business in Russia

Published: June 16, 2011; 11:52 · (Vindobona)

The Austrian bank group is planning a joint venture between RBI and RIAG in order to put the investment banking in Moscow on a new footing.

Raiffeisen Expanding Its M&A Business in Russia / Picture: © Flickr

Raiffeisen wants to play a more important role on the Russian investment banking market. “We want to increase our revenue tenfold”, said Martin Schwedler who will be responsible for the development of the new investment banking unit in Moscow.

In order to achieve this goal, Raiffeisen Bank International (RBI) will take a 50% stake in Raiffeisen Investment Moscow, the…

This article includes a total of 207 words.

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