TransCreditBank, the bank of Russia’s monopoly rail transportation company Russian Railways, or RZD, is launching a full service investment bank to work in equity, debt, derivatives, corporate finance and m&a.
The new group will be called TKB Capital.
According to TransCreditBank’s president Yuri Novozhilov, facilitating access to capital markets for mid cap companies will be TKB Capital’s top priority.
The company will have an authorized capital of 800 million rubles.
Staff for the new group will be drawn from TransCreditBank staff and KIT Finance, but an initial priority will be to attract new talent with experience in Russian and international markets.