VTB Bank (Europe) appoints new Chairman
Nick Hutt has been appointed as Chairman of the Management Board at VTB Bank (Europe) SE.
In this role, he will be responsible for executing the bank’s strategy in Europe with a focus on further developing lending capabilities, facilitating trade flow for European and Russian clients, and providing customised financing solutions and services featuring a variety of capital and product structures.
Hutt will be replacing Arthur Iliyav, who is leaving VTB Group to pursue other opportunities. VTB Capital plc will be headed by Mark Richardson following regulatory approvals. Richardson has been with VTB Capital for 10 years, holding the roles of Global Head of Equities and Vice Chairman of VTB Capital International.
Yuri Soloviev, First Deputy President and Chairman of VTB Bank, says: “We would like to extend our thanks to Arthur Iliyav, who has led the bank through the merger process, which combined VTB Group’s three banks in Continental Europe into a single new entity and allowed for an increased level of operation efficiency. Over the last few years we have been particularly focused on our European operations footprint, and I believe Nick Hutt, who has extensive experience at VTB Group and expertise in the investment banking business, will lead VTB Bank (Europe) SE’s team towards further growth, introducing new products and services in line with our client’s needs. I am confident that Mark Richardson, who has efficiently managed VTB Capital's equities division for a long time, will continue to maintain the investment bank's leading positions going forward."
Hutt joined VTB Capital in September 2008 to head the International finance team and became VTB Capital plc’s CEO in 2014. In the 11 years prior to joining VTB Capital, Nick held a number of senior finance positions in the investment banking market. He joined VTB Capital from Deutsche Bank where he was Global Head of Emerging Markets Product Control.
Hutt is a CIMA qualified Chartered Accountant and holds an Honours Degree in Physics from Loughborough University.