VTB Capital, the investment banking arm of the second-largest lender in Russia, has continued its push into Europe with the hire of a former partner at Goldman Sachs to lead its expansion outside its home market.

Atanas Bostandjiev, who covered Goldman Sachs's emerging market business in central and eastern Europe, the Middle East and Africa, will be based in London, from where he will oversee VTB Capital's operations outside of Russia as its chief executive of the UK and international team.