VTB Bank Europe, the London-based investment banking subsidiary of Russia's second largest bank has made its first senior infrastructure hire since recruiting a Merrill Lynch executive to run the business two months ago.

VTB Bank Europe has hired Andrei Antonovski for its infrastructure capital group. Two months ago, the bank made Oleg Pankratov, the former head of ABN Amro's infrastructure capital and structured capital markets group and most recently a debt banker at Merrill Lynch, head of its infrastructure team.