Deals
VTB Capital Hires Ex-UBS Banker Convicted for Bond Rigging
- Peter Ghavami joins VTB Capital in Moscow for senior Asia role
- Ghavami was sentenced in 2013 to 18 months for bid rigging
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VTB Capital Plc, the investment banking unit of Russia’s second-biggest lender, hired Peter Ghavami, an ex-UBS Group AG banker who was convicted in the U.S. for rigging municipal bond investment deals.
Ghavami, who is based in Moscow, will oversee the firm’s operations in Asia, according to people with knowledge of the role. Ghavami was sentenced to 18 months in prison in July 2013 for rigging what should have been competitive bids and was released in December 2014.