VTB Capital’s Currency Derivatives Head Leaves Firm

VTB Capital’s Manu Tripathi said he departed the firm, where he oversaw foreign-exchange derivatives, 18 months after joining from UBS AG.

Tripathi said by e-mail he left his role, which was split between Moscow and London, while declining to comment on his future plans. VTB Capital’s press service in Moscow declined to comment by e-mail.

Tripathi, who had previously worked as an options trader at Deutsche Bank AG and Credit Suisse Group AG, joined VTB Capital in April last year from UBS in Singapore, where he had been executive director and head of emerging-markets foreign-exchange options for Asia, according to his LinkedIn profile.

VTB Capital bankers including Atanas Bostandjiev and Damian Chunilal have departed in recent months as U.S. and European Union sanctions over Russia’s involvement in the Ukraine conflict curtail domestic debt and equity-market business. VTB’s parent, state-controlled VTB Group, is among companies that have been sanctioned.

Bostandjiev, the head of VTB Capital’s international unit, left in July to set up his own emerging-markets investment firm and was joined by global head of fixed income Philip Hamilton. Chunilal, head of VTB Capital’s Asia unit, left in September.

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