Ex-Macquarie, RBS exec to head infra for VTB

Peter Stonor, a veteran infrastructure banker who has worked for Macquarie and RBS, is new global head of infrastructure for VTB Capital. The investment bank, based in Russia, has rapidly expanded in 2012.

Fast-growing VTB Capital is beefing up its infrastructure team and is counting on a veteran executive who has worked for Macquarie Group and RBS to lead it. 

The Russian company, which is carving itself out a niche in the West, has named Peter Stonor global head of infrastructure and transportation, according to a press statement.

Stonor is one hire in a spree that saw the company add five other senior people. VTB Capital started in 2008 as the investment arm of VTB Group, a Russian bank. In 2012, VTB has embarked on a companywide push to gain market-share outside its homeland, opening an office in New York and aligning its executive compensation to reduce risk-taking.

In Stonor, VTB Capital gained a 16-year veteran of the financial services industry. He has worked for ABN AMRO in addition to Macquarie, the infrastructure powerhouse headquartered in Sydney, Australia. While with Royal Bank of Scotland Global Banking & Markets, Stonor authored a white paper called Monetising infrastructure – turning assets into cash. He published that work in May 2011.

At VTB Capital, he will report directly to global head of banking Riccardo Orcel, and take charge of developing client service. He is based in London.