In his new role Cornthwaite will be responsible for developing VTB Capital and VTB Group’s client strategy as well as leading the expansion of Global Banking outside of Russia and the CIS.
Cornthwaite will be based in London and will report operationally to Riccardo Orcel, Deputy CEO of VTB Group, Head of Client Coverage at VTB Bank and Global Banking at VTB Capital, and regionally to Atanas Bostandjiev, CEO, UK and International of VTB Capital.
Cornthwaite brings a wealth of industry and client knowledge to the VTB Capital team, having gained over 25 years of experience in the investment banking industry and an extensive knowledge and understanding of the general banking business within emerging markets. Previously, Andrew worked at Renaissance Capital, serving as Deputy CEO and Head of Investment Banking. Prior to this, he held senior managing positions at Credit Suisse. Andrew has previously been based in the UK, Hong Kong, Russia and Africa.
Cornthwaite graduated from Oxford University in 1987 and The College of Law in 1988.
Commenting on the appointment, Orcel said: 'Andrew has a vast experience in the investment banking industry both in our core market and abroad, and we are very pleased that such a high caliber professional has joined the VTB Capital team'.
Bostandjiev noted: 'I am very confident that Andrew's appointment will further strengthen our business and expertise within international markets, and help us realise our ambitious international plans'.