VTB Capital has appointed Parag Ranade as Head of Loan Sales at VTB Capital in Asia. In his new position, Parag will be responsible for VTB Capital’s syndicated loans business and expansion of client operations in the region.
Ranade has joined VTB Capital’s team in Singapore, where he will report directly to Dimitrios Kavvathas, Head of Global Markets for Asia Pacific.
Prior to joining VTB Capital, Ranade served as Executive Director of UBS in Singapore where he was responsible for fixed income operations in Asia. From 2007 to 2012 he worked in the loan capital markets division at Barclays Capital in Singapore.
Commenting on the appointment, Damian Chunilal, CEO Asia for VTB Capital, said, 'Parag Ranade has excellent knowledge and expertise in the specifics of the syndicated loans market in Asia. In particular, he has extensive experience working with clients in the banking industry from India, Singapore, Malaysia and a number of European countries. This appointment is an important step in VTB Capital’s business development and expansion in the region'.