Founded in 2008, VTB Capital established itself as the investment business for VTB Group, aiming to provide a full range of investment banking products and services to Russian and international clients. Its core operations include M&A advisory, equity and debt capital markets, trading in securities, private equity, and asset management. Historically, it operated globally with a strong presence in London, New York, and Asia, but its international activities have been severely curtailed due to comprehensive sanctions imposed since 2022. The company now primarily focuses on the Russian domestic market and markets in friendly countries.