Russia’s VTB Capital, an investment arm of VTB Group that counts investment management among its services, has strengthened its research team with multiple appointments from Renaissance Capital.

The firm has appointed Alexey Moiseev as deputy head of research and head of the macroeconomics research team. Prior to joining the firm Moiseev worked at Renaissance Capital as head of fixed income research. Earlier in his career, Moiseev served at BNP Paribas in London and at the Central Bank of the Russian Federation. In his new role he will report to Alexey Yakovitsky, chief executive at VTB Capital Moscow and head of research.

Nikolay Podguzov was hired as head of fixed income strategy and reports to Alexei Zabotkin, the global head of strategy. Podguzov also joined VTB from Renaissance Capital, where he worked as senior fixed income strategist. Prior to that, he served at Trust Bank and the Ministry of Finance of the Russian Federation.

Petr Grishin and Maxim Raskosnov join the firm as credit analysts working alongside Mikhail Galkin, the head of credit research.

Grishin was previously head of credit research within Renaissance Capital’s fixed income research department, after a period as deputy head of the research department at Rosbank.

Prior to his time at Renaissance Capital, Raskosnov served at Raiffeisenbank, VTB Bank and Alfa-Bank.