VTB, Russia’s second-largest bank, is expected to become a key asset manager for Russia’s sovereign wealth fund National Wealth Fund (NWF) according to Reuters.
National Wealth Fund (NWF) is worth $32 billion and VTB targeting investment banking deals that are likely to include a large percent in international investments.
Sovereign wealth funds from Dubai, China, and Singapore have recently been in the spotlight for US an EU security concerns. Russia’s National Wealth Fund (NWF) will surely be on the minds of US and EU leaders as the strength of the Russian government continues to gain momentum.
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