Investment Banking Rising Stars: The industry’s up-and-coming talent
This is the second annual FN 40 Under 40 Rising Stars in Investment Banking, Financial News’s editorial pick of the bright young things in the industry.
The 12 months that have passed since Financial News first published the list have been far from kind. The energy-sapping struggles of the eurozone show no sign of abating, deal activity remains at depressed levels and industry-wide scandals have again put the sector in the stocks.
It is against this backdrop that the rising stars, drawn from a longlist of more than 130, have distinguished themselves.
Many have benefited from the new paradigm. In the great age of deleveraging, debt capital markets specialists have grown in importance, while there is also a strong contingent of restructuring specialists, reflecting the current stage in the economic cycle. In a market driven by macro concerns, two strategists, who provide a depth of insight beyond their years, also make the list.
Women are notable for their absence – they make up just 10% of the list, indicating that banks still have a lot of work to do on the diversity front.
How we chose
Over the past three months, Financial News canvassed the market for opinion and drew up a longlist of more than 130 potential rising stars. All nominees had to be under 40 on December 5, based in Europe, the Middle East or Africa, and working in the investment banking industry.
Candidates were then assessed by FN’s editorial panel on four criteria: achievements to date given their age, stature of their mentors, firepower at their disposal and their potential to reach a position of great influence. The longlist was then whittled down to the final 40 listed here. The list is not ranked.
All profiles by Matt Turner, Ayesha Javed, Matt Attwood, Giles Turner and Farah Khalique.
Chief executive, UK and international
Bulgarian Bostandjiev has been racking up air miles over the past 12 months, with flights back to the UK on weekends to spend time with his family interspersed with business trips to Asia and the US, as VTB Capital's reach grows wider.
A former co-head of rates and foreign exchange sales in Europe at Goldman Sachs, he moved to VTB Capital, the investment banking arm of Russian state-owned VTB Bank, in May last year. Since then, the bank has signed strategic partnerships in Brazil and the US, and opened offices in New York and Sofia, Bulgaria.
The opening of the Sofia office in March this year is particularly meaningful for Bostandjiev, who sponsors a sailing club in his home country and is involved with the charity Chance for the Children of Bulgaria.
Last month, the bank took a controlling stake in Bulgarian telecom company Vivacom through a complex restructuring transaction valued at $883m.