Germany's Commerzbank is aiming to boost its share of Russia's booming domestic loan and corporate bond market after establishing a lending business in Moscow and hiring a local debt capital markets banker to run it.

Alexander Kozbenko, formerly head of loan syndications and deputy head of structured finance at Russian lender Alfa Bank, has been recruited by Commerzbank as head of Russian debt capital markets to lead its domestic lending and bond underwriting operations in the country, according to the German bank.