Deutsche Bank has jumped to the top of the Russian equity bookrunners league table after completing the London and Moscow listing of the country's second largest bank, VTB, in the largest flotation of the year.

Deutsche, along with Citigroup, Goldman Sachs and Renaissance Capital, priced VTB's float close to the top of its range, raising $8.2bn (€6.1bn) and gathering close to $70bn of orders.