Barclays PLC, the U.K.'s third-largest lender, will hire dozens of bankers in Russia as it seeks to become the leading foreign investment bank in two to three years, local chief Bob Foresman said.

"We will need to have over 100 people just in the broker-dealer," Foresman, Barclays' country manager, said in an interview last week in St. Petersburg. The former local chairman for Dresdner Kleinwort Wasserstein said he is overseeing "a very aggressive strategy" in Russia.

In Russia, Barclays Capital is the third-biggest underwriter of debt this year, according to data compiled by Bloomberg.

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