Russia’s Corporate Clients Let Down HSBC
Lea Verny, head of investment banking at HSBC Russia, left the bank last week, having become the 12th top manager of the bank resigned during half a year. The experts say such numerous resignations signal that today’s bosses of Moscow HSBC don’t embrace the stake on large corporate clients in Russia.
A foreign bank with the old roots in Russia, HSBC had been aggressive in the country before 1918. Its Russian office opened anew in Moscow in 1996. 100-percent subsidiary of UK HSBC, HSBC Russia was scored number 143 in net assets (5.04 billion rubles) and number 181 in equity (831.6 million rubles) as of April 1, 2005.
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