BCS Financial Group Restructures Its Investment Banking Business to Segregate Russian and International Operations

Russian financial service company BCS Financial Group, the parent company of BCS Global Markets, has unveiled a corporate split in a bid to restructure and rebrand its investment banking business. 

Classical corporate banking as well as debt capital market (DCM) services will be provided under the brand of BCS Corporate & Investment Bank, or BCS CIB. Global markets operations, structured products and equity capital market (ECM) services will continue to be provided by BCS Global Markets, the investment banking division of the group.

"The restructuring of our investment banking and, consequently, the re-branding of some segments is driven by the global developments, primarily by the need to have a more distinct delineation between our Russian and international operations. However, the rebranding will not affect our client relations or the comfort of working with us. All the products and active contracts remain in place under the same terms," said Alexey Gonus, Head of BCS CIB.

BCS CIB will focus on Russian corporate clients (both large companies and SMEs) as well as UHNWIs.