Richardson Mark (Mark Richardson)

Richardson Mark (Mark Richardson)

Biography

2020: Appointment of VTB Capital plc as the head

On July 7, 2020 it became known of change of the head of VTB Capital plc, Mark Richardson became It. It will be able to start new approval duties  from regulatory bodies of Great Britain, says VTB.

Follows from it that before a current of 10 years of work in VTB Capital Mark Richardson held positions of the head of global department of transactions in  the stock market and  the vice president of VTB Capital International. What tasks will be assigned to the new head, is not reported.

Replacement of the leadership of the London VTB Capital happened how the company limits the presence in the British market. VTB says that VTB Capital was the center around which the strategy of work of group in international market was built, but the investment bank had to review the business model, including because of deterioration in a geopolitical situation between Russia and Great Britain and growth of uncertainty because of a kingdom exit from the European Union.

According to the representative of VTB, VTB Capital sustains losses because of the loan portfolio become at the company, at the same time its capitalization remains at the necessary level, and the VTB Group did not give to "daughter" support because of COVID-19 coronavirus pandemic.

VTB Capital sold the assets to other structures of VTB Group: so, in 2018 the portfolio of the credits of the London division was reduced by 72%, to $870 million, because of an asset sale to Moscow or Frankfurt, follows from the reporting. VTB Capital also decided to reduce risk appetite in the debt market and the capital market. The new role of the London bank in group is described in the reporting as follows: attract investments into Russia, extending the Russian debt products, assist in preparation of credit operations to other companies of group.^[1]

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