Russian state-owned bank VTB Group’s international ambitions took a stride forward in November when Herbert Moos became CFO and one of four deputy chairmen.
The 37-year-old is a 14-year veteran of Lehman Brothers who ended up as the fallen giant’s CFO for the Asia-Pacific region. Russia’s second-biggest financial institution, after mammoth state cousin Sberbank, VTB has used the global crisis to broaden its footprint, especially in investment banking.
Moos ran VTB Capital’s London office for a year before being promoted to CFO of the entire VTB Group. “VTB is evolving from a regional player to a very meaningful global player,” Moos says from the bank’s Moscow headquarters. “It’s the most interesting European finance story of the next few years.”
