Russian state-owned bank VTB Groups 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 giants CFO for the Asia-Pacific region. Russias 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 Capitals 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 banks Moscow headquarters. Its the most interesting European finance story of the next few years.