BCS Financial Group 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 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. The company offers a wide range of banking and investment services, including loans and bank guarantees, deposits and investment opportunities, cash and settlement services, trade finance and foreign trade assistance, contract support, as well as placement of bond issues, including in RMB. BCS CIB (as one of BCS Global Markets' businesses) has been operating in the Russian market since 2012 and is among the Top 100 Russian banks by assets and capital.
About BCS CIB
Corporate & Investment Bank (BCS CIB) is part of BCS Financial Group, one of the leaders on Moscow Exchange in terms of trade volumes on the stock, FX and derivatives markets. The Group has enjoyed a successful track record of 25+ years in Russia with a customer base of upwards of 1 million.
BCS CIB offers a full range of financial services to large corporations, small and medium-sized businesses, as well as individuals in the HNWI and UHNWI segments. Our clients can secure any type of loans and bank guarantees, place free cash on deposits or invest it in other financial instruments, request cash and settlement services, foreign trade assistance, contract support and trade finance, place bonds with our help or gain access to the equity capital market (ECM).
A message from management of BCS Global Markets
The continuously evolving nature of the global coronavirus situation has meant we at BCS Global Markets (BCS) are taking all necessary steps to keep business disruption to an absolute minimum.
Effective from today (Wednesday 18th March) employees from all divisions of the business based in our Russia, UK, USA and Cyprus offices who can work from home without creating any even minor possible risk for business continuity of the Group will be working remotely. It is very much business as usual at BCS. Our employees are equipped with secure access to our systems and will follow their normal working hours, keeping in regular contact with their colleagues and clients.
Despite ongoing disruption caused by COVID-19, we want to also assure you that following a sustained period of positive performance, our capital and liquidity position remains very strong. The business is well-placed to meet any subsequent financial challenges and will continue to go above and beyond for our clients.