RUSSIA - Barclays Bank has hired Bob Foresman as managing director to lead its Russian investment management and investment banking business, the bank said today.
As head of the Investment Banking and Investment Management unit in Russia, Foresman will oversee the operations of Barclays Global Investors, Barclays Capital and the firm's wealth management business.
This is a new position for the firm, confirmed spokesman Simon Eaton.
Foresman will be based in Moscow and report to Benoit de Vitry, head of global markets-trading, Europe and head of commodities and emerging markets at Barclays Capital.
"This appointment continues the build-out of Barclays Capital's investment banking and advisory capabilities globally," Barclays said in a statement.
Prior to joining Barclays, Foresman was deputy chairman at Renaissance Capital.
"Throughout his career, Mr Foresman has been involved in some of the most significant and transformational mergers and acquisitions and equity capital markets transactions, particularly within the Russian energy sector," Barclays said.
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.