BANK OF MOSCOW’s president Andrei Borodin will personally supervise the bank’s analytical service to make it the most efficient, bank sources say. However, considerable investments will not have a short payback period, rivals warn. The analytical department will be divided into two blocks, for the stock market and for the debt market. There will be 10 analysts (formerly four) and the debt market analysis unit and the credit analysis unit will each have four experts. There will be a total of 30 analysts overall. The bank is aimed at having the best analytical experts on the market. It also seeks to be placed into the Institutional Investor ranking.
Source: VEDOMOSTI, October 30, 2006
