Reuters: Financial Services and Real Estate: CORRECTED-HSBC's Stadler to lead Russian unit -source

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

CORRECTED-HSBC's Stadler to lead Russian unit -source May 31st 2012, 17:56 LONDON | Thu May 31, 2012 10:53am EDT LONDON May 31 (Reuters) - Mark Stadler, previously head of HSBC's private bank for the Middle East and North Africa, is moving to Moscow next month to become chief executive of the Russian business, a person familiar with the matter told Reuters. Stadler, also a former head of HSBC's London-based financial institutions group, moved to the Middle East about a year ago, but had been temporarily running the British private bank for the last few months, the person said. HSBC last month pulled out of retail banking in Russia, opting to focus instead on providing global lending services to industrial and corporate clients. Its withdrawal comes after Barclays and Santander scaled back plans to open retail banks in the country. HSBC could not immediately be reached for comment.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions