The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Hans-Joerg Rudloff, MC Securities: Rudloff's last crusade

Twenty-five year veteran of the capital markets Hans-Joerg Rudloff and his 18-month-old investment bank MC Securities have given up their independence. Rumour had it that it was a consequence of disaster for the bank in Russian markets. Looking deeper, though, it seems more like a victory. Steven Irvine reports

London's Evening Standard newspaper broke the story. The latest in a long line of London-based merchant banks was to lose its independence to a large continental European commercial bank. But this one's assets didn't include anything like the butlers of Schroders or the fine art of Rothschild. In fact it was devoid of that sort of upper-crust City culture, having received its securities licence only 18 months earlier. What's more, it was best known for its activities in Russia, despite having nearly half its staff in London. So why all the fuss?

The bank in question, MC Securities, might be a newcomer, but it has a promising pedigree ­p; it's the brainchild of Hans-Joerg Rudloff, formerly chairman and chief executive of Credit Suisse First Boston. The news was greeted with surprise, partly because MC Securities was supposedly the vehicle for the German-born Rudloff, apparently tired of commercial banks, to go it alone.

Name change

The new ownership agreement is with Banque Bruxelles Lambert (BBL) and, under it, Rudloff will ultimately answer to BBL, just as he once reported to Credit Suisse. "Yes this is correct," says Rudloff with a laugh. "I am an employee of BBL.





You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree