Sberbank CIB’s Smith Said Set to Leave After Apology for Report

Sberbank CIB’s Smith Said Set to Leave After Apology for Report

Andrey Rudakov/Bloomberg

Sberbank CIB, the investment banking arm of Russia’s biggest lender, said in a July 26 statement that it had apologized for failing to give “appropriate referencing” to materials from a 2012 research note by Moscow-based Aton Capital used in its report.