Russian investment bank Otkritie Capital has re-appointed Mikhail Sukhobok, an original founder of the Otkritie Group, to head the firm’s global electronic trading division.
Sukhobok spent the last 12 months managing the merger of the MICEX and RTS exchanges into a single Russian exchange. Prior to that, at Otkritie, he led the corporate finance division and was involved in integrating several acquired businesses onto a single operating platform.
Sukhobok, who will report directly to CEO Igor Vayn, will play a couple of roles at Otkritie, sitting on the Otkritie Financial Corporation’s management committee and serving as deputy СЕО of Otkritie Capital. Sukhobok will develop the firm’s global electronic trading division and oversee all client relationships relating to the exchanges.
Said Vayn, in a statement: “We are the market leaders in electronic trading and DMA [direct market access], ranking among the largest companies in terms of the volume of securities traded on MICEX-RTS and LSE. This is a very rapidly developing and competitive environment requiring regular changes and improvements, as well as strict supervision over business processes to make sure they are profitable.”
Otkritie Capital is the investment banking arm of Otkritie Financial Corporation, which was established in 1995. The company has offices in New York, London, Frankfurt, Cyprus and Moscow (with plans to open an Asian office in 2012).