Otkritie Taps Ex-Moscow Bourse Head As CEO

Oct 23 2012 | 8:46am ET

Moscow-based Otkritie Financial Corporation has appointed Ruben Aganbegyan as CEO and chairman of its managing board.

Aganbegyan was president of the Moscow Stock Exchange and headed the merger of the MICEX and RTS between 2008 and 2010. Prior to that, he spent seven years as head of Renaissance Capital’s Russian operations, a year as director for project financing and head of investment banking at Troika Dialog and five years as co-head of Credit Suisse's Russian operations.

Aganbegyan has also held positions at PricewaterhouseCoopers and Clifford Chance.

It's not the first time Otkritie has hired a MICEX-RTS alumnus—earlier this year the financial group appointed Mikhail Sukhobok to head its global electronic trading division.

Vadim Belyaev, Otkritie founder and major shareholder, said in a statement:

“Ruben is one of the industry’s strongest managers; he has a great deal of experience in leading large financial institutions and extensive knowledge of Russian markets.”

Founded in 1995, the Otkritie Financial Corporation focuses on investment banking, commercial banking, brokerage services and asset management. The group has more than 240 offices in 36 cities across Russia as well as offices in New York, London, Frankfurt, Limassol and Kiev.

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