Otkritie Capital, a Russian investment bank, has made a series of new hires to strengthen its electronic trading teams in the UK and Russia.
The moves follow a restructuring of the bank’s electronic trading division following a series of defections to rival broker Broker Credit Service in May.
The firm has appointed Ben Wood to head its international DMA business from London. Wood joins from execution management systems provider FlexTrade, where he was head of EMEA sales. He has also worked at Hoenig and Co, developed DMA and commission management services for Tullet Liberty and led a soft commissions and electronic sales trading desk servicing fund managers at Commerzbank Securities.
In Moscow, Otkritie has hired Irina Glazkova as head of DMA sales and Alexander Ospischev as head of DMA business development.
All three hires to the DMA business will report to Mikhail Sukhobok, who joined Otkritie as head of its global electronic trading division in May 2012 from Russian exchange MICEX-RTS.
In addition, J.P Natkin has been promoted to US CEO at Otkritie, baed in New York. Natkin joined Otkritie in 2011 from Crédit Agricole where he ran the firm’s emerging market sales desk before serving as head of client services for the Americas. He has also held positions at rival Russian broker URALSIB, ING, Troika Dialog and Renaissance Capital.
“By strengthening our team in New York, London and Moscow, we have further demonstrated our goal to remain a market leader in electronic trading and DMA while providing our clients with an unparalleled global service,” said Igor Vayn, CEO of Otkritie Capital.