Otkritie rebuilds DMA team
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
In Moscow, Otkritie has hired
Irina Glazkova as head of DMA sales and Alexander Ospischev as head of DMA
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
“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.