Russian brokerage BCS Global Markets has hired a former IT head for the corporate and investment bank at BNP Paribas for an operations chief position.
Vadim Kotov has been appointed chief operating officer for the investment bank business at BCS Global Markets in Moscow to oversee its IT platform and implement an operating model to further the broker’s development strategy.
Kotov joins BCS Global Markets from Russian bank Sberbank where he held various roles, most recently chief technology officer for the international and corporate investment bank division.
Prior to Sberbank, Kotov spent five years with the corporate and investment banking business at BNP Paribas in Moscow. At BNP Paribas he was head of IT and operations supervising various operational departments.
“We have a razorlike focus on continuing to enhance our IT infrastructure and automation across all our processes. We see these as the key drivers for scaling our business and further promoting our products and services to our worldwide customer base,” said Maxim Safonov, co-CEO of BCS Global Markets.
“We are also looking to grow our investment bank in parallel with the global trends of corporate culture and sustainability, transparency, peer-to-peer interaction, process streamlining, and automation. We are pleased that Vadim is now part of the BCS team and are convinced he will make a major contribution to our business journey over the coming years.”
Kotov’s hiring follows a series of new appointments made by the Russian brokerage recently. In September, the head of Russia equities at US investment bank Citi departed to join BCS Global Markets to lead its global equities business. Alexei Bolshakov was appointed global head of equities at BCS Global Markets and is now responsible for managing the institution’s equity teams across all entities.