Otkritie Capital ('Otkritie'), the investment banking arm of Otkritie Financial Corporation ('the Group'), has appointed Mikhail Sukhobok to head the firm's global electronic trading division which includes direct market access (DMA) to Russian markets. He will report directly into CEO Igor Vayn.
Mikhail Sukhobok, one of the Group's founders, has returned to the business having managed the merger of MICEX and RTS over the past 12 months. Prior to that, at Otkritie, he was involved in the integration of several acquired businesses on to a single operating platform as well as leading the firm's corporate finance division.
In his new roles, as a member of Otkritie Financial Corporation's Management Committee and Deputy СЕО of Otkritie Capital, Mikhail Sukhobok will develop the firm's global electronic trading division and oversee all client relationships relating to the exchanges.
Igor Vayn, CEO of Otkritie Capital, commented: "We are the market leaders in electronic trading and DMA, 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."