BCS Global Markets, the largest securities broker on the Moscow exchange, has today announced two major hires to its senior team, as part of a wider drive to continue its restructuring drive across the global business.
Mikhail Butrin, has been appointed to the role of Managing Director, Chief Business Officer Capital Markets and Investment Banking, Russia and CIS. In addition, Bradley Duke has been appointed to the position of Managing Director, Chief Business Officer for UK, Europe, and USA.
The hires come as part of a wider strategic restructuring across BCS Global Markets, driven by a commitment to continuing the firm’s expansion and development as a business, which in recent years has gone from strength to strength in Europe and North America.
As part of this transition, Mikhail and Bradley will be responsible for profit growth along all business lines in their respective regions. This move comes as part of wider internal restructuring efforts designed to improve efficiency and transparency, along the lines of the capital-productive model already employed by BCS’s investment banking operations.
Both hires represent major additions to BCS’s capabilities and capacity. Prior to joining BCS, across over 20 years in finance, Mikhail Butrin was Managing Director in Barclays Capital, in 2008 – 2013 he was Co-Head of Global Banking in VTB Capital and prior to that Managing Director of Investment Banking Division in Deutsche Bank.
Bradley Duke likewise joins BCS with a long pedigree in financial services. In his role as Managing Director at Knight Capital, Bradley headed Knight Direct Europe and Knight’s Hotspot FX business in Europe. Prior to this, Bradley was Senior Vice President and Head of Electronic Trading Services at Jefferies International, where he was responsible for building out and commercializing Jefferies’ direct trading infrastructure for Europe and Asia.
Roman Lokhov, CEO, BCS Global Markets, said: “It is my pleasure to welcome Michael and Bradley to BCS, who both have excellent reputations in the market. This is the perfect time strategically for us to strengthen our senior team at a time when there is lots of business available for us to pick up as more competitors leave the market. We now have a very strong team, and I am sure our expertise will help us to achieve exponential growth.”
He added: “With our ongoing business development drive, one of our key goals in Russia is to take the leading position in the domestic market for investment banking services, and to gain a key market share of business in the US, Europe and Asia.”
BCS Global Markets is the Investment Banking division of BCS Financial Group. BCS Financial Group is a Russian financial service sector pioneer launching operations in 1995. BCS has a broad client base of over 140,000 that are serviced through a branch network of roughly 100 offices with over 3,000 people employees.
The Global Markets Investment Banking division was launched in early 2011 and is focused on the provision of market access, financing and advisory, securities lending and other ancillary prime brokerage and asset administration services.
BCS is the broker of choice for trading Russian instruments with an absolute leadership position: since over 2 years, BCS has maintained its dominant trading position on the Moscow Exchange, capturing more than 25% of market share in Equities, Derivatives and FX.
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