By Ivan Anderzhanov
Russia’s Renaissance Capital said that it will add a further 30 staff to its dedicated emerging markets foreign exchange team following is announcement of a deal to buy 100% of Leadbank from the Bank of Cyprus.
The bank signed an agreement yesterday with Bank of Cyprus to acquire 100% of the share capital of Leadbank (formerly Bank Kypra LLC) for an undisclosed sum.
Yury Gruzglin has been appointed global head of fixed income, currencies and commodities (FICC), and will oversee sales, trading and structuring, and underwriting across foreign exchange and other fixed income areas.
Gruzglin joined Renaissance in October 2008 as head of the debt product group.
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