Micex-RTS president Aganbegyan quitting

By Andrei Skvarsky.

Moscow’s Micex-RTS stock exchange is parting company with its president, Ruben Aganbegyan, who carried through a merger project that brought today’s main Russian bourse into being last year.

A Micex-RTS statement said Aganbegyan, who pulled off the merger of Moscow’s Micex and RTS exchanges, is resigning with effect from September 25 and “goes to another company”.

The statement did not name the company, but according to Reuters, he will become chief executive of Otkritie Financial Corp, a Russian banking group which is in the process of taking over Moscow’s Nomos-Bank in a deal expected to create Russia’s second-largest private bank.

Aganbeyan was not available for comment on Thursday or Friday.

The Micex-RTS statement quoted him as saying: “I got a very good job proposal and accepted it. I’m staying in the market but will assume a new role now and will be happy to cooperate with the Moscow Exchange. The processes that I rolled out at the Exchange are already showing results. The top management of the Exchange is very strong and I am positive that all the forthcoming projects, like IPO, will be successfully realized.”

Otkritie chief executive Vadim Belyaev is expected to become president of Nomos.

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