By Andrei Skvarsky.
The London-based arm of Russian broker BCS has received British regulatory authorisation for brokerage business and plans a series of key hires for the next four to six weeks.
The authorisation from the Financial Conduct Authority (FCA) to deal with and advise on investments and hold client assets marks the official launch of BCS Financial Group’s international brokerage business, the head of equity and derivatives at the London office, Luis Saenz, told EmergingMarkets.me.
BCS has made a wave of key hires for its London arm, which was set up last year, and is now interviewing candidates for a senior equity research sales person, an equity sales trader and a junior, Saenz said.
The positions are to be filled within the next four to six weeks.
BCS ranks first in terms of equity and derivatives trade volumes, and second for foreign exchange trade volumes, on Moscow Exchange, and is now building out its institutional coverage across Europe.
“BCS in London will operate as a wholly independent secondary market participant. Its innovative approach to trading using cutting-edge and superior infrastructure, implemented from scratch over the past 18 months, reflects the ambitions of the group,” Saenz said.
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