By Marcus Williams
Fast-growing Russian brokerage Otkritie has lured Temo Jorbenadze from VTB Capital as head of Investment Banking’s Financing Services Group.
Otkritie, which has doubled in size in the last year, also hired Dmitry Perman as a director from the Moscow-based boutique advisory firm Advance Capital.
Jorbenadze was a director for investment banking at VTB Capital in London, where he was responsible for the development of the European financial sponsor coverage and corporate finance transactions with a focus on cross-border situations. Before VTB Capital, he was a manager for Russia & CIS at Rothschild.
Roman Lokhov, CEO of Otkritie Securities Limited said: “These appointments provide further evidence of the aggressive growth plans we have as a business, our continued increase of market share and our determination to establish Otkritie at the forefront of the Russian brokerage market.”
Over the last year Otkritie has added more than 50 new Russian and international institutional clients and recruited 12 analysts from leading brokerages across Russia to join its research team.
Its equity trading volumes were more than $80bn in 2009, with most activity in exchange traded instruments.
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