BrokerCreditService (BCS) has recruited four senior bankers for its newly opened London office.
Luis Saenz joins as head of equity and derivatives sales trading; Tim Bevan as head of international direct market access (DMA), sales and prime brokerage; Joseph Dayan as BSC London's head of markets; and Mark Cleary, as head of sales trading.
Saenz and Bevan both join from rival firm Otkritie. Saenz was chief executive of the New York office and previous to that he was director of equity derivative sales for over two years.
Bevan led the securities division at Otkritie and was head of direct market access sales. He began his career at the London Stock Exchange in 2001, and for five years was responsible for the ETF and structured product platform at LSE. Later he was put in charge of Russian derivatives on the Turquoise Derivatives (later EDX) trading platform at the LSE, and worked with structured products at Renaissance Capital.
Dayan joins from UniCredit in New York, where he was in charge of cash equity operations; while Cleary joins from Renaissance Capital where he was a sales trader.
Roman Lokhov, head of global markets and investment banking at BCS, said the bank is planning to become the most significant liquidity provider in the Russian market, and that its institutional business will be "developed aggressively".
BCS Financial Group also went live last week with the Finantix multi-channel solution for wealth management following the recent launch of Ultima and Premier, two financial planning tools for the private and affluent/mass-affluent segments.
"Finantix, as the backbone of the sales and advice processes, is a key pillar of our offering," said Stanislav Novikov, head of private banking of BCS (Ultima). "It allows us to effectively share functionality across our different segments, while appropriately differentiating the level of service."