Otkritie Installs Workman as Fixed Income Chief

Otkritie Capital, the investment arm of Otkritie Financial Corporation, has hired Michael Workman as its head of fixed income.

Based between Moscow and London, Workman will report into the group's CEO, Igor Vahn. He joins from Goldman Sachs in Moscow, where he was an executive director in the fixed income, currencies and commodities group, having previously held posts at UBS, National Bank Trust and Renaissance Capital. He graduated from the University of Notre Dame with degrees in economics and Russian.

"In any emerging market there is a need for a strong local investment bank that can act as a bridge between domestic and international capital flows," says Workman. "Given Otkritie's well-established domestic franchise and its growing international presence, the firm is positioned to benefit as local credit markets grow in importance as a source of funding for corporate and government borrowers."