BCS Global Markets (BCS), the international arm of BCS Financial Group, the largest securities broker on the Moscow Exchange, has announced the appointment of two new regional managing directors to drive the firm’s global expansion strategy.
Mikhail Butrin has been appointed chief business officer of capital markets and investment banking for Russia and the Commonwealth of Independent States (CIS), while Bradley Duke has been appointed as chief business officer for the UK, Europe, and USA.
The hires of both Butrin and Duke are part of the firm's ongoing drive to expand its market presence both within and outside of its native Russian market; most recently the firm received regulatory approval from the Financial Industry Regulatory Authority (Finra) for its acquisition of US-based interdealer-broker Alforma Capital Markets.
"With our ongoing business development drive, one of our key goals in Russia is to take the leading position in the domestic market for investment banking services, and to gain a key market share of business in the US, Europe and Asia," said Roman Lokhov, CEO of BCS Global Markets, in a statement.
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