Russian investment bank Sberbank CIB appointed Vladimir Yarovoy to lead its Global Markets department in an effort to further support its multi-asset electronic trading platform, Sberbank Markets.
The platform provides access to Sberbank's FX liquidity and offers pricing of instruments such as FX spot and derivatives, along with quotes across major currencies, in real time.
The platform went live in May this year and, according to the Russian bank, there are plans to extend it to include money markets, with scope for further asset classes also to be added over time.
Sberbank Markets will initially be offered to the largest corporates, banks and financial institutions, before a phased roll-out to medium-sized businesses, retail customers and clients outside Russia begins in the future.
The bank said in a statement that the platform enables clients to streamline and automate trading, trade confirmation and settlement with Sberbank.
Yarovoy comes from Moscow Exchange, where he served as head of FX, overseeing sales, market making and product development. He also worked at several Russian banks, with a focus on automated trading technology and algorithmic trading strategies.
The investment bank appointed two more directors earlier this year: Konstanin Shulga, as electronic markets distribution director, and Ilya Nikitin as head of structured product sales.
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