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Otkritie expands global markets and investment banking business

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Otkritie Financial, one of the largest financial groups in Russia, has hired two professionals for its global markets and investment banking business.

Igor Vine joins as head of capital markets, equity group, where he will have responsibility for business development in global markets, as well as strengthening our client offering in corporate finance.

Vine was most recently managing director and head of equities at Renaissance Capital from 2007 to 2010. Previously he held similar positions at Deutsche Bank (2006- 2007) and UFG (1997- 2006).

Ruslan Babaev joins as deputy head of capital markets, equity group, reporting to Vine. Babaev will manage the global sales function covering institutional investors.

Babaev was latterly sales director covering Russian and CIS clients at Renaissance Capital. Prior to that, he was an equity sales specialist at Goldman Sachs from 2005 to 2007.

Both Vine and Babaev will be based in Moscow.

Roman Lokhov, managing director, head of global markets and investment banking at Otkritie, says: "We are delighted to welcome such experienced professionals as Igor Vine and Ruslan Babayev to our team at Otkritie. This reinforces our previously stated strategy of building our investment banking business by attracting the highest calibre individuals in the international markets. I am confident that our senior team of Igor, Ruslan and Yury will enable us to extend our levels of client service, deepen our market insight and enhance our execution capabilities and to achieve a leading position in investment banking."

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