BCS Prime Brokerage, an independent Russian financial institution, has been granted UK regulatory authorisation by the Financial Conduct Authority (FCA), to deal and advise on investments and hold client assets, this marks the official launch of its international brokerage business.
The authorisation officially marks the launch of the BCS international brokerage business, although it has been busy since 2012 preparing its London offices.
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BCS has made a wave of key hires to support this core business launch. Executive Directors include Rizwan Kayani and Joseph Dayan, formerly of Renaissance Capital and Unicredit respectively. They are supported by non-executive director John Barker, the former CEO of Liquidnet Europe, and chief regulatory officer Wendy Langridge. The management team also includes Tim Bevan and Luis Saenz, formerly of Otkritie Capital.
According to the company, the London business will continue to increase its headcount and market share over the next 12 to 18 months.
BCS in London will operate as a wholly independent secondary market participant.
Roman Lokhov, CEO of global markets and investment banking at BCS Financial Group, said: "In launching our European operation, BCS Financial Group is able to expand its product offering and is well positioned to take advantage of the increased transparency and structural changes occurring in the Russian market, for the benefit of its institutional investors."
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