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Otkritie expands investment banking business in London and Moscow

Otkritie has made additional hires in its investment banking business in London and Moscow.

Sunil Joshi has been appointed managing director, head of London equities. Joshi was previously head of equity trading at Renaissance Capital and prior to that he spent 12 years at Credit Suisse where he was head of EEMEA equity trading.
Berthold Maier has been appointed director of equity sales, based in London. Maier was previously director of international equity sales at Renaissance Capital. Prior to that, Maier spent ten years on the buy-side as a long-short equity portfolio manager for BlueCrest Capital, Griffin Capital and Generali, with a focus on the EMEA regions.
Vinay Ruparelia has been appointed director of equity sales , based in London. Ruparelia was previously vice president of international equity sales at Renaissance Capital. Prior to that, he spent six years working in equity capital markets covering emerging markets at both Morgan Stanley and Dresdner bank.
Richard Betson has joined as director of equity sales trading. Before joining Otkritie, he held a similar position at Renaissance Capital.
In addition, Tom Mundy has been appointed as chief equity strategist. From 2006 to 2010 Mundy worked as strategist at Renaissance Capital. Prior to this, he was employed at Wermuth Asset Management, also as strategist.
Another recent appointment is Pavel Averkiev, who joined the bank as vice president of equity sales. Averkiev has previously worked as a director of marketing at Prosperity Capital and Wermuth Asset Management.
Igor Vayn, head of capital markets and equity group of Otkritie, says: “I am delighted to welcome such seasoned professionals to our team. Otkritie remains committed to its strategy of building out the investment banking business with a clear focus on Russia and CIS. We believe that bringing on board these high-caliber individuals to form a successful team is instrumental in achieving our goal to become a leading investment bank in Russia.”

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