Otkritie hires new fixed income head

Otkritie Capital has appointed Michael Workman to head its fixed income business. He will operate between Moscow and London, and report to the group’s chief executive Igor Vayn.

Vayn said:“We see increasing investor demand for fixed income products and as such, we are looking to expand our team of highly-skilled professionals with extensive knowledge across this asset class and emerging markets, especially Russia.”

Workman joins Otkritie from Goldman Sachs in Moscow, where he was an executive director in the Fixed Income, Currencies and Commodities group, and was responsible for the bank’s structured principal investments in the region.

Workman said: “In any emerging market there is a need for a strong local investment bank that can act as a bridge between domestic and international capital flows. Given Otkritie’s well-established domestic franchise and its growing international presence, the firm is positioned to benefit as local credit markets grow in importance as a source of funding for corporate and government borrowers.” 

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