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Press releases, 2017

Oleg Achkasov, Head of BCS Global Markets Equity Trading Russia, BCS Global Markets shared his view on the market on RBC TV, #PROФинансы

http://vod.video.rbc.ru/archive/2017/03/28/pro_finansy1435.folder/telecast_576p.mp4

BCS Global Markets has announced the appointment of Bradley Duke and Tim Bevan as co-CEO's of its UK entity, BCS Prime Brokerage Ltd (BCS UK).

BCS Global Markets recently adopted a matrix management structure to promote greater oversight and synergies across geographies and business lines. Headcount at BCS UK has grown to over 170 since the beginning of 2017 - with the establishment of a branch in Moscow of the FCA regulated UK entity, that now encompasses the entire operations and business support functions of BCS Global Markets. The new structure addresses this change in order to ensure robust controls remain in place as the company expands.

Tim Bevan was recently promoted to Global Head of Prime Brokerage, extending his remit to cover prime business in Russia and establishing the wealth management division within the investment bank, while Bradley Duke joined BCS last year as regional Head of UK, Europe and the US.

The co-CEO structure ensures an equitable spread of administrative responsibility recognising the growth in demands from the business lines as they expand throughout the regions where BCS operates.

Roman Lokhov, CEO, BCS Global Markets, said:

"I believe that appointing Tim and Bradley as co-CEO of BCS UK is the optimal solution for addressing both business and administrative demands. I have known Bradley and Tim for a long time and have worked with them in several organisations over the last 15 years. We share a unified vision and, at such an important stage of our company's growth, two CEO's in the UK means the burden of major areas of responsibility can be shared allowing each greater flexibility to reflect, innovate and execute."

http://www.lseg.com/events/annual-cis-and-cee-capital-markets-day

Russia 24: Managing Director, Deputy Chief Business Officer of the Russian region BCS Global Markets commenting on CBR cuts rate 25bps

http://www.vestifinance.ru/videos/32915

Banki.ru: Head of Fixed Income, BCS Global Markets, Aleksey Vinogradov commenting for banki.ru:

http://www.banki.ru/news/lenta/?id=9629874&r1

Vedomosti: Vladimir Tikhomirov, Chief Economist of BCS Global Markets commenting on Federal Property Management Agency insists on 50% of SOE profits

http://www.vedomosti.ru/economics/articles/2017/03/23/682361-rosimuschestvo-goskompanii-pribili

RIA NEWS: Vladimir Tikhomirov, Chief Economist of BCS Global Markets commenting on the course to easing: the CBR has no reason to hold the rate

https://ria.ru/economy/20170323/1490690776.html

Prime: Vladimir Tikhomirov, Chief Economist of BCS Global Markets commenting on February macro screen recession, but should be ignored

http://1prime.ru/experts/20170322/827276883.html

Federalexpress: Vladimir Tikhomirov, Chief Economist of BCS Global Markets commenting on “Credit Rating in advance. International rating agencies bet on Russia”

http://fedpress.ru/article/1760639

Delovoi Peterburg: Olga Naydenova, Senior analyst, BCS Global Markets commenting on “Bank St. Petersburg leans toward retail”

https://www.dp.ru/a/2017/03/22/Bank_Sankt-Peterburg_sk

Gazeta.ru: Vladimir Tikhomirov, Chief Economist of BCS Global Markets commenting on “Strong ruble: on the way to freezing the rate”

https://www.gazeta.ru/business/2017/03/21/10587083.shtml

Vedomosti: Vladimir Tikhomirov, Chief Economist of BCS Global Markets commenting on “Oreshkin attacks Rosstat's new methodology”

http://www.vedomosti.ru/economics/news/2017/03/21/682136-oreshkin

RBC: Oleg Petropavlovskiy, Senior analyst, BCS Global Markets commenting on “Usmanov to get $121.7mn in dividends from Metalloinvest”

http://www.rbc.ru/business/21/03/2017/58d158779a794756eb55a773

Vedomosti: Senior analyst BCS Global Markets Igor Goncharov commenting on Megafon is to buy out 50% of Euroset from VimpelCom

http://www.vedomosti.ru/technology/articles/2017/03/21/681980-megafon-evroseti-vimpelkoma

RBC: Vladimir Tikhomirov, Chief Economist of BCS Global Markets commenting on 'Forbes' Golden Hundered: why billionaires get only richer

http://www.rbc.ru/business/21/03/2017/58d017f79a794717eb78b5f4

Vedomosti: Vladimir Tikhomirov, Chief Economist of BCS Global Markets commenting on “The ruble is 10–12% stronger than it should be”

http://www.vedomosti.ru/finance/articles/2017/03/21/681966-rubl-dorozhe

Vedomosti: Senior analyst BCS Global Markets Kirill Tachennikov commenting on Transneft profit:

http://www.vedomosti.ru/business/articles/2017/03/22/682159-pribil-transnefti

Vedomosti: Kirill Chuyko, Head of Equity Market Research, BCS Global Markets commenting on “Metalloinvest moves from Moscow to Stary Oskol”

http://www.vedomosti.ru/business/articles/2017/03/19/681778-metalloinvest-pereedet

Prime: Vladimir Tikhomirov, Chief Economist of BCS Global Markets commenting on Industrial output in Russia should rise 2.8% for the year.

http://1prime.ru/experts/20170320/827267266.html

BNE Intellinews: Senior analyst BCS Global Markets Marat Ibragimov comments on article “ Investors shy away from market darling Magnit as Russia’s retail sector competition toughens”

http://www.intellinews.com/investors-shy-away-from-market-darling-magnit-as-russia-s-retail-sector-competition-toughens-117779/?source=russia

Delovoi Peterburg: Olga Naydenova, Senior analyst, BCS Global Markets commenting on “Robbing blind. Russian banks's Ukrainian subsidiaries may lose assets”

https://www.dp.ru/a/2017/03/17/Pozarilis_na_poslednee

Vedomosti: Senior analyst BCS Global Markets Marat Ibragimov commenting on residential real estate market.

http://www.vedomosti.ru/realty/news/2017/03/17/681634-sdelki-novostroikami-podmoskove-upali

On 15 March 2017 the Forum of Institutes for Development was held in Moscow in the wake of Russian Business Week

The Forum was opened by Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs and addressed key topics such as the efficiency of institutes for development, change of paradigm of institutes for development in the mid-term perspective, experience of undergoing appropriate expertise, scientific monitoring and expert analytics for projects and their support and promotion.

Organised by the Committee of the Russian Union of Industrialists and Entrepreneurs for the Investment Policy, the Forum also hosted the practical session PROMIR– Industry. Institutes for Development".

The session looked into topics including funding options for small and medium businesses in the securities market, financial support of projects, project financing with participation of banks, non-finance resource and advisory and expert support of projects.

Roman Lokhov, Chief Executive Director, BCS Global Markets participated the session with the report entitled: "Potential of attracting financing for SMEs through financial instruments". Other participants of the roundtable included Margolit Gennady, the Executive Director for the Innovations and Investments Market, Moscow Exchange, Avtukhov Mikhail, Deputy Chairman of the Management Board, Sovcombank, Zhelezko Oleg, Managing Partner, Da Vinchi Capital, and other representatives of the financial market.

RUSSIA RISING STARS CONFERENCE - High Yield Bonds

On 14 March, BCS Global Markets held the first conference Russia Rising Stars High Yield Bonds, an event organized for issuers of high-yield bonds and private investors.

The conference took place at Swissotel Krasnye Holmy with over 50 guests gathered. The event was kicked off by Aleksey Kupriyanov, Head of Debt Capital Markets Department, followed by Leonid Ignatiev, Senior Analyst of Prime Brokerage Department, with an overview of high-yield bond market.

Investors had an opportunity to meet with representatives of such companies as Polyplast, Element Leasing, Leader-Invest, HC Finance (Home Credit Group), RSG-Finans (KORTROS) and 4Finance S.A. (FINSTAR).

Aleksey Kupriyanov, Head of Debt Capital Markets Department, comments:

This is the first conference on the bond market of such kind. We were very pleased to see that investors expressed a lot of interest in the conference and plan to arrange such events on a regular basis going forward.

http://finbuzz.ru/bcs-global-markets-sobral-emitentov-i-investorov

BCS GM as a member of Steering Committee of the Securities Houses Compliance Officers Group (SHCOG)

Wendy Langridge, Head of Compliance & Corporate Governance, BCS Global Markets has joined the Steering Committee of the Securities Houses Compliance Officers Group (SHCOG), London’s leading Compliance Officers Industry Group. In joining the committee, Wendy sits alongside representatives from EU and US Tier 1 banks and financial institutions such as Deutsche Bank, Nomura International, Macquarie, UBS, HSBC Merrill Lynch and Barclays and is the first ever committee member to be invited from a Russian Institution.

SHCOG was set up in 1986 as an educational body, run “for Compliance by Compliance” with members of more than 100 international financial institutions. The group’s primary objective is to provide a forum for further education and training of compliance officers and foster networking between compliance officers from different firms and countries.

As well as holding monthly events, it runs TECC (The European Compliance Conference), a leading international forum featuring senior speakers from the EU Commission, Regulators, Law Firms and Compliance Practitioners and attended by firms from over 20 countries.

Wendy Langridge said: This is an excellent opportunity to further enhance BCS’s regulatory profile and collaborate with senior regulatory practitioners to develop programmes for the global compliance community

Vedomosti: Marat Ibragimov, Senior Analyst BCS Global Markets comments on Russian Agriculture Sector

http://www.vedomosti.ru/business/articles/2017/03/01/679564-odin

http://stocks.investfunds.ru/news/119695/

RBC TV: Interview with Roman Lokhov, CEO of BCS Global Markets

In an interview with RBC TV, Roman Lokhov, CEO of BCS Global Markets, shared his views on the current trends across the investment banking industry.

Roman discussed the potential risks on the horizon, and the development of Russian financial markets. He also explained BCS Global Markets position in the market, and plans for the future.

http://tv.rbc.ru/archive/rbkplus/58b49a359a79471f3a453136

RBC: Aleksey Kupriyanov, Head of DCM Department, BCS Global Markets comments on federal bonds with fixed and variable coupon income market

http://www.rbc.ru/finances/27/02/2017/58b3e5589a7947c625316871

Vestifinance: Maria Radchenko, Head of FI Research BCS Global Markets shares her view on increasing demand for Russian Eurobonds and Sovereign Eurobonds placement

http://www.vestifinance.ru/articles/81766

Bloomberg: Interview with Head of Fixed Income BCS Global Markets Aleksey Vinogradov

Head of Fixed Income, BCS Global Markets Aleksey Vinogradov shares his view on bond market and BCS Global Markets plans and strategy with Bloomberg:

http://www.finanz.ru/novosti/aktsii/bks-rasshiryaet-dolgovye-operacii-za-schet-komand-dvukh-stolic-1-1001766630

Oleg Achkasov, Head of BCS Global Markets Equity Trading Russia, BCS Global Markets shared his view on the market on RBC TV

http://tv.rbc.ru/archive/pro_finansy/5891cfcd9a7947c57bf0bf6d

Yuri Prilipov, Head of Investment Banking, BCS Global Markets commenting for Euromoney - Emerging Europe: Western banks return to Russian IPOs on the back of the Detsky Mir IPO announcement

http://www.euromoney.com/Article/3656513/Emerging-Europe-Western-banks-return-to-Russian-IPOs.html?printrequest=true

BCS Global Markets co-sponsored Europe EQD 2017 held on January 30th-31st

BCS Global Markets had a visible representation at the European Equity Derivatives conference in Barcelona earlier this week. The event is the biggest equity derivative focused event in Europe and attracted over 400 participants.

BCS was a global Sponsor alongside BoA Merrill Lynch, CBOE, Deutsche Bank, Susquehanna, UBS and LSE.

The event started with a BCS-Eurex buyside only workshop focused on Russia where Head of Equity Derivatives Trading Matthieu Ressencourt and Head of Markets business division, Yossi Dayan presented BCS capabilities and their views on the market.

http://eqderivatives.com/europe-eqd

Vladimir Tikhomirov, Chief Economist of BCS Global Markets shared his view on the economic programme of President Donald Trump on RBC TV

http://tv.rbc.ru/archive/babich/588a113c9a79473b32bef0d1

Press releases, 2016

Cyprus-Based BrokerCreditService Structured Products PLC Rated “B/B”, Outlook Positive

BCS Structured Products is one of the key subsidiaries of BCS Financial Group focusing on structured products.

Anton Rakhmanov, Deputy Chairman of BCS Group, Asset Management: “A solid credit assessment to our structured products business proves that the company is on the right track, properly assessing the risks and providing effective investment solutions to the clients. In the highly volatile market environment this rating action serves as acknowledgement of the stable position and leadership of BCS. We currently have the widest range of structured products and will continue to further strengthen our presence in the market”.

The Annual “2016 Russian Capital Markets” Forum, arranged by the Moscow Exchange and Shanghai Stock Exchange, took place in Shanghai on December 22nd

BCS Global Markets was presented by Deputy Chief Business Officer of the Russian region Denis Zabolotnev, who participated the panel discussion “Infrastructure and key investment opportunities of Russian financial market”. As part of this, Denis shared BCS’s views across Russian Market, looking ahead to 2017, and also spoke about the key products and investment strategies implemented by international clients on Russian market.

BCS Global Markets launched their inaugural Russia’s Rising Stars event this week in Stockholm

The event held by the Investment Banking and Equity Trading divisions gave attendees the opportunity to meet private Russian companies planning to enter the equity market – representing the retail sector, including production of consumer goods, retail trading, transport services and logistics, е-commerce.

The participants of the event included leading Scandinavian investment funds and traditional Russian equities’ investors.

Commenting on the event, Head of BCS Investment Banking Yuri Prilipov said:

The event saw both investors and companies with strong prospects of entering the public domain in 2017-2018 and the day’s activities gave participants the opportunity to see the capabilities of BCS’s new investment banking platform. Given the success, we hope this event will become an annual gathering where investors can familiarise themselves with new market opportunities on offer to Russia.

BCS acted as a Joint Bookrunner at the initial public offering of RussNeft, successfully completed on Nov, 25 2016 at the MOEX. The offering size was equivalent to 20% of the ordinary shares sold at 550 rubles per share for a total consideration of RUB 32.4 billion. The IPO marks a first offering in the Russian Oil & Gas space for the past 10 years, and is one of the largest on the Russian equity capital market in 2016. The RussNeft offering enjoyed oversubscription by investors, including private individuals, who secured about 10% of all the orders placed. The proceeds from the IPO shall be invested into new assets acquisitions as well as for settlement and repayment of the existing debt. On this transaction, BCS has acted as part of the banks syndicate, along with VTB Capital, Sberbank CIB and Aton.

Roman Lokhov, Member of the Managing Board and CEO for Global Markets and Investment Banking services, commented: "We are satisfied with the results of the IPO. It marks the first time BCS participated in an offering of this nature, acting as a Bookrunner alongside the major market players. An expansion of our presence in the initial public offerings segment is an integral part of the development and strengthening of BCS Investment Banking platform in Russia and internationally."

Mikhal Butrin, Head of Capital Markets and Investment Banking services in Russia and CIS, stated: "BCS successfully demonstrated the ability to execute transactions in the Russian capital market, materializing synergy among its investment bankers, sales teams, industry analysts and retail. As a result, BCS once again reaffirmed the trust it holds with the customers and the market."

Yuriy Prilipov, Head of the Investment Banking Division commented: "I am satisfied with the performance of the BCS team, which shortly after the public offering demonstrated a high level of professionalism coupled with industry and technical expertise. We see a growing demand for Russian stocks in the capital markets, giving us confidence that new public offerings with the participation of BCS shall be in demand from both Russian and international investors. In return, it will allow us to further capitalize the success of the BCS Investment Banking platform."

About the Company: RussNeft is amongst the top 10 largest Russian oil companies by production. The Company holds a balanced asset portfolio in key oil and gas regions of Russia (Volga-Urals, Western and Central Siberia), as well as in Azerbaijan. As of 2015, the 2P reserves were in excess of 200 mnt (SPE) with annual production of 7.9 mnt of oil (inclusive of Azerbaijan). Around 10,000 people are employed by the Company. The authorized capital of the Company consists of 294,120,000 ordinary shares and 98,032,000 preferred shares. Following the offering the Gutseriev family (through BELYRIAN HOLDINGS LIMITED and subsidiaries) owns 60% of the share capital (47% of ordinary shares) of the Company. Glencore plc and its subsidiary companies owned 25% of the share capital (33% of ordinary shares) of RussNeft.

Outlook On BrokerCreditService (Cyprus) Revised To Positive On Better Group Funding Profile

On Nov. 24, 2016, S&P Global Ratings revised its outlook on Cyprus-based securities firm BrokerCreditService (Cyprus) Ltd. (BCS Cyprus) to positive from stable. At the same time, we affirmed our 'B/B' long- and short-term counterparty credit ratings on BCS Cyprus.

The outlook revision reflects the improvement in the funding profile of BCS Group, with higher reliance on stable funding sources such as equity, deposits, and structured products.

https://www.vedomosti.ru/finance/articles/2016/11/28/667109-bks-privlekla-milliardi

Yossi Dayan, Head of Markets BCS Global Markets on CNBC explains why a Donald Trump victory is “undeniably positive” for Russia

Will President Trump restore ties with Russia?

Vladimir Tikhomirov, Chief Economist of BCS Global Markets shared his view on the markets in view of the United States presidential election on RBC TV

http://tv.rbc.ru/archive/babich

The Russian National Association of Securities Market Participants (NAUFOR) held their ninth annual conference “The Russian Securities Market 2016” in Ekaterinburg on the 27th October

where BCS Global Markets’ CEO Roman Lokhov and Konstantin Khlyzov, Deputy CEO were both in attendance.

The conference saw Roman participate in their annual round table alongside 40 representatives from financial companies, brokers and the central regulator. The professionals from various regions including Moscow, Ural, Siberian and far Eastern regions debated over the current regulatory problems facing the sector.

The round table was chaired by Alexey Timofeev, Chairman of Executive Board of NAUFOR and explored topics including the market development strategy and current situation, the consultation from the Central Bank on brokers and the planned introduction of capital adequacy ratios and liquidity ratios for brokers by the Central Bank. Furthermore, the implementation of the Deposit Insurance Agency’s insurance fund, and the further client requirements entailed by brokers, was a prominent focus during the discussion.

TRAINING SESSIONS IN THE IR ACADEMY CONTINUE

The MOEX IR Academy’s second training session took place last week on the 19th October at their Vozdvizhenka offices. The one year educational programme is designed for investor relations and corporate communications specialists and analysts to benefit from the academy’s resources to explore the profession, from the history of IR to state-of-the-art digital technologies used in the sector.

The session focused on construction of an investment case of a company and kicked off with an engaging discussion titled “A public company, positioning and promotion in the market, dealing with crisis situations” – speakers included were Leonid Vakeev, Head of Investor Relations at VTB, and Yakov Barinsky, Head of Investor Relations at Qiwi.

Tom Blackwell and Varvara Kiseleva continued the session, sharing their experience with respect to analysis of financial statements of companies. Tom and Varvara answered audience questions and provided interesting examples from their practice. Varvara Kiseleva isin charge of investor relations at Qiwi, and Tom Blackwell has more than 10 years’ experience in communication support of IPOs of Russian companies (from Raspadskaya in 2006 to “Mother and Child” in 2012 and many others). He has rich experience in support of high-level M&A transactions in Russia, including Pepsi and Lebedyansky, Enel, OGK-5 and others. Anna Vasilenko, Managing Director, Primary Market Development and Customer Support, moderated the session and the discussion during its first part.

Following a break the second part of the session began with looking at the role of liquidity in the value of the company, indices and free float were discussed. Ilya Pitersky, analyst at VTB Capital, shared his experiences and advice. The session concluded with Oleg Achkasov, Managing Director, Head of Equity Trading Russia, BCS Global Markets, and Alexey Boyko, IT Invest – who spoke about market makers as an instrument of maximizing value for shareholders. Pavel Popov, Head of Sales, Joint-stock Capital Markets, the Primary Market Department, moderated the second part of the session.

Approximately 45 participants took part in the training session, including both recent graduates and current heads of IR services of major companies. When polled about the session after, participants marked the benefits of being given the opportunity to use real examples from their experience of domestic and foreign companies, engagement in interactive presentations and the opportunity to receive practical advice from recognized experts. The feedback also revealed participants would appreciate further time set aside for questions and answers with the experts – but overall, participants were very satisfied with the session and enjoyed benefited from the experience and as a whole.

BCS Global Markets’ London office hosted a Group Lunch attended by Alrosa’s Independent Director and Member of their Supervisory Board and also a non-executive director of the Moscow Exchange, Ms. Masha Gordon, on the 19th of October

Event attendees, including investors, were given the opportunity discuss a variety of topics including Alrosa, corporate governance and general operations. Furthermore, the lunch saw insightful discussions and questions surrounding the Moscow Exchange and in particular market share vs the London IOB, the MSCI index and Russian sanctions.

Ms. Mash Gordon, who currently serves as a non-executive director at Alrosa, found the lunch to be an overall success which gave investors a chance to engage and discuss insightful and important issues.

Prior to her position at Alrosa, Ms. Gordon spent 16 years of her career working in finance as Managing Director of the Investment Management Division at Goldman Sachs for 12 years and most recently led the emerging markets portfolio management team at PIMCO. Following this, she moved to a portfolio career of non-executive board roles in 2014 and currently serves as a non-executive director of Alrosa (ALRX RX), the world’s largest diamond company and Moscow Exchange (MOEX RX). She is also Vice Chair of the Board of Advisors for the Fletcher School of Law and Diplomacy at Tufts University, a member of the investment committee of the Enterprise Development Programme at Oxfam UK, and on the Council of the Girls Day School Trust.

BCS Global Markets was presented by Chief Business Officer for UK, Europe, and USA Bradley Duke and Head of our international sales-trading Mark Cleary.

BCS Global Markets participated in a high profile seminar held by Bloomberg and the London Stock Exchange on the subject of: “New Opportunities in Flow Derivatives”

The event took place in City Gate House and was split into two sections, exchange traded emerging market options and FTSE 100 weekly options.

Specifically, Matthieu Ressencourt, Head of Equity Derivatives Trading at BCS GM took part in the panel discussion regarding: “Opportunities in Emerging Market options”.

Matthieu spoke alongside key representatives of the financial community, including Craig Gabert from Deutsche Bank and Yigit Arikok from IS Investment, whilst the round table was hosted by Massimo Butti, head of Business Development of LSEDM.

Finopolis 2016 — The Russian Federation’s second annual forum — dedicated to innovative technologies in the financial sector — has taken place today in Kazan

Speakers at the event including Rustam Minnikhanov, the President of the Republic of Tatarstan, Elvira Nabiullina, the Governor of the Bank of Russia and Herman Gref, the President of the Sberbank of Russia, participated in the discussions covering current trends in the interaction optimization of mega-regulators, government authorities and participants of the financial market.

Roman Lokhov, the CEO of BCS Global Markets, Andrey Aletdinov, the Director of the BCS Broker, and Ruslan Smirnov, the Marketing Director of BCS Broker all attended the event to represent BCS FG.

Furthermore, Roman Lokhov took part in the Moscow Exchange organized panel discussion Robotrading, advising, etc. How far will robotization of investment instruments go?

Key representatives of the financial community, including Sergei Shvetsov (the Bank of Russia), Ruben Aganbegyan (Otkritie) and Evgeny Kovalishin (FinEx) also participated in the discussion.

The round table was hosted by Alexander Afanasiev, the Chairman of the Executive Board of Moscow Exchange.

http://finopolis.ru/en

Oleg Achkasov, Head of BCS Global Markets Equity Trading Russia, BCS Global Markets shared his view on the market on RBC TV

http://tv.rbc.ru/archive/pro_finansy/57fe280c9a7947e50a5b9272

BCS Global Markets participated in a high profile seminar held by Bloomberg and the London Stock Exchange on the subject of:

“New Opportunities in Flow Derivatives”.

The event took place in City Gate House and was split into two sections, exchange traded emerging market options and FTSE 100 weekly options.

Specifically, Matthieu Ressencourt, Head of Equity Derivatives Trading at BCS GM took part in the panel discussion regarding: “Opportunities in Emerging Market options”.

Matthieu spoke alongside key representatives of the financial community, including Craig Gabert from Deutsche Bank and Yigit Arikok from IS Investment, whilst the round table was hosted by Massimo Butti, head of Business Development of LSEDM.

BCS Global Markets and Caderus Capital Announce Cross-Border Investment Partnership

Agreement will aid distribution of first Chinese equity fund in Russia

Moscow, 26 September 2016 - BCS Global Markets, the largest securities broker on the Moscow Exchange, has signed a partnership agreement with Caderus Capital, the Russian-Chinese investment group, in order to further develop cross-border investments between China and Russia.

Both companies have agreed to combine efforts to promote the Caderus China Fund, the first Chinese equities investment fund in Russia, among Russian investors. The fund will be exclusively managed by the Hong Kong subsidiary of one of the oldest and respected firms in the Chinese asset management industry, China Asset Management.

Alongside this initiative, Caderus Capital shall use its experience and network of Chinese investors to attract private and institutional money to the Russian market via BCS’s investment platform. The partnership agreement also includes cooperation in other areas, including arranging listing on the Moscow Exchange for Chinese mainland companies.

Denis Zabolotnev, Deputy Chief Business Officer of the Russian region, CEO BCS Global Markets, said:

“Our collaboration with Caderus Capital, who are experienced China experts in Russia, is the result of our concerted efforts to build a two-way highway for cross-border portfolio investment between Russia and China, and is part of the long-term development strategy of our financial services and investment business. We look forward to welcoming Chinese investors and corporates into Russia and will be introducing the Caderus China fund to our eligible clients.”

Andrei Akopian, Managing Partner of Caderus Capital, said:

“We are delighted to initiate a relationship with one of the leaders in the Russian financial market and to contribute to the further development of Russian-Chinese investment activity. As a result of our cooperation, an investment bridge has been created for portfolio investments between Russia and China, which can be used by investors in both countries to broaden their investment horizon and acquire direct access to investment products in new, interesting, and dynamic markets that have a lot of growth potential.

The research department of BCS Global Markets arranged an investor meeting with Sergey Rezontov (CFO) and Alexey Lukashov (Head of IR) representing Mechel

The event provided an opportunity for clients to discuss the most relevant questions in industry, most notably the outlook for coal price growth in Russia and globally. Likewise investors discussed the firm’s current deficit, further development of the company and increases in production at the Elgin deposit (which represents a key growth area), the likelihood of debt reduction and the prospects for dividend payment on ordinary and preferred shares.

The event took place in National Hotel and over 20 major Funds in Moscow participated.

On 17 September 2016, Oleg Achkasov, Head of Equity Trading, BCS Global Markets, represented BCS Investment Bank at the 10th anniversary of the Moscow School of Management SKOLKOVO. Oleg was involved in the “The Search of Business Growth” session organised by Moscow Exchange

Igor Marich, Managing Director of the Money Market business division, at the Moscow Exchange, moderated the panel discussion in which Anna Vasilenko (Moscow Exchange) and other representatives of the business community took part, including Michael Kuchment, a co-owner of Hoff! furniture retail stores and Sovcombank, and Oscar Hartmann, the founder and general director of KupiVIP.

The panel discussion shared their development strategies, and reviewed the difficulties and the potential business growth areas in the current market conditions.

“We see the business growth potential in a model in which a client receives a financial instrument that will bring increased returns in the equity and bond markets. We need to provide financial advisory services rather than mere access to services, and comprehensive investment banking services at acceptable prices for a wide range of companies rather than an exclusive service for 20 largest companies. It is also important to point out that our shareholder is absolutely dedicated to the business and is actively involved in all the processes, which, certainly, facilitates the dynamic development of BCS Financial Group,” Oleg Achkasov said.

BCS Global Markets Hires Two Regional MDs to Drive Business Expansion

BCS Global Markets has announced two major hires to its senior team, as part of a wider drive to continue its restructuring drive across the global business.

Mikhail Butrin, has been appointed to the role of Managing Director, Chief Business Officer Capital Markets and Investment Banking, Russia and CIS. In addition Bradley Duke has been appointed to the position of Managing Director, Chief Business Officer for UK, Europe, and USA.

The hires come as part of a wider strategic restructuring across BCS Global Markets, driven by a commitment to continuing the firm’s expansion and development as a business, which in recent years has gone from strength to strength in Europe and North America.

As part of this transition, Mikhail and Bradley will be responsible for profit growth along all business lines in their respective regions. This move comes as part of wider internal restructuring efforts designed to improve efficiency and transparency, along the lines of the capital-productive model already employed by BCS’s investment banking operations.

Both hires represent major additions to BCS’s capabilities and capacity. Prior to joining BCS, across over 20 years in finance, Mikhail Butrin was Managing Director in Barclays Capital, in 2008 – 2013 he was Co-Head of Global Banking in VTB Capital and prior to that Managing Director of Investment Banking Division in Deutsche Bank.

Bradley Duke likewise joins BCS with a long pedigree in financial services. In his role as Managing Director at Knight Capital, Bradley headed Knight Direct Europe and Knight’s Hotspot FX business in Europe. Prior to this, Bradley was Senior Vice President and Head of Electronic Trading Services at Jefferies International, where he was responsible for building out and commercializing Jefferies’ direct trading infrastructure for Europe and Asia.

Roman Lokhov, CEO, BCS Global Markets, said:

“It is my pleasure to welcome Michael and Bradley to BCS, who both have excellent reputations in the market. This is the perfect time strategically for us to strengthen our senior team at a time when there is lots of business available for us to pick up as more competitors leave the market. We now have a very strong team, and I am sure our expertise will help us to achieve exponential growth.”

He added: “With our ongoing business development drive, one of our key goals in Russia is to take the leading position in the domestic market for investment banking services, and to gain a key market share of business in the US, Europe and Asia.”

Finance Magnates: http://www.financemagnates.com/executives/moves/bcs-global-markets-appoints-two-managing-directors-to-lead-regional-expansion

Waterstechnology: http://www.waterstechnology.com/sell-side-technology/news/2470218/two-new-mds-at-bcs-global-markets-to-drive-global-expansion

Global Capital: http://www.globalcapital.com/article/zg7f4hbtfw9c/bcs-global-markets-hires-senior-duo

FTSE Global Markets: http://www.ftseglobalmarkets.com/news/bcs-global-markets-hires-two-regional-mds-to-drive-business-expansion.html

Finmarket: http://www.finmarket.ru/database/comments/4365595

Finbuzz: http://finbuzz.ru/mihail-butrin-i-bredli-dyuk-prisoedinilis-k-bcs-global-markets

Vyacheslav Smolyaninov, Chief Strategist of BCS Global Markets, shared his view on Russia 2Q16 Earnings Analysis on RBC TV

http://tv.rbc.ru/archive/rbc_expert/57c696d69a7947628bb121e5

AG WEB: Oleg Petrpavlovskiy, Senior Analyst of BCS Global Markets comments on potash market

http://www.agweb.com/article/whatever-the-merits-of-potash-agrium-deal-prices-arent-one-blmg

Oleg Achkasov, Head of BCS Global Markets Equity Trading Russia, BCS Global Markets shared his view on the market on RBC TV

http://tv.rbc.ru/archive/pro_finansy/57bd8e489a794799de11a233

Marat Ibragimov, Senior Analyst BCS Global Markets on RBC. Expert

http://tv.rbc.ru/archive/specproject/57bab9089a79474e56a39231

Senior Analyst BCS Global Markets in Oil & Gas Sector Kirill Tachennikov with his oil price forecast for RBC. Expert (RBC TV)

http://tv.rbc.ru/archive/rbc_expert

BCS Global Markets Strengthens its Investment Banking Platform

Five new senior appointments continue driving BCS Global Markets’ expansion in investment banking

BCS Global Markets (“BCS”), the leading Russian independent equity house, today announced five new senior appointments in its recently formed Investment Banking team aimed at expanding BCS’ business and capabilities.

The new appointments include:

1. Igor Ushakov – Managing Director, who will be responsible for covering companies in metals and mining, industrials and power and utilities sectors. Igor has over 10 years of experience in investment banking. Prior to joining BCS he worked as a Director at Sberbank CIB, and prior to that he was a Director at Deutsche Bank and worked for Merrill Lynch in London.

2. Azer Mamedov – Managing Director, who will be in charge of covering clients in consumer, retail, telecommunications and technology sectors. Azer joins BCS with over 10 years of experience in investment banking. Prior to joining BCS, Azer held senior positions at UBS and Credit Suisse.

3. Alexey Kletenkov – Director, Head of Equity Capital Markets (“ECM”) who will be responsible for leading BCS ECM franchise across all sectors. Alexey has 9 years of experience in investment banking and equity capital markets, having worked for Sberbank CIB and Deutsche Bank in Moscow and JP Morgan in London prior to joining BCS.

4. Dmitry Kozyrev – Director, who will be responsible for covering clients in oil and gas and petrochemicals sectors. Dmitry has 9 years of experience in investment banking. Prior to joining BCS he worked for Sberbank CIB in Moscow and Renaissance Capital in Moscow and Kiev.

5. Oleg Zubarev – Director, who will be responsible for covering companies in financial institutions sector, joins after 9 years in corporate finance, having worked for Morgan Stanley and Nomura in Moscow and London.

BCS Investment Banking team has been led by Yuri Prilipov, who was a Managing Director at Sberbank CIB covering companies in oil and gas and oilfield services sectors. Prior to that he worked at VTB Capital in Moscow and Credit Suisse in Moscow and London.

The new hires follow the prior appointments of Oleg Achkasov, who joined as a Head of BCS Global Markets Equity Trading, and Aleksey Kupriyanov, who joined as Head of Debt Capital Markets (“DCM”).

Roman Lokhov, CEO of BCS Global Markets, said:

“The BCS team has extensive experience of M&A advisory, ECM and DCM deals in Russia and abroad, knowledge of key industrial sectors and long-standing relations with key industry players. We hire the best specialists on the market and invest in further development of investment banking as we believe that within 2 years this business line will bring significant revenue to BCS Global Markets”.

Yuri Prilipov, Head of BCS Investment Banking Department, added:

“We strongly believe in Russian market and plan to actively develop a strategic dialogue with corporate clients based on knowledge and experience of the new team, and the unique capabilities of BCS platform – a leader in Russian equities. BCS Investment Banking is focused on building long-term relationships with corporate clients and offering a range of value creative investment banking services, tailored to clients’ needs.”

http://www.automatedtrader.net/news/at/156092/bcs-global-markets-hires-five-senior-staff

http://www.atmonitor.co.uk/news/newsview.aspx?title=bcs-global-markets-hires-five-senior-staff

http://www.fow.com/3578328/Broker-BCS-expands-with-five-senior-hires.html

FG BCS Ltd – new holding company of BCS Financial Group – Rated 'B-/C'; Outlook Stable; BCS Holding International Ltd 'B-/C' Ratings Withdrawn

In 2016, BCS Financial Group introduced a new top-level holding company, FG BCS Ltd., to its group structure, and we will therefore eventually liquidate BCS Holding International Ltd.

S&P has assigned 'B-/C' ratings to FG BCS Ltd and has withdrawn the 'B-/C' ratings on BCS Holding International Ltd at the group's request.

The stable outlook on FG BCS Ltd reflects S&P’s view that the group will be able to withstand potential deterioration of operating conditions in Russia in the next 12-18 months, while maintaining sufficient capitalization and liquidity.

Bloomberg: Senior Analyst BCS Global Markets Oleg Petropavlovskiy commenting on Mechel

http://www.bloomberg.com/news/articles/2016-07-21/mechel-s-foreign-lenders-seek-more-collateral-for-restructuring-iqvzzrl3

Mineweb: Senior Analyst BCS Global Markers Oleg Petropavlovskiy commenting on Mechel

http://www.mineweb.com/news/gold/gold-falls-turkey-president-asserts-control-failed-coup

BCS Global markets makes debut at SPIEF’16

Business leaders gathered at a private night organised by BCS Global Markets and the Fabergе Museum on 16th June 2016, during the 20th St. Petersburg International Economic Forum (SPIEF). Major Representatives from the worlds of culture and finance took part in the celebration which, according to the organisers, will become a recurrent event.

This year, guests were welcomed by Marc Faber, famous investor and billionaire, and a private concert by Dmitri Hvorostovsky, the world-famous opera singer, was also held.

Roman Lokhov, Chief Executive Director at BCS Global Markets commented: “BCS GM is developing steadily and has been enjoying robust volumes on the domestic market. Whilst the success of our business is something we must highlight, we also felt like it was a good opportunity for us to contribute to the cultural values of Russia. We were therefore delighted to collaborate with the Fabergй Museum, an absolutely unique venue, and to launch the event on the opening day of the 20th anniversary of the St. Petersburg International Economic Forum 2016.”

BCS Global Markets CEO & chairman, Roman Lokhov talks about how the lifting of sanctions on Russia would benefit his business and the country – CNBC for Saint Petersburg Economic Forum

http://video.cnbc.com/gallery/?video=3000526387

Financial statements of 2015 demonstrated profit growth by 600% due to REPO transactions and margin lending

http://kommersant.ru/doc/3014003

Kirill Chuyko, Head of Equity Market Research at BCS Global Markets, ranked leading EMEA analyst 2016 by prestigious financial magazine Institutional Investor

Kirill Chuyko, Head of Equity Market Research at BCS Global Markets, has been ranked the top EMEA analyst in 2016 by Institutional Investor magazine.

The 2016 Emerging EMEA Research Team Ranking’s selection process is based on a poll Institutional Investor holds amongst heads of research divisions and investment directors of global financial institutions on an annual basis.

Denis Zabolotnev, Head of Local Client Business Division at BCS Global Markets, commented: “This is real recognition of the success of the BCS Research Team which has been enjoying a leading position in Institutional Investor’s Ranking for years now. An investment bank is, first and foremost, made by individuals, and we put a lot of effort in building a world-class team of experts”.

This year, Institutional Investor polled 630 analysts and managers working at 375 different financial institutions and managing portfolios reaching a total volume of USD320 billion for the EMEA markets and of USD157 billion for the regional debt market.

In 2015, Institutional Investor ranked BCS Financial Group seventh, and the industry research report Metallurgy awarded Kirill Chuyko and Oleg Petropavlovsky, senior Analyst at BCS Financial Group, the second place in Russia.

Institutional Investor is an established name among global financial publications, and has been providing readers with vital and reliable analysis for fifty years. The publication implements proprietary research and rating activities, and their results are known to have a stringent assessment criteria.

Acquisition of US Broker Dealer by BCS Global Markets Approved by Regulator

FINRA approval formerly seals the purchase of Alforma Capital Markets, Inc.

New York, 7th June 2016 – Alforma Capital Markets, Inc., a New York-based US broker dealer, has taken a step closer to being acquired by BCS Global Markets, the largest securities broker on the Moscow Exchange, by achieving formal regulatory approval from US regulatory body FINRA (Financial Industry Regulatory Authority).

The transaction is expected to close within a couple of weeks, and will signify the official launch of operations for BCS Global Markets into North America, the world’s largest capital market. Once finalised the firm will be renamed BCS Americas Inc., and will provide brokerage and investment services to US-based institutional investors seeking to access Russian securities market.

With a significant market share of trades on the Moscow Exchange, reaching 25% of securities trading across all asset classes, BCS Global Markets has already received positive interest from local institutions, bearing witness to the growing appetite for Russian products in the US.

Luis Saenz, Head of Equity & Trading, BCS Global Markets commented:

“US-based institutions are the leading international investors in both emerging and Russian markets. The launch of BCS Global Markets’ operations in the US is confirmation of the Group’s ambitions to further develop investment from the region, and continue to tap into this exciting market.”

Roman Lokhov, Chief Executive Officer of Global Markets and Investment Banking at BCS, added:

“Amidst a challenging global backdrop, we have been granted regulatory approval from FINRA. This development is testament to how, in the past three years, BCS Global Markets has become one of the leading financial institutions in Russia through strategic investment in market expertise, products and infrastructure. As a result, we are now perfectly suited to bring these operational benefits to the US market.”

In the past three years BCS has become one of the leading independent financial institutions in Russia through strategic investment in market expertise and infrastructure. Its research team is one of the top rated internationally, and boasts robust best execution, financing capabilities and prime brokerage services.

http://www.intellinews.com/russian-broker-bcs-gets-wall-street-green-light-98638

BCS Global Markets Investment Bank is reinforcing its investment banking business

BCS Global Markets Investment Bank is reinforcing its investment banking team.

Yuri Prilipov, who formerly was responsible for work with the oil and oil service sectors at Sberbank CIB and worked in the investment banking departments at VTB Capital and Credit Suisse in London and in Moscow, has joined us.

Yuri has been appointed to the position of Head of Investment Banking at BCS Global Markets and will be responsible for expansion of the company in this segment.

Yuri Prilipov said:

“I am glad to join the team of BCS Global Markets, one of the most dynamic investment banks of Russia. I have an ambitious goal to build a new team of professionals for expansion in the investment banking segment. This is my new career challenge, and I will do my best to expand the platform of the Bank to facilitate achievement of goals by our clients in execution of M&As and attracting shareholder and debt capital. In the short-term perspective, we plan to attract several strong professionals from the market with solid experience with major Russian and international banks.”

Denis Zabolotnev, Head of Local Client Business Division at BCS Global Markets, commented:

“We have invested a lot of efforts and resources in development of the investment bank, and in three years BCS has become a leading independent financial company operating in the Russian capital markets. We have a market share of about 25% in all asset classes at Moscow Exchange, we have launched a quality product line for operation in the global markets, established a hi-tech prime brokerage platform, opened lines with international institutional clients, established relations with major international clients.

We continue implementation of the company development strategy, with a strong corporate finance department being its part.

We are sure that Yuri’s experience and professionalism will be useful for the investment bank, helping us maintain a high standard of services and bring them to a new level”.

http://www.kommersant.ru/doc/3006333

Yossi Dayan, Head of Markets, BCS Global Markets writing for The Telegraph “Why we look forward to a resurgent Russia”

http://www.telegraph.co.uk/business/2016/05/31/why-we-should-look-forward-to-a-resurgent-russia

BNE: article covering BCS’ move to the United States and acquisition of Alforma. Head of Equity & Trading BCS Global Markets Luis Saenz commenting on American investors.

http://www.intellinews.com/the-siberian-born-brokerage-out-to-crack-wall-street-98207

Bloomberg: Chief Macroeconomist, BCS Global Markets Vladimir Tikhomirov commenting on Russia’s handling of the recession and foreign investments into the country

http://www.bloomberg.com/news/articles/2016-05-24/for-sale-russian-mobile-phone-towers-bear-protection-optional

Capital Spectator: Head of Markets, BCS Global Markets, Yossi Dayan commenting on the impact of bets on a June Fed hike on emerging markets

http://www.capitalspectator.com/foreign-developed-market-stocks-in-the-lead-last-week

Bloomberg and Washington Post: Head of Markets, BCS Global Markets, Yossi Dayan commenting on the impact of bets on a potential June Fed hike

http://washpost.bloomberg.com/Story?docId=1376-O7EKQG6JIJUZ01-3FO0ULMARAPHPENRJIK18208NQ

Standard and Poor's Revises BCS Holding International Ltd and BCS (Cyprus) Ltd Outlooks To Stable.

Standard and Poor’s, the international ratings agency, has improved Rating Outlooks on both rated entities of BCS Group.

Therefore Ratings are affirmed as follows:

BCS Holding International Ltd: B-/Stable/C

BCS (Cyprus) Ltd: B/Stable/B

Standard and Poor’s highlights that BCS Group demonstrated substantial resilience to the challenging economic conditions in Russia. In particular, as says the agency, the Group managed to demonstrate substantial improvement in profitability in 2015 was driven by improvement of the Group's franchise, both in retail and corporate segments, and by a build-up of the international franchise.

Roman Lokhov, CEO of BCS Global Markets, said

“We are delighted that BCS is being recognised for its robust business approach and excellent fundamentals. We owe this mainly to the hard work of the individuals at the company, and the ongoing support of our clients. We are looking forward to continue growing our business lines, both domestically and abroad.”

Chief Strategist Vyacheslav Smolyaninov for RBC TV on “RBC. Expert” talking about Russian equity market correction in May.

http://tv.rbc.ru/archive/rbc_expert

Bloomberg and Freenews: Chief Strategist Vyacheslav Smolyaninov commenting on Russian markets’ recovery

http://freenews.xyz/2016/05/10/experts-have-predicted-a-reversal-in-the-russian-stock-market/

http://www.bloomberg.com/news/articles/2016-05-09/russian-equity-rally-has-bcs-elbrus-predicting-market-reversal

Bloomberg and Mineweb: BCS Global Markets commenting on Alrosa

http://washpost.bloomberg.com/Story?docId=1376-O5OJCH6JTSEX01-6901DSFBEKOH3JAU6KLMTH06IL

Bloomberg and Mineweb: BCS Global Markets commenting on Alrosa

http://washpost.bloomberg.com/Story?docId=1376-O5ZNJ06S972O01-7Q1CFIMSOM1H8T47CO25IS3TS7

Bloomberg and Mineweb: BCS Global Markets commenting on Alrosa

http://www.bloomberg.com/news/articles/2016-04-21/alrosa-diamond-sales-jump-70-in-first-quarter-as-it-sells-stock

http://washpost.bloomberg.com/Story?docId=1376-O5OJCH6JTSEX01-6901DSFBEKOH3JAU6KLMTH06IL

Trade Tech Europe World Conference celebrated its 15th Anniversary on 12-13 April, 2016 in Palais des Congrиs de Paris

BCS Global Markets was one of the sponsor at Trade Tech Europe World Conference 2016 and CEO Tim Bevan participated in one of the panel discussions, along with other senior managers of prominent institutions such as Otkritie, FinEx Capital Management, Streets Consulting and Moscow Exchange.

The theme of the panel, “Trading Russian stocks- if the most sophisticated investors are investing, why aren’t you?” led to burning topics such as:

— How to get in on the action: What are the easiest and safest investment strategies?
— Current evaluation and challenges of the Russian economy and predictions for the future
— Riding the wave of volatility- are equities and equity-like products the answer?
— What are the returns and do they outweigh the risk?

The conference brought together equities trading personnel from across Europe and key emerging markets. Over 1,000 senior equity trading professionals gathered over two days to find solutions to their most pressing trading challenges and network with key market participants.

15 of the top 20 global asset managers and 70 top-level speakers were there to help defining best execution strategy, driving desk efficiency and improving compliance and cost control.

“TTE is still the premium equity trading event in Europe”, — commented Mr. Bevan.

12th April 2016: celebrating the 7th Annual Exchange Forum at the Ritz Carlton hotel

BCS Global Markets’ CEO Roman Lokhov moderated one of the discussion panels at the 7th Annual Exchange Forum. The panel was named “Technologies of Market Access: New Services and Opportunities”. Representatives from leading financial institutions including FinEx, Nordea Bank, Finam, Alfa Capital and Otkritie Broker also participated in the discussion.

Speakers discussed issues such as the competitive advantage of Russian brokers as well as prospects of sponsored naked access on the Russian stock market.

Individual investment accounts of retail clients also triggered heated discussions. For example, speakers conceded that the product’s successful development is mainly dependent upon end-investors’ awareness. This should however improve once the necessary legal changes are introduced. State guarantees for individual investment accounts by the Deposit Insurance Agency will most likely become a direct alternative to the deposits and thus should boost investment demand of the product.

Bloomberg, GH Wallstreet and Econotimes: Senior Analyst BCS Global Markets Olga Naydenova commenting on Sberbank

http://www.bloomberg.com/news/articles/2016-04-11/russian-stocks-rise-to-3-week-high-as-ruble-gains-drive-sberbank

http://www.bloomberg.com/news/articles/2016-04-11/russian-stocks-rise-to-3-week-high-as-ruble-gains-drive-sberbank

http://ghwallstreet.com/2016/04/11/russian-stocks-rise-to-3-week-high-as-ruble-gains-drive-sberbank

Bloomberg and Chicago Tribune: Vladimir Tikhomirov, Chief Economist of BCS Global Markets commenting on ongoing monetary and economic measures

http://www.chicagotribune.com/news/sns-wp-blm-russia-econ-11f9bb46-fd9a-11e5-813a-90ab563f0dde-20160408-story.html

http://www.bloomberg.com/news/articles/2016-04-07/bank-of-russia-spreads-blame-for-inflation-with-budget-in-focus

From 24 to 27 March the World Class National Squash Center in Strogino hosted BCS Squash Russian Open 2016, during which the BCS Russian open PSA international qualifying tournament of the PSA (Professional Squash Association) series among men with the prize fund of USD 5,000 was held for the first time in this country. Geoffrey Demont from France won the first prize, leaving the second place to Daniel Poleschuk from Israel.

Players from the financial sector also competed for champion cups at the BCS Corporate Cup tournament.

32 participants working at such banks and financial companies as Morgan Stanley, VTB Capital, Gazprombank, Vnesheconombank, Otkritie Financial Corporation and others took part in the mixed category of the BCS Corporate Cup tournament.

The BCS Russian open PSA (Professional Squash Association) international qualifying tournament was also held as a part of the championship.

On Saturday evening after the game the participants went to a party organized in a restaurant in their honor.

Denis Zabolotnev, the managing director, head of the client business division at BCS Global Markets, the winner the honorable bronze medal in the BCS Corporate Cup tournament, made a welcome speech.

"We are happy to support healthy and dynamic sports like squash. This is the first tournament of this level in Russia, and we are pleased to become a part of history of the Russian squash. In addition to a great number of foreign participants of the PSA tournament, we were able to attract a lot of experts in the sphere of finance for participation in the BCS Corporate Cup tournament which we plan to hold in the future, too", he said.

Pavel Kiselev, Gazprombank, won the BCS Corporate Cup tournament, beating Valentin Mashkov 11-3, 11-5.

http://finbuzz.ru/bks-priglasila-srazitsya-v-skvosh

http://www.squash.or.at/aktuell/artikel/bcs-russian-open-2016

Bloomberg: BCS Financial Group on Sberbank’s ratings

http://www.bloomberg.com/news/articles/2016-03-31/former-soviet-lender-rediscovers-russia-with-ruble-bond-sale

BRICS Info: Vladimir Tikhomirov, Chief Economist of BCS Global Markets commenting on Nestlé’s forecast for the Russian consumer market

http://www.brics-info.org/nestle-sees-turnaround-in-russian-consumer-decline

RT: Vladimir Tikhomirov, Chief Economist of BCS Global Markets commenting on Nestlé’s forecast for the Russian consumer market

http://www.bloomberg.com/news/articles/2016-03-24/nestle-forecasts-russian-consumer-downturn-may-ease-by-next-year

BCS Global Markets’ Research Department and Equity Trading Desk organized a client meeting with Yandex top managers: CFO Greg Abovsky, Head of Yandex.Taxi Tigran Khudaverdyan and Head of IR Katya Zhukova. The meeting, which took place in Yandex’s Moscow headquarters, was attended by such companies as EWI Capital, M2M Private Bank, Quorum Asset Management, SPRING Advisors, Bonum Capital AM,VTB Capital AM, Gazprombank AM, Sberbank Private Banking and Uralsib AM.

The meeting reinforced our positive view on Yandex’s business and the stock.

Clients had the opportunity to discuss a range of current topics with Yandex management, including the Russian taxi market and Yandex’s plans to expand its coverage, stabilization of Yandex’s overall search share at 58%, and the prospects for its Turkish project amid geopolitical tension.

“Yandex remains a market favorite not only due to the resilience of its core business, but also its willingness to engage with investors,” said BCS media and industrials analyst Mitch Mitchell.

President of BCS FG shares his business experience with RBC and tells about his investment rules

http://money.rbc.ru/news/56e2f04a9a7947588fc1fc8e?from=main

BCS Global Markets co-sponsored the London Stock Exchange’s Annual LSEG CIS & CEE Conference 2016 held on March 11th

Two of our key speakers took part in the panel discussions.

Vladimir Tikhomirov, Chief Economist of BCS Global Markets, gave significant input into the Macroeconomic Outlook for 2016, while Tim Bevan, CEO of BCS London branch, contributed to discussions on Current Trading Flows in Russia, CIS and CEE, moderated by CEO of Turquois, Dr Robert Barnes.

Following the event, Tim Bevan commented: “It was a great opportunity to take part in the Annual LSEG CIS & CEE Conference 2016. Despite tough economic conditions, it was heartening to see that the Russia/CIS region still commands such investor interest and that the general outlook was so positive.”

http://www.lseg.com/markets-products-and-services/our-markets/london-stock-exchange/equities-markets/trading-services/international-order-book-iob/iob-events/lseg-cis-cee-conference-2016

International Financing Review: Matthieu Ressencourt Head of Derivatives Desk, BCS Prime Brokerage Limited commenting on Russian markets

http://www.ifre.com/bcs-bets-on-russian-equity-derivatives-revival/21238655.article

Research and Equity Trading Departments of BCS Global Markets organized a client meeting with Gazprom Neft management

The event took place at the prestigious Hotel National in the “Dr.Zhivago” Restaurant. BCS hosted representatives of biggest Russian and foreign funds, who had the opportunity to discuss with Gazprom management important questions such as the impact of changes in taxation and oil price on the company’s financial results, as well as the company’s main projects and strategic aims.

Senior analyst BCS Global Markets, Kirill Tachennikov commenting on the meeting: “According to client feedback, the meeting was extremely interesting and useful. It gave a clear picture on important aspects of the company’s activity and future plans. Generally, Gazprom Neft management’s comments left a very positive effect, confirming our Buy call on the name.”

Joseph Dayan, Head of markets at BCS Global Markets gives his view on Russia

http://www.investmentweek.co.uk/tag/bcs-global-markets

BCS Global Markets hosts first BCS Russian Squash Open 2016 — a landmark event in Russia’s history of squash!

The Best Squash Players of Russia will meet in Moscow at the end of March. It will become the venue for BCS Russian Squash Open 2016 to be held in the National Squash Center, one of the best state-of-the-art centers in Europe, on 24-27 March.

Greatest squash tournament in Russian history – The tournament, held under the auspices of the Russian Squash Federation in partnership with the investment banking division of BCS Financial Group, BCS Global Markets, promises to be the greatest squash competition in the history of Russia. More than 200 sportsmen are expected to participate in the competitions in various categories.

National champions will emerge – The major competition will be in the elite categories. Russian squash leaders Alexey Severinov, Alexander Shilov, Roman Fetisov from St. Petersburg and Konstantin Kostrykin and Sergei Belyavev from Moscow will compete to be the national champion among the men, Irina Belyaeva and Anna Tuzlukova will be the main competitors for the gold medal among the women.

An international affair – Notably, the tournament will feature the performance of international professionals representing the Professional Squash Association in a separate category. Leading competitors of their countries, brothers Chris and Mark Fuller will represent England, Shehab Essam (Egypt), Sebastiaan Weenink (Holland), Christophe Andre and Geoffrey Demont (France), Daniel Poleshchuk and Roi Avraham (Israel). Players from Italy, Finland, Audtria, Latvia and Wales will also take part in the tournament.

The BCS Corporate Cup – A special tournament for finance professionals will be held within the championship, allowing representatives of the financial sector – known as big fans of squash – to demonstrate their skills and compete with each other for the ‘BCS Corporate Cup’.

Head of Client Business Group, BCS Global Markets, Denis Zabolotnev comments on it: “Russian Squash Open 2016 is a landmark event in the history of Russian squash and we are very excited to be a part of it. We have long intended to be more active in social projects and to connect the BCS Global Markets brand with an event that has a high profile on the national and international stage – the Squash Open allows us to do both. Squash in Russia is now actively developing, and there is also a good chance that it will be added to Olympic sports. This is also the first PSA level tournament in Russia – athletes from more than 10 countries and 6 players among the top 100 sportsmen in the world will participate. No less important for us is the opportunity to support young athletes, who will be able to show themselves in the junior tournament."

http://squashinrussia.com

Reuters and Interactive Investor: Vladimir Tikhomirov, Chief Economist, BCS Global Markets commenting on economic reforms Russian officials are currently looking at to tackle the crisis

http://www.reuters.com/article/russia-economy-idUSL8N15N2SZ
http://www.iii.co.uk/news-opinion/reuters/news/294267

Bloomberg: Head of Client Business Group, BCS Global Markets Denis Zabolotnev commenting on Russian oligarchs

http://www.bloomberg.com/news/articles/2016-02-08/russia-loses-billionaire-to-margin-call-on-lafargeholcim-slump

BCS Entering 2016 Maintaining Leading Market Share on Moscow Exchange

Despite a challenging business environment in Russia, and in financial markets globally, BCS Financial Group has maintained its dominant position in all areas of the Moscow Exchange, achieving more than 25% of trading market share in both Equities and Derivatives.

The details may be found below:

EQUITY: http://moex.com/ru/spot/members-rating.aspx?rid=115&month=12&year=2015

FORTS: http://moex.com/ru/derivatives/members-rating.aspx?rid=1

FX:
USDRUB_TOD, USDRUB_TOM: http://moex.com/ru/markets/currency/members-rating.aspx?rid=2
EURRUB_TOD, EURRUB_TOM: http://moex.com/ru/markets/currency/members-rating.aspx?rid=3

Rating by the volumes of client's transactions:
http://moex.com/ru/markets/currency/members-rating.aspx?rid=6

The Australian: Vladimir Tikhomirov, Chief Economist, BCS Global Markets commenting on the impact of new parliamentary elections on the government and the economy

http://www.theaustralian.com.au/news/latest-news/russian-budget-rhetoric-masks-reality/news-story/54c26f7a353ddd98a0d6f0a4a289bf6f

Reuters and Mail Online: Vladimir Tikhomirov, Chief Economist, BCS Global Markets commenting on the impact of new parliamentary elections on the government and the economy

http://www.reuters.com/article/us-russia-economy-cuts-idUSKCN0V51WA

http://www.dailymail.co.uk/wires/reuters/article-3419299/Tough-Russian-budget-rhetoric-masks-laxer-reality.html

CNBC: interview with Joseph Dayan, Head of markets at BCS Global Markets “Should you invest in Russia’s economy?”

http://video.cnbc.com/gallery/?video=3000486701

http://www.cnbc.com/2016/01/25/worrying-data-raise-russia-recession-odds-economist.html

Financial Times: Luis Saenz, Managing Director and Head of Equity & Derivatives Sales and Trading commenting on the rouble

http://www.ft.com/cms/s/0/735be3d6-c01a-11e5-9fdb-87b8d15baec2.html#axzz3xtpc1x5x

Reuters, Mail Online and the Economic Times: Joseph Dayan, Head of markets at BCS Global Markets commenting on the rouble

http://uk.reuters.com/article/emerging-markets-idUKL8N1551P9

http://www.dailymail.co.uk/wires/reuters/article-3409922/EMERGING-MARKETS-Russian-rouble-tumbles-record-low-stocks-fall-again.html

http://articles.economictimes.indiatimes.com/2016-01-21/news/69960644_1_rouble-new-record-low-market-assets

Press releases, 2015

Hellenic Shipping News: Kirill Chuyko, Head of Research department, BCS Global Markets commenting on Norilsk

http://www.hellenicshippingnews.com/norilsk-takes-first-yuan-loan-as-it-seeks-copper-project-funding

Financial Times: Kirill Chuyko, Head of Research department, BCS Global Markets commenting on Norilsk

Washington Post, Bloomberg, Energy Voice : Vladimir Tikhomirov commenting on Kudrin’s return to the political scene

http://washpost.bloomberg.com/Story?docId=1376-O04BY96TTDSB01-3TDTQ99K51PLB9NGS1DDSGUT7Iv

The Malay Online: Joseph Dayan, Head of markets at BCS Global Markets commenting in the context of a potential Gazprom fallout and a potential break in the relationship between Russia and Turkey

http://www.themalaymailonline.com/money/article/russian-stocks-slumps-most-in-world-as-downed-jet-raises-risks#sthash.xHhVFsqg.dpuf

Bloomberg : Joseph Dayan, Head of markets at BCS Global Markets commenting on a potential break in the relationship between Russia and Turkey

http://www.bloomberg.com/news/articles/2015-11-24/russian-stocks-drop-most-in-world-after-turkey-shoots-down-jet

Russia Beyond the Headlines: Vladimir Tikhomirov, Chief Economist, BCS Global Markets commenting on the Russian central bank’s policy

http://www.bloomberg.com/news/articles/2015-11-15/russia-s-ctc-media-sweetens-buyout-premium-titillates-investors

Bloomberg: Mitch Mitchell commenting on CTC Media

http://www.bloomberg.com/news/articles/2015-11-15/russia-s-ctc-media-sweetens-buyout-premium-titillates-investors


Gulf Times: Vladimir Tikhomirov Chief Economist, BCS Global Markets commenting on the VEB bank bailout

http://www.gulf-times.com/eco.-bus.%20news/256/details/462726/russia-eyeing-state-aid-for-veb-bank-after-$23bn-bailout

Institutional Asset Manager: Roman Lokhov, Chief Executive Officer of Global Markets and Investment Banking at BCS commenting on the BCS’s results

http://www.institutionalassetmanager.co.uk/2015/10/28/233173/bcs-posts-record-profits-despite-challenging-market-conditions


Hedgeweek: BCS posts record profits despite challenging market conditions

http://www.hedgeweek.com/2015/10/28/233173/bcs-posts-record-profits-despite-challenging-market-conditions


The Trading Mesh: BCS Posts Record Profits Despite Challenging Market Conditions

http://www.thetradingmesh.com/pg/newsfeeds/bcsprime/item/848657

Bloomberg: Yossi Dayan, Head of markets at BCS Global Markets commenting on the Fed’s policy’s impact on markets

http://www.bloomberg.com/news/articles/2015-10-22/emerging-stocks-drop-amid-disappointing-earnings-rupiah-climbs


Bloomberg: Kirill Chuyko, Head of Research department, BCS Global Markets commenting on steel prices and companies

http://www.bloomberg.com/news/articles/2015-10-21/steel-rout-means-russian-producers-can-t-rely-on-weaker-ruble

Bloomberg and City AM: Kirill Chuyko, Head of Research department commenting on overseas investors’ appetite for raw-material and emerging-market stocks

http://www.cityam.com/226332/russian-companies-are-fleeing-londons-stock-markets

http://www.bloomberg.com/news/articles/2015-10-11/the-russians-are-going-london-sees-listing-exodus-as-prices-sag

BCS TO EXPAND INTO NORTH AMERICA WITH ACQUISITION OF US BROKER/DEALER

Alfa Bank’s US arm to be purchased in order to tap world’s largest capital market

BCS Financial Group, the largest securities broker on the Moscow Exchange, has made its first move into the North American market with entry into an agreement for the strategic acquisition of Alforma Capital Markets Inc., the wholly-owned New York-based subsidiary of Alfa-Bank.

BCS’ holding company and AO Alfa-Bank have signed an agreement where BCS will acquire 100% shares in the US broker/dealer upon receipt of US regulatory approvals. The company is due to be rebranded as BCS Americas Inc., and current CEO, David Denson will continue in his position. The business will continue to provide brokerage and investment services to US-based institutional clients seeking to access Russian markets.

Both parties are in the process of applying for approval of the transaction from US financial regulators (including SEC and FINRA). Once approval is granted the transaction will be closed, which is expected to happen by the end of 2015.

Roman Lokhov, Chief Executive Officer of Global Markets and Investment Banking at BCS added:

“Despite the temporary geopolitical challenges, US-based institutions remain the leading international investors in emerging and Russian assets. Therefore we see huge potential in the US for our business to seize significant market share. We expect the macro and geopolitical conditions in Russia to recover eventually, and believe this is the right time to invest in our ability to service the US and expand our platform.”

“BCS has held a prominent role in the Russian markets for over 20 years, and currently controls roughly 25% of securities trading across all asset classes on the Moscow Stock Exchange. Given this position, we are confident that US firms will seek our services, and we have already received positive interest from local institutions.”

Vedomosti
http://www.vedomosti.ru/finance/articles/2015/10/01/611042-alfa-bank-prodal-biznes

Reuters
http://ru.reuters.com/article/businessNews/idRUKCN0RV4BF20151001

Wall Street Journal
http://www.wsj.com/articles/bcs-financial-to-buy-alforma-capital-markets-1443715337

Hedgeweek
http://www.hedgeweek.com/2015/10/01/232177/bcs-acquires-alfoma-capital-markets

Traders Magazine
http://www.tradersmagazine.com/news/brokerage/russia-based-broker-bcs-buys-us-dealer-alforma-114475-1.html

FTSE Global Markets
http://www.ftseglobalmarkets.com/news/bcs-moves-in-on-alfa-banks-us-arm.html

Automated Trader
http://www.automatedtrader.net/news/at/154652/bcs-acquires-us-brokerdealer-alforma

Bloomberg: Vyacheslav Smolyaninov commenting on

Bloomberg: Kirill Chuyko, Head of Research department, BCS Global Markets commenting on the latest Russian tax proposal

Bloomberg: Vyacheslav Smolyaninov, Senior Economist, BCS Global Markets commenting on the latest Russian tax proposal and its potential impact on the economy and Russian companies such as Lukoil or Rosneft

BCS Financial Group, the largest securities broker on the Moscow Exchange, has been granted access to the world’s largest international central securities depository – Euroclear – through BCS Prime Brokerage Limited.

By using Euroclear, BCS Financial Group will broaden its product offering, enhance its operational efficiency, reduce risks and optimize the costs of trading, settlement and custody services.

BCS anticipates using Euroclear’s services in the European, UK (LSE IOB), US and Russian markets (local equities and government bonds).

Michael Barmettler, COO of Global Markets and Investment Banking at BCS Financial Group, said:

“This is another significant milestone for BCS, proving the stability and continuity of our national and international business and allowing us to further follow our growth strategy. We are always looking to develop and further expand our offering for clients. The Euroclear facilities broaden our transaction, settlement and custody services in a quick and cost efficient way. It helps reducing our risks, optimizing our cash and collateral management and further automating operations.”

Tim Bevan, CEO of BCS Prime Brokerage, added:

“The Euroclear membership is one of a number of building blocks BCS will put in place over the coming months. The membership approval proves our sustainable business strategy and allows further international expansion. We have managed to strengthen our business despite the difficult market conditions in 2014.”

Securities Lending Times
http://www.securitieslendingtimes.com/securitieslendingnews/article.php?article_id=220120#.VgAfJ99VhHw

Finance Magnates
http://www.financemagnates.com/institutional-forex/execution/bcs-financial-group-expands-settlement-capabilities-with-euroclear/

Fianancial IT
http://www.financialit.net/content/bcs-financial-group-streamlines-settlement-and-custody-services-euroclear-relationship

Automated Trader
http://www.automatedtrader.net/news/at/154567/russian-broker-bcs-granted-access-to-euroclear

Mineweb: Kirill Chuyko, Head of Research department, BCS Global Markets commenting on Rusal

Washington Post: Kirill Chuyko, Head of Research department, BCS Global Markets commenting on Rusal

http://washpost.bloomberg.com/Story?docId=1376-NTN4UG6S972G01-37R41ID5K0T3MS1UKOG98VTDCQ

Washington Post and Sidney Morning Heraldg: Kirill Chuyko, Head of Research department, BCS Global Markets commenting on China’s weakening economy and its impact on Russian metals and mining markets

http://washpost.bloomberg.com/Story?docId=1376-NTMQU36JTSEA01-1EVQ4HGQLC55KT785UI41P387U

Bloomberg: Joseph Dayan, head of markets at BCS Global Markets commenting on Russian bond sales

http://www.bloomberg.com/news/articles/2015-08-25/ruble-leads-emerging-nation-bounce-as-currency-climbs-with-crude

Wall Street Journal: Luis Saenz commenting on the rouble

http://blogs.wsj.com/moneybeat/2015/08/24/which-currencies-are-being-hit-hardest

TASS: Vladimir Tikhomirov, Chief Economist, BCS Global Markets commenting on Kazakhstan

http://tass.ru/en/economy/815499

Business Insider: Vladimir Tikhomirov, Chief Economist, BCS Global Markets commenting on the government’s plan to tackle the crisis, and the “Soviet-like” choice

Chicago Tribune: Luis Saenz commenting on Kazakhstan

http://uk.businessinsider.com/putin-resorts-to-ussr-tactics-to-hide-unemployment-2015-8?r=US&IR=T#ixzz3jM3abKkC

Daily Telegraph: Vladimir Tikhomirov, Chief Economist, BCS Global Markets commenting on the government’s plan to tackle the crisis, and the “Soviet-like” choice

http://www.telegraph.co.uk/finance/economics/11810209/Russia-masks-unemployment-with-Soviet-era-tactics.html

Bloomberg: : Vladimir Tikhomirov, Chief Economist, BCS Global Markets commenting on the government’s plan to tackle the crisis, and the “Soviet-like” choice

http://www.bloomberg.com/news/articles/2015-08-17/putin-revives-soviet-deal-of-pretend-work-and-pay-to-hide-crisis

Dakota Financial News: BCS’s rating of Petropavlovsk

http://www.dakotafinancialnews.com/petropavlovsk-plcs-sell-rating-reiterated-at-bcs-pog/360156

GARP: Joseph Dayan, head of markets at BCS Global Markets commenting on the devaluation of the yuan and its impact on emerging markets

http://www.garp.org/#!/risk_intelligence_detail/a1Z40000002wG7fEAE

Bloomberg: Joseph Dayan, head of markets at BCS Global Markets commenting on the devaluation of the yuan and its impact on emerging markets

http://www.afr.com/news/politics/world/will-vladimir-putin-save-russias-ailing-firms-like-ekoniva-rosneft-gazprom-20150806-gitmzd#ixzz3iOtZe6z2

MoneyShow: Joseph Dayan, head of markets at BCS Global Markets commenting on the Fed’s rate hike and its impact on Emerging Markets

http://www.moneyshow.com/articles.asp?aid=currency-43120

Bloomberg: Senior Economist, BCS Global Markets, Vyacheslav Smolyaninov commenting on the Kremlin’s aid to Russian companies

http://www.bloomberg.com/news/articles/2015-08-06/can-putin-save-russia-s-struggling-companies-

Azernews: Senior analyst BCS Global Markets, Kirill Tachennikov commenting on Rosneft

http://www.azernews.az/bloomberg/86436.html

CNBC: Joseph Dayan, head of markets at BCS Global Markets, explains why he thinks Russia's central bank will "pause and wait" when it comes to cutting interest rates.

http://video.cnbc.com/gallery/?video=3000401338&play=1

Bloomberg: Senior analyst BCS Global Markets, Olga Naydenova commenting on Russia’s growth

http://www.bloomberg.com/news/articles/2015-07-23/losing-russian-lender-finds-money-making-ruse-buying-own-bonds

Bloomberg: Senior analyst BCS Global Markets, Marat Ibragimov commenting on Magnit

http://www.bloomberg.com/news/articles/2015-07-22/russian-retail-leader-magnit-surprises-with-margin-expansion

Bloomberg: Senior analyst BCS Global Markets, Yulia Safarbakova commenting on Ak Bars’ Eurobond plan

http://www.bloomberg.com/news/articles/2015-07-20/russia-s-eurobond-market-signals-revival-with-ak-bars-offering

Bloomberg: Joseph Dayan, head of markets at BCS Global Markets commenting on China and Emerging Markets stocks

http://www.bloomberg.com/news/articles/2015-07-16/most-emerging-stocks-rise-as-korean-industrial-shares-advance

Bloomberg Business: Head of Research department, BCS Global Markets , Kirill Chuyko commenting on Norilsk.

http://www.bloomberg.com/news/articles/2015-07-10/norilsk-considers-spinning-off-some-arctic-platinum-group-assets

Bradenton Herald: Joseph Dayan, head of markets at BCS Global Markets commenting on the impact of the Chinese situation on Russian investors.

http://www.bradenton.com/2015/07/09/5887884_emerging-stock-selloff-accelerates.html?rh=1#storylink=cpy

Bloomberg Business: Head of Research department, BCS Global Markets, Kirill Chuyko commenting on Chinese mining stocks.

http://www.bloomberg.com/news/articles/2015-07-08/mining-s-143-billion-stock-rout-signals-escalating-china-fears

Finparty: Co-head of Equities and Corporate Finance BCS Global Markets Denis Zabolotnev shared his vision on market and uncovered the story behind BCS on its way from the biggest retail broker in Russia to one of the strongest institutional business.

http://finparty.ru/interview/20522/

The National Association of Securities Market Participants announced the winners of the annual "Elite of Stock Market" competition for 2014. The award ceremony was held on June 25th in Moscow City Golf Club.

BCS was the awarded first prize for being the "Best brokerage firm for institutional investors" and "The best company on the equity market". Comapny also won the main prize of the event, "Company of the Year" 2014.

http://www.naufor.ru/tree.asp?n=11576

BCS Financial Group Ranks High: 1st in Metals & Mining (Institutional Investor), 3rd Best Broker in Russia (Extel)

BCS Financial Group is delighted to announce that for the first time ever we have featured in Institutional Investor Magazine’s highly respected Research Rankings. The US based magazine produces an annual global rankings which includes rankings for analysts, money managers, and leading executives as well as a regional breakdown of all results. The 2015 Russia rankings saw BCS come straight in to the rankings at seventh for the overall annual sell-side ranking of analysts in the Russian market. As a testament to the quality of the research by the metals and mining team at BCS, Kirill Chuyko and his team were ranked 1st for metals and mining research in Russia with Kirill ranked 2nd as individual analyst. In other recent rankings BCS was, in the 2015 Extel rankings, announced as third best brokerage firm in Russia.

Commenting on the rankings Roman Lokhov, CEO, BCS Financial Group said, “Jumping straight in to the ranks, especially straight in at second for metals and mining research, is testament to the quality of BCS research and the hard work the team has done adding depth and quality to the company’s research capabilities. This is fantastic news for the research team to have their hard work rewarded and we look forward to furthering our positions in future Institutional Investor rankings as our research offering growths from strength to strength.”

http://www.institutionalinvestor.com/Research/5655/Overview.html
http://www.extelsurveys.com/ExtelSurveysHome.aspx

http://finparty.ru/market/20420

BCS Financial Group Expands in Europe with Eurex Membership

BCS Prime Brokerage Ltd, the international arm of BCS Financial Group, the largest broker of equities and derivatives on the Moscow Exchange, has been granted membership on Eurex, Europe’s largest derivatives exchange and the second largest globally.

BCS Prime has become a Non-Clearing Member (NCM), which allows trading participation and provides clients access to the Eurex exchange.

Clients of BCS now have access to some of Europe’s most traded contracts such as Euro Stoxx 50 and Dax, as well as additional liquidity in Eurex’s Russian derivatives. The Eurex Exchange offers more than 1,900 products covering all major and alternative asset classes including Russian equity indexes derivatives like RDXUSD.

This only strengthens BCS Financial Group’s presence and capability in Europe, adding up to its existing LSE Derivatives Market membership which grants the group access to the derivatives division of the LSE, the largest stock exchange in Europe.

Matthieu Ressencourt Head of Equity Derivatives Trading, BCS Financial Group said:

“Our membership of Eurex is yet another significant milestone as we grow and strengthen our international business. Joining the exchange will give both our international and Russian clients more options when trading, especially those based in Russia who will now have access to Europe’s largest derivatives exchange.”

Automated Trader
http://www.automatedtrader.net/news/at/153928/bcs-financial-group-expands-in-europe-with-eurex-membership

HedgeWeek
http://www.hedgeweek.com/2015/06/09/224698/bcs-financial-group-expands-europe-eurex-membership

Futures & Options World
http://www.fow.com/3460319/Eurex-adds-Russian-brokers-global-unit-as-member.html

SWISS Info: Senior Economist, BCS FG, Vyacheslav Smolyaninov commenting on investment risks in Russia

http://www.swissinfo.ch/eng/russia-skeptics-stick-to-their-bearish-etf-wagers-amid-38--rally/41451114

Bloomberg Business: Head of Research department, BCS FG, Kirill Chuyko commenting on Uralkali

http://www.bloomberg.com/news/articles/2015-05-25/uralkali-says-investors-tendered-11-89-of-shares-in-buyback

Washington Post: Joseph Dayan, head of markets at BCS FG commenting on China and Russia’s equity markets

http://washpost.bloomberg.com/Story?docId=1376-NNYQ0Y6JTSE901-4LRTGNQ5G204IU19LF682QTDHB

CNBC: Joseph Dayan, head of markets at BCS FG commenting on the Russian economy

http://video.cnbc.com/gallery/?video=3000376882

Bloomberg Business: Luis Saenz commenting on oil prices and their effect on the rouble

http://www.bloomberg.com/news/2014-04-01/london-to-moscow-migration-reversed-as-lse-trading-jumps.html

BCS Financial Group (BCS), the undisputed leader in equities and derivatives trading in Moscow, has appointed Vyacheslav Smolyaninov as Chief Strategist and Deputy Head of Equity Research

Mr Smolyaninov brings high caliber expertise, ranking among the top Russia/CIS strategists in major international surveys. He has ranked:

#3 Russian equity strategist – 2013 Thomson Extel survey
#5 equity strategist among domestic investors – 2012 Institutional Investor All-Russia survey
#2 Russia metals analyst – 2005 and 2006 Thompson Extel surveys, and
#4 EMEA metals analyst – Thomson Extel, Institutional Investor 2005 and 2006 surveys.

Kirill Chuyko, Head of Equity Research at BCS Financial Group commented: “We welcome the appointment of Mr Smolyaninov, who is a significant addition to our equity research team. He will be a key partner, especially when it comes to assessing market dynamics and consolidating sector analyses into an actionable investment strategy for the Russian market – both for our clients and BCS Financial Group.”

Mr Smolyaninov joins BCS from URALSIB Capital where he worked as Chief Strategist and Deputy Head of Research since 2009. In that capacity, Mr Smolyaninov supervised the firm’s equity strategy and valuation analysis techniques, leading a team of 30 professionals.

Prior to URALSIB Capital, Mr Smolyaninov worked in other top managerial and analytical positions both on sell- and buy-side, including Head of Russia & CIS Research at Generali PPF Asset Management; Senior Metals Analyst at URALSIB Capital along with Merrill Lynch & Co Inc. and Forte Capital.

Reuters:
http://www.reuters.com/article/2015/04/09/bcsfinancialgroup-moves-vyacheslavsmolya-idUSL4N0X65L620150409

Hedgeweek:
http://www.hedgeweek.com/2015/04/09/221223/bcs-financial-group-appoints-chief-strategist-and-deputy-head-equity-research-team

Finance Magnates:
http://www.financemagnates.com/executives/move/bcs-financial-group-names-new-chief-strategist-and-deputy-head-equities

Securities Lending Times:
http://www.securitieslendingtimes.com/securitieslendingnews/article.php?article_id=219856#.VSePs_nF_Cm

Bloomberg Business: Kirill Tachennikov, Senior Analyst BCS FG commenting on Surgut

http://www.bloomberg.com/news/articles/2015-04-08/surgut-retreats-as-goldman-says-sell-on-dividend-as-ruble-gains

Bloomberg Business Middle East: Olga Naydenova, Senior Analyst BCS FG commenting on Russia credit

http://businessweekme.com/Bloomberg/newsmid/190/newsid/523

Bloomberg Business: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on Russian ETFs

http://www.bloomberg.com/news/articles/2015-04-02/russia-etf-rallies-as-crisis-eases-ukraine-truce-holds

The 6th Annual Exchange Forum took place on April 2nd at the Ritz Carlton hotel

The first session of the forum was dedicated to discussing economic and financial policies in the face of new challenges. It was attended by First Deputy Prime Minister Igor Shuvalov, Chairman of the Bank of Russia Nabiullina, President and Chairman of the Board of Sberbank of Russia German Gref and CEO of RUSNANO Anatoly Chubais.

Roman Lokhov, CEO of global markets and investment banking at BCS Financial Group, participated in a panel discussion devoted to the Russian equity market, where topics included: the new tools in foreign currency, bond markets, the development of retail investment, and new technologies of direct access (SMA).

Mr. Lokhov identified two factors that will help attract new investors, such as hedge funds and long-term investors (pension funds and sovereign wealth funds), to the Russian market. The first of these is the likely reduction in EU and US sanctions (presumably in the summer of 2015), the second is the stability and predictability of government policy in the medium- to long-term with a clear understanding of further structural reforms.

George Zarya, head of prime brokerage sales for CIS and Asia at BCS, participated in the session "Currency Derivatives instruments and foreign exchange market”. Mr. Zarya talking about investing in Russia: "US investors cannot trade the derivatives market because of the requirements of the regulator, and of course sanctions story doesn’t make things easier,” he said.

The Moscow Exchange said that the negotiations with the SEC are in process and an agreement should be achieved soon.

Bloomberg Business: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on recession forecasts

http://www.bloomberg.com/news/articles/2015-04-01/russia-s-economy-unexpectedly-expanded-0-4-in-fourth-quarter

Bloomberg Business: Head of Research department, BCS FG, Kirill Chuyko commenting on Russian steel companies

http://www.bloomberg.com/news/articles/2015-03-31/russian-miners-with-billions-of-dollars-weigh-dividend-increase

Russia Today: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on the rouble dynamics

http://rt.com/business/244353-russian-ruble-march-26

Bloomberg Business: Luis Saenz commenting on the decrease in capital adequacy

http://www.bloomberg.com/news/articles/2015-03-26/sberbank-2014-profit-drops-amid-higher-provisions-for-bad-loans

IBM Commerce partnership announcement

Software Development

http://softwaredev.itbusinessnet.com/article/Russias-Leading-Investment-Bank-BCS-Financial-Group-Selects-IBM-Commerce-to-Bring-New-Experiences-to-its-Clients-3815378

Finextra

http://www.finextra.com/news/announcement.aspx?pressreleaseid=59213

Gulf Times: Head of Research department Kirill Chuyko commenting on the rouble and its impact on the steel industry

http://www.gulf-times.com/eco.-bus.%20news/256/details/432205/top-steelmakers-in-russia-succumb-to-stronger-rouble-amid-weaker-demand

Bloomberg Business: Joseph Dayan, head of markets at BCS FG commenting on the dollar and EM assets

http://www.bloomberg.com/news/articles/2015-03-23/emerging-stocks-rise-as-chinese-shares-rally-ringgit-advances

Bloomberg Business: Senior analyst Yulia Safarbakova commenting on central bank funding

http://www.bloomberg.com/news/articles/2015-03-22/russia-s-lender-of-last-resort-gets-little-rest-despite-rebound

BCS Maintains Leading Market Share on Moscow Exchange

Despite a challenging business environment in Russia, and in financial markets globally, BCS Financial Group has maintained its dominant position in all areas of the Moscow Exchange, achieving more than 25% of trading market share in both Equities and Derivatives.

The details may be found below:

EQUITY: http://moex.com/ru/spot/members-rating.aspx?rid=119

FORTS: http://moex.com/ru/derivatives/members-rating.aspx?rid=1

FX:

USDRUB_TOD, USDRUB_TOM: http://moex.com/ru/markets/currency/members-rating.aspx?rid=2

EURRUB_TOD, EURRUB_TOM: http://moex.com/ru/markets/currency/members-rating.aspx?rid=3

Rating by the volumes of client's transactions:

http://moex.com/ru/markets/currency/members-rating.aspx?rid=6

http://bcsprime.com/about_us/leadership

Interview of President of BCS Financial Group Oleg Mikhasenko for Vedomosti

‘We intend to purchase an international bank’

http://www.vedomosti.ru/finance/characters/2015/03/18/hotim-kupit-bank-za-granitsei

New York Times: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on Russian corporate bailouts

http://www.nytimes.com/2015/03/10/business/dealbook/in-russia-the-well-for-corporate-bailouts-might-run-dry.html?_r=0

Forbes: Head of Markets of BCS Prime Brokerage Ltd. Yossi Dayan in ‘The Case For Investing In Russia’.

The article covers such topics as oil dependence and recession prospects, sanctions, currency, to more positive outlook for Russian exporters and ways to invest in Russia.

http://www.forbes.com/sites/chriswright/2015/03/06/the-case-for-investing-in-russia/

Gulf Times, Chicago Tribune & Steel Guru: Head of Research BCS FG Kirill Chuyko commenting on the Russian steel industry

http://www.gulf-times.com/eco.-bus.%20news/256/details/429316/rouble-fall-makes-steel-mills-in-russia-as-world-beaters

CNBC: Vladimir Tikhomirov, Chief Economist, BCS FG for Holly Ellyatt’s at 'Storm is coming': Russians still fear crisis

http://www.cnbc.com/id/102423265

Bloomberg: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on the ruble

http://www.bloomberg.com/news/articles/2015-02-06/russian-foreign-reserves-fall-to-lowest-since-2009-on-euro-slide

Standard and Poor's Rating Agency has confirmed BCS FG ratings - B for BCS Cyprus and B- for BCS Holding

S&P has highlighted a strong business position, the growth of trading volumes and stable revenue growth for BCS Financial Group. Throughout 2014 BCS has been the market leader in all areas of trading on the Moscow Stock Exchange increasing its share to 25.69% in the stock market and to 23.31% on the derivatives market.

Roman Lokhov, Deputy CEO of BCS Financial Group and Head of Global Markets and Investment Banking, said:

Traditionally, the rating agencies consider the risks of non-banking financial companies significantly higher than that of banks. This is mainly due to less regulation of financial companies compared to banks and a large variety of operations. In December 2014 Standard and Poor's officially published a separate risk assessment policy for financial companies, so we had to actually get re-rated. Maintaining our rating level in such a difficult investment environment, and talk of a possible decline of the sovereign rating of the Russian Federation, is a very positive result for the business.

Money News: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on the Russian Central Bank

http://www.moneynews.com/Economy/russia-interest-rates-cut-ruble/2015/01/30/id/621667/

FT Beyondbrics: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on Russia’s inflation and the Russian Central Bank

http://blogs.ft.com/beyond-brics/2015/01/29/guest-post-russias-inflation-dilemma

Bloomberg: Olga Naydenova, Senior Analyst, BCS FG commenting on Sberbank

http://www.bloomberg.com/news/2015-01-25/vtb-sberbank-outlooks-diverge-on-bad-loan-bets.html

Moscow Times: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on the lack of financing in Russia and its impact on Russian growth

http://www.themoscowtimes.com/business/article/russian-banks-plead-for-interest-rate-cut-as-borrowing-costs-spiral/514253.html

Press releases, 2014

Wall Street Journal: Luis Saenz commenting on the Russian Central Bank

http://blogs.wsj.com/moneybeat/2014/12/09/how-can-russia-turn-the-ruble-around/

Bloomberg: Yulia Safarbakova, senior analyst, BCS FG commenting on the Russian bond market

http://www.bloomberg.com/news/2014-12-08/russian-bond-yields-rise-to-five-year-high-as-ruble-drops-on-oil.html

Joseph Dayan, head of markets at BCS Financial, says, ahead of a key speech by President Vladimir Putin’ on CNBC

‘The low oil price rather than sanctions are "crushing" the Russian economy’

http://video.cnbc.com/gallery/?video=3000336420

BCS Prime Brokerage Limited continues its development into the Asian market

BCS Prime Brokerage Limited became a partner of one of the main conferences in Asia region TradeTech Asia 2014 that was held in Singapore on November 19-20, 2014.

Head of Sales, HFT and Algorithmic Trading George Zarya commented on BCS Asian strategy stressed on company’s attention on straightening ties with current partners and ambitious plans on expanding business over Asian market

http://tradetechasia.wbresearch.com/tradetech-asia-2014-post-show-report-ml

Forbes: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on the Russian central bank’s recent moves

http://www.forbes.com/sites/chriswright/2014/11/12/how-to-fix-the-rouble

Bloomberg: Luis Saenz commenting on rouble liquidity and the Russian central bank

http://www.bloomberg.com/news/2014-11-10/ruble-strengthens-2nd-day-as-putin-speaks-brent-climbs.html

Tim Bevan, CEO of BCS Financial interview at CNBC

‘Despite the volatility in the Russian market, people are still trading assets in the country because the country is "too big to ignore"

http://video.cnbc.com/gallery/?video=3000321065

Tim Bevan Appointed CEO of BCS Prime Brokerage

Expansion of business for the Russian broker sees Bevan promoted to global managing role

London, 15th October 2014 – BCS Financial Group (BCS), the largest broker of equities and derivatives on the Moscow exchange, has appointed Tim Bevan to CEO of BCS Prime Brokerage. The new role will be responsible for all international operations including future growth strategy, new products and diversifying the business.

The CEO role has been created due to the rapid expansion of the ex-Russian business and following on from other senior appointments at BCS such as the recent hire of John Barker as Chairman and Max Hayden as Global Head of Prime Brokerage. This hiring spree, combined with the planned expansion and diversification of business lines has created the perfect climate for a CEO to lead operations outside of Russia.

In the last 18 months BCS UK operations alone have continued to grow with UK activity becoming a core entity within the BCS group for investment banking activity. BCS’ position in Russia has also become more dominant now accounting for 25% of both equity and derivatives markets and establishing itself as the leading FX broker, much of this due to business from international clients. The ex-Russian business now is set for rapid expansion with a 50% growth in headcount expected over the next 12 months.

Part of Tim’s remit as CEO will be to introduce new products and services in order to diversify global operations. This includes moving away from being a pure broker to become a leading liquidity venue for Russian and Russian related instruments. Growth plans also include diversifying the business lines in both geography and product, and expanding current financing operation activities.

Roman Lokhov, CEO, Head of GMIB BCS Financial Group, commented:

“Since opening our UK office BCS Prime Brokerage has grown significantly, we believe that now is the time to recognise this growth by creating a new CEO position for which Tim was the natural candidate. This position will give Tim and the senior team a more formalised structure to continue working towards new business lines outside Russia.”

Tim Bevan, CEO of BCS Prime Brokerage, commented:

“Since joining BCS we have worked hard to build the business outside of Russia and grow our range of products and services on offer to clients, this hard work has been rewarded and we are now the go-to broker for Russia and Russian products. The business outside of Russia is now at the size where it is an integral part of the BCS global operations and I am delighted that the board of BCS have recognised the work of the team by creating a CEO position for non-Russian operations which I am delighted to have been appointed to. I look forward to continuing to grow and expand our business in the coming years.”

Tim joined BCS Financial Group in 2012 from Otkritie Capital where he was Director of Global Electronic Trading, prior to this he was at RenCap working initially in delta-1 structuring and then equity sales. Tim started his career with eight years at the London Stock Exchange where he managed the Exchange Traded Fund and Exchange Traded Commodity and Securitised Derivates segments. Tim was also heavily involved in the launch of Russian DR derivatives on EDX.

Financial Times http://www.ft.com/intl/cms/s/64451034-37fe-11e4-a687-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F64451034-37fe-11e4-a687-00144feabdc0.html%3Fsiteedition%3Dintl&siteedition=intl&_i_referer=#axzz3GH5IjYjN

Futures and Options World http://www.fow.com/3390509/BCS-promotes-Bevan-to-run-ex-Russia-unit.html?ArticleID=3390509

Automated Trader http://www.automatedtrader.net/news/at/152020/tim-bevan-appointed-ceo-of-bcs-prime-brokerage

BCS Financial Group selects Horizon Software for market-making and distributing Russian derivatives

September 2014, Paris: BCS Financial Group, the largest trader in Russia for Equities, FX and Derivatives, has selected Horizon Software to launch its derivatives market-making and distribution activities. Horizon will provide Delta One and Option Trader, its market-making platform, which includes native exchange connectivity to numerous exchanges throughout Europe. Horizon’s flexible APIs will allow the market-making platform to be seamlessly integrated into BCS Financial Group’s existing infrastructure.

Matthieu Ressencourt, Head of Equity Derivatives Trading at BCS Financial Group, commented: “We went through a selection process to determine the best platform to support our business. Horizon was the clear choice, both from a functionality and technology perspective. They were able to implement the platform in a few weeks, allowing us to meet our tight deadlines. We use the platform to its full potential for quoting, auto-hedging, electronic eye, real-time risk management and connectivity to exchanges in order to better service our existing clients. BCS Financial Group will also benefit from Horizon’s latest developments on sophisticated volatility management, as well as embedded volatility and pricing models.”

Sylvain Thieullent, CEO of Electronic Trading EMEA and Americas at Horizon Software, commented:

“Our Company has 15 years experience working with financial institutions on market-making projects across various countries and regions. This experience has helped us to win BCS Financial Group and to get them up-and-running very quickly in numerous markets. This deal also reinforces our presence in Eastern Europe and Russia in particular, a key region where Horizon is investing substantially to serve its clients”

Forex Magnates: http://forexmagnates.com/bcs-financial-group-selects-horizon-software-russian-derivatives-market-making-2/

Finextra http://www.finextra.com/news/announcement.aspx?pressreleaseid=56790

Automated Trader: http://www.automatedtrader.net/news/at/151655/bcs-chooses-horizon-platform-for-russian-derivatives

The St. Petersburg Times: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on the rouble

http://www.sptimes.ru/story/40743?page=1#top

CNBC: Joseph Dayan, head of markets at BCS Financial on European Closing Bell commenting on the Ukraine crisis and Russian stocks

http://www.eiols.tv/preview.aspx?Int=204922-C2

http://video.cnbc.com/gallery/?video=3000306388

Bloomberg: Joseph Dayan, head of markets at BCS FG commenting on Russian stocks

http://www.bloomberg.com/news/2014-08-21/russia-stocks-set-for-longest-rally-since-2005-on-putin-meeting.html

QFinance: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on the food import ban and Russian economy

http://www.qfinance.com/blogs/anthony-harrington/2014/08/19/the-price-of-adventure-russia-counts-the-cost

CNBC: Joseph Dayan, head of markets at BCS FG commenting on Russia’ equity market

http://video.cnbc.com/gallery/?video=3000302551

Bloomberg: Kirill Chuyko, Head of Research, BCS FG commenting on Russian equities

http://www.bloomberg.com/news/2014-08-14/russian-stocks-oil-link-fades-on-ukraine-outlook.html

Bloomberg: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on the Ukraine crisis and the sanctions imposed on Russia by the West

http://www.bloomberg.com/news/2014-08-11/russian-gdp-growth-slows-to-0-8-as-demand-cools-amid-sanctions.html

London, 23 July 2014 - BCS, the largest trader on the Russian exchange, has appointed Matthieu Ressencourt as Managing Director and Head of Equity Derivatives Trading in London

Matthieu joins from VTB Capital where he headed up the equity volatility trading until departing in March 2014. Matthieu was one of the founding members of the equity volatility trading team in 2008 at VTB Capital and helped to develop both the institutional client business and options market making activity on LSE Derivatives, Eurex and the Moscow Derivatives Exchange.

Matthieu began his career with Credit Agricole where he worked in both New York and Paris as an Equity Derivatives Trader before moving to Lehman Brothers in London in a similar role. Matthieu will report to Joseph Dayan, Managing Director, Head of markets of BCS Financial Group in London.

Headgeweek www.hedgeweek.com/2014/07/23/207779/bcs-bolsters-equity-derivatives-trading-team-london

Reuters www.reuters.com/article/2014/07/23/moves-idUSL4N0PY35M20140723

Automated Trader www.automatedtrader.net/news/at/151014/bcs-expands-london-team

Dr. Vladimir Tikhomirov Appointed Chief Economist of BCS Financial Group

BCS Financial Group (BCS), the largest broker of equities and derivatives on the Moscow exchange, has appointed Dr. Vladimir Tikhomirov as its new Chief Economist. The new chief economist role will help drive strategic decisions in the BCS Financial Group and will lend his economic weight to helping to grow the business.

Dr. Tikhomirov joins BCS from Otkritie Financial Corporation where he has worked as Chief Economist since 2010, other positions include the same role at URALSIB Financial Corporation and NIKOIL Brokerage which he joined in 2001. Dr. Tikhomirov moved in to the finance sector after a successful career in academia where he held a number of prestigious posts in a career spanning over 20 years.

Dr Tikhomirov has been continuously ranked as one of the top macro economists on Russia/CIS in Thomson Extel and Institutional Investor surveys

Joseph Dayan, Executive Director and Head of Markets at BCS Financial Group commented:

“As BCS continues to expand we have made a number of strategic hires that will help develop our offering and provide direction for the business. Dr Tikhomirov is one of these who brings a huge wealth of knowledge about Russian and CIS markets, he will be a great asset to the team and lend his weight to helping BCS grow and mature its research capabilities.”

Most recently the doctor was appointed director of the Centre for Russian and Euro-Asian Studies and Senior Lecturer at the University Of Melbourne, Australia. He was also a member of the Executive Committee of Australia-Russia Business Council and Viceo President of the Australia association of Post-Communist Studies. Dr Tikhomirov has also held senior positions at the International University in Moscow, Russian Academy of Sciences and Wiwatersrand University.

He holds a Ph.D in Political Economy from the Russian Academy of Sciences and an MA in International Relations from Kiev State University as well as having authored five books and published over 100 articles.

Automated Trader http://www.automatedtrader.net/news/at/150451/bcs-appoints-chief-economist

eWallstreeter Hedge Fund News http://ewallstreeter.com/dr-vladimir-tikhomirov-appointed-chief-economist-at-bcs-financial-group-6669/

FINalternatives Hedge Fund & Equity News https://www.finalternatives.com/node/27215

BCS Financial Group, the largest trader of equities and FX on the Russian exchanges, has appointed Max Hayden as the new Head of Business Development at BCS Prime Brokerage in London

Max joined BCS at the beginning of March 2014, and reports to the London Board. Max’s primary role is to develop the BCS international platform and client base.

Max is the former Managing Director of the European Prime Brokerage business at Bank of America Merrill Lynch, and brings with him over 25 years of senior investment banking and industry experience.

During his time at Merrill Lynch he succeeded in various roles, including COO Global Equity Finance, and Head of Prime Brokerage Platform. During his long career at Merrill Lynch, and prior to that Smith New Court, Max was instrumental in building clearing and financing businesses, and in overseeing operations and derivatives product development. He started his career in traded options brokerage.

This development follows the recent appointment of the former Liquidnet Head of International, John Barker, as Executive Chairman of BCS - where his focus is on driving the business strategy for the international business, and for overseeing corporate governance issues such as the regulatory, risk management and compliance systems.

John Barker, Executive Chairman of BCS Financial Group commented:

“Max’s appointment reaffirms BCS’s commitment to, and ambition for, its international business and needless to say, his leadership and experience will be vital assets to the company as we continue our upward trajectory over the next few years. Max has a track record of success at the very highest levels of our industry and his appointment is proof positive of our ability to attract the best people in the marketplace”.

The firm has also hired Marat Ibragimov as Senior Equity Analyst to its growing research arm in Moscow. Marat will cover consumer discretionary, food retail, pharma and real estate markets.

Marat Ibragimov has 17 years of experience in financial markets. Prior to joining BCS, he worked as a Senior Equity Researcher Analyst at Uraislib Capital, where he also covered consumer discretionary, food retail, pharma and real estate markets. Previously, Marat was Senior Equity Researcher Analyst at Otkritie Bank and Citi Investment Research. He has a distinguished track record as a Russian equities specialist, and an extensive knowledge of Russian consumer, retail and real estate markets.

These developments follows the recent appointment of former LiquidNet chief, John Barker, as Executive Chairman of BCS - where his focus is on driving the business strategy for the international business, and for overseeing corporate governance issues such as the regulation, risk management and compliance systems.

Late last year BCS secured membership on the London Stock Exchange, further enhancing the firm’s ability to market to an international audience. The company was granted UK regulatory authorization by the Financial Conduct Authority (FCA) in June 2013, marking the official launch of its international brokerage business.

FTSE Global Markets http://www.ftseglobalmarkets.com/news/russias-bcs-makes-new-hires.html

Automated Trader http://www.automatedtrader.net/news/at/149892/bcs-hires-former-md-of-bank-of-america-merrill-lynch-prime--brokerage

Reuters http://www.reuters.com/article/2014/04/15/financial-moves idUSL3N0N72BV20140415

FC BCS continues to keep the absolute leadership by turnover on the Equity section of the Moscow Exchange (the main trading mode T +), achieving the #1 in ranking in March 2014

Market share over the past months has increased from 17.43% in November 2013 to 27.47% in March 2014.

BCS Announces Partnership with Orc, Granting Russian Market Access to International Investors

BCS Financial Group, the leading financial group for the Russian markets, today announces a partnership with Orc, the global leader in derivatives trading technology, which allows Orc’s clients to trade Russian securities and derivatives on the Moscow Exchange (MoEx) and on the London Stock Exchange (LSE).

This partnership allows Orc users to send order flow via BCS and therefore obtain Russian market access on competitive terms using a state of the art trading platform. The new MoEx offering specifically targets investors who have no Russian presence and thus are excluded from exchange membership, with the new service most suited to propriety trading shops and brokers.

Audrey Faveeuw, Director, Intl. Prime Brokerage Sales, BCS said:
“International investors increasingly want access to the Russian markets and expect the highest standard of trading infrastructure. This partnership with Orc is ideal for our clients as it includes BCS’s Russian deep market knowledge and Orc’s leading trading technology and electronic execution solutions.”

Martin Nilsson, Head of Product Management, Orc Group AB said:
“We are excited about this new offering, which complements our already existing Russian connectivity solutions. By working with BCS, a leading Russian broker, Orc is now well positioned to deliver on a growing business demand, whilst strengthening our market access offering”.

Orc and BCS are also looking to extend the partnership to cover additional Russian markets, including currencies.

BCS Prime Brokerage Limited has presented Russia as partner and sponsor of EMFX Singapore 2014

Conference, that took place on 18th of February at Singapore Marina Bay Sands.

George Zarya, Head of Sales, HFT and Algorithmic Trading, BCS FG, took part in the panel discussion on “Battle between EM voice broking and algo trading”, exploring how the automated trading revolution is going to develop in Asia and what this means for the overall liquidity of the market and discussing how useful are algorithmic FX trading strategies in Asia

http://emfxevents.com/events/emfx-singapore-2014/

FG BCS secures membership on London Stock Exchange

BCS has also recently secured membership on the London Stock Exchange, further enhancing the firm’s ability to market to an international audience. The company was granted UK regulatory authorization by the Financial Conduct Authority (FCA) in June 2013, marking the official launch of its international brokerage business.

Tim Bevan commented:
“Receiving membership for the London Stock Exchange is a statement of our intent internationally, and a clear and positive demonstration of our ambition to become a major player in the market.”

Former Liquidnet Europe Chief John Barker Appointed Executive Chairman of BCS

BCS has appointed John Barker as Executive Chairman of BCS Financial Group (“BCS”) in London. John started his new role at BCS in January 2014.

John brings more than 20 years of management experience in the financial market to the firm. He was formerly the Managing Director and Head of International at Liquidnet Europe Ltd. He has also held various senior positions at Instinet Global Services Ltd, including Director of Operations, Head of Trade Support and managing the membership of multiple exchanges, clearing and settlement systems. During this time, John was also a Board member at Instinet.

The new Executive Chairman role at BCS will primarily focus on driving the business strategy for the international business, and for overseeing corporate governance issues such as the regulatory, risk management and compliance systems. John has acted as a non-executive director at BCS since January 2013.

Tim Bevan, Managing Director of BCS Prime Brokerage commented:
“Since receiving FCA approval in June last year, the BCS international business has gone from strength to strength. It is crucial that as we continue to expand that we have the right people and infrastructure firmly in place. John’s leadership skills, knowledge of the buy and sell side, and his reputation and credibility in the market will add significant value to the firm as we seek to build on our early successes.”

Wealth Management http://wealthmanagement.com/industry/moves-morgan-stanley-coutts-london-stock-exchange-bcs-prime

Ewallstreeter http://ewallstreeter.com/moves-morgan-stanley-coutts-london-stock-exchange-bcs-prime-5479

InvestmentEurope http://www.investmenteurope.net/investment-europe/news/2323996/bcs-appoints-exec-chairman-to-push-international-business

Press releases, 2013

BCS Hires Senior Trader to Start Up UK Equity Trading Operations

LEARN MORE

BCS Financial Group has won the title of the 2013 Best Brokerage Company on Russia’s bond market after voting closed at the Cbonds Awards, in which more than 600 professional market participants took part. Additionally, Leonid Ignatyev, Head of BCS Fixed Income Research, was placed among the top three analysts for the Best Fixed Income Analyst award.

BCS Financial Group has been announced winner of the 2013 Breakthrough Award for the highest increase in trading volume in 2013 at the Moscow Stock Exchange Derivatives Market awards ceremony. Trading volumes on the futures market have risen by more than 66% compared with last year’s statistics.

BCS Prime Brokerage Partners with ARQA Technologies to Implement Back-Office Automation Software

LEARN MORE

BCS Prime Brokerage selects Succession Systems to implement new ultra low latency pre-trade Market Access Risk System for proprietary trading

LEARN MORE

BCS Financial Group has been ranked number one on MOEX FX Market in terms of aggregated trading volumes for main currency pairs USD/RUB, EUR/RUB for August 2013.

LEARN MORE

BCS Prime Brokerage Unveils Fastest Trading Connection between London and Moscow

LEARN MORE

BCS Expands its International Sales and Research Teams

BCS Granted FCA Authorisation; Launches International Brokerage Arm

BCS Bolsters its Management Board; Hires Bring 35+ Years’ Experience

BCS Expands Analyst Team with Igor Goncharov Appointment

BCS Initiates Equity Research Coverage of The Moscow Exchange

BCS Prime Brokerage Selects S&P Capital IQ’s QuantHouse Operation for Advanced Trading Technologies to Hedge Fund Clients