Before moving to BCS Global Markets, Cleary was managing director, head of sales trading at BCS Financial Group. 

London-based Cleary has extensive experience working in trading positions. He previously served as head international sales trader at Otkritie Securities, and before that held sales trading roles at VTB Capital and Renaissance Capital.

Cleary has also worked as a hedge fund trader at Walter Capital Management and head of operational risk and control at Bear Stearns International.

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One of BCS Global Markets’ prime services sales leads has left the investment bank to join boutique merging markets broker and investment bank BancTrust.

Grigoriy Kozin has been appointed head of business development, prime services and electronic execution at BancTrust after three years in his role at BCS.

Kozin joined BCS as its head of business development for prime services at BCS Global based in London in November 2020 – responsible for developing the prime brokerage and securities financing business lines and revenue streams.

Read more: Sova Capital veteran joins BCS Global Markets to head up prime services sales

Before that he spent more than a decade at SOVA Capital, previously Otkritie, most recently serving as director of prime services.

Kozin’s areas of expertise include high and low touch execution, securities financing, and market and credit risk assessment. He also has experience working across a range of asset classes – equities, commodities, FX spot, listed derivatives, and ETFs.

BancTrust has global operations and is focused on emerging markets across the globe, specifically Eastern Europe, Latin America, Africa, and the Middle East.

Speaking in a post on social media, Kozin said: “We are set to offer a full suite of prime financing, custody and execution services across various asset classes to institutional customers looking for an emerging markets specialist.”

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Julien Mareschal, who will take on the role, will be based in London, reporting directly to Maxim Safonov, co-CEO of BCS GM, and Martina Atavadzhieva, global head of risk, BCS GM.

Mareschal brings over 20 years’ experience in financial risk management to BCS GM, having previously served at Mediobanca, BNP Paribas, Heritage Capital UK and Commerzbank London.

Most recently, Mareschal was head of risk management London at Mediobanca where he oversaw the risk management of the firm’s London capital market activities and alternative asset management.

Prior to Mediobanca, Mareschal acted as senior risk manager for BNP Paribas London’s transaction and securitisation team, responsible for new transactions, securitisation credit and market risk framework.

Before this, Mareschal served as head of structured credit trading at Heritage Capital UK, where he led the development of structured credit brokerage.

In addition, Mareschal has also acted as head of ABS, MBS, CMBS and CLO trading at Commerzbank London.

In his new role at BCS GM, Mareschal will be responsible for further developing and leading a comprehensive risk management framework for the firm’s operations.

Additionally, he will lead risk management across various business lines and across BCS GM’s entire suite of investment banking solutions.

“Risk management is fundamental to BCS GM’s culture of accountability and transparency, and we are pleased to welcome someone of Julien’s proven ability and experience to our growing international business,” said Safonov.

“We believe that Julien’s expertise and track record in building and overseeing world-class risk management systems and infrastructure, coupled with his extensive knowledge of our industry, will be a vital cog in helping to take BCS GM to the next level in our growth trajectory.”

Over the past year BCS Global Markets has made several senior appointments as it looks to drive growth across its foreign exchange, fixed income and prime services divisions.

These include the appointments of Kiti Pantskhava as deputy head of fixed income research, Grigoriy Kozin as head of business development for prime services at BSC Global and most recently, Vladimir Samokhvalov as head of the foreign exchange division.

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Samokhvalov joins BCS Global Markets as head of the foreign exchange division from Alfa Bank where he served as deputy head of the foreign exchange department for over 10 years.

In his new role, he will be responsible for developing the FX domestic and international product strategy, creating a model of FX sales for corporate and institutional clients, and developing an FX platform for use across all investment banking solutions at BCS.

“Developing a competitive product line-up, a comprehensive customer coverage model, and an effective banking platform are key priorities of BCS GM’s development,” said Maxim Safonov, co-chief executive at BCS Global Markets, who Samokhvalov will report directly to.

“We have no doubt that Vladimir’s impressive experience and sector knowledge will help BCS GM build a cutting-edge FX platform, which will take our FX operations and suite of products to new heights.”

Samokhvalov’s appointment comes during a period of continuous expansion at BCS across all its product offerings.

In the last 12 months, the Russian brokerage has cherry picked several senior individuals from some of the market’s largest institutions including HSBC, Citi, and Sova Capital, to drive growth across its investment banking, global equities, prime services, and fixed income departments.

Most recently in December, the firm appointed a former senior credit analyst at investment research firm Tellimer as its new deputy head of fixed income research.

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Kiti Pantskhava joins the Russian brokerage with 20 years of industry experience, most recently serving as a senior credit analyst at investment research firm Tellimer for two and a half years.

In her new London-based role, she will be responsible for co-leading a team specialising in fixed income strategy for the Russian and other emerging markets, as well as overseeing the development of the firm’s fixed income research offering.

Previously in her career, Pantskhava served in several fixed income analyst roles at Exotix, Gazprombank Asset Management, Nomura, VTB Capital, and Standard Bank Group.

“Our research team brings together decades of experience from across the international financial services industry, and we’re excited to welcome Kiti into our diverse cohort of 19 globally recognised analysts and strategists,” said Kirill Chuyko, head of research at BCS Global.

“Kiti’s experience and understanding of the specific financial market environment in both Moscow and London will be invaluable in strengthening BCS GM’s cross-border solutions and services that help existing and future clients uncover the opportunities arising from this challenging and unprecedented period for markets.”

Pantskhava’s appointment follows a series of new hires throughout this year by BCS as it continues to inject new talent into its global business. In January, HSBC’s former European head of credit trading joined BCS to oversee the firm’s markets and investment banking divisions in Moscow.

Later in September, BCS appointed the former head of Russia equities at Citi to lead its global equities business followed swiftly by a BNP Paribas veteran joining to head up operations in October, and a Sova Capital executive joining to head up prime services sales in November.

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Grigoriy Kozin has been appointed head of business development for prime services at BCS Global based in London, where he will be responsible for developing the prime brokerage and securities financing business lines and revenue streams.

Kozin joins BCS from Sova Capital, formerly Otkritie Capital, where he served for over a decade most recently as director and head of prime services overseeing the prime brokerage, electronic execution, custody, and clearing across multiple asset classes.

“At BCS, we pride ourselves on bringing in the best talent available in our market, and I have no doubt that Grigoriy’s extensive product development coupled with his impressive industry and market knowledge will make him an invaluable addition to the team, and will help to further grow our Prime business,” said Tim Bevan, UK CEO and global head of prime services at BCS Global Markets.  

Kozin’s appointment follows a series of senior new hires by BCS over the course of this year. In January, HSBC’s European credit trading head joined BCS as senior managing director and head of capital markets and investment banking. 

More recently, the head of Russia equities at US investment bank Citi joined BCS as global head of equities in September and a former IT head for the corporate and investment bank at BNP Paribas joined BCS as chief operating officer for the investment bank business in October.

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Vadim Kotov has been appointed chief operating officer for the investment bank business at BCS Global Markets in Moscow to oversee its IT platform and implement an operating model to further the broker’s development strategy.

Kotov joins BCS Global Markets from Russian bank Sberbank where he held various roles, most recently chief technology officer for the international and corporate investment bank division.

Prior to Sberbank, Kotov spent five years with the corporate and investment banking business at BNP Paribas in Moscow. At BNP Paribas he was head of IT and operations supervising various operational departments.

“We have a razorlike focus on continuing to enhance our IT infrastructure and automation across all our processes. We see these as the key drivers for scaling our business and further promoting our products and services to our worldwide customer base,” said Maxim Safonov, co-CEO of BCS Global Markets.

“We are also looking to grow our investment bank in parallel with the global trends of corporate culture and sustainability, transparency, peer-to-peer interaction, process streamlining, and automation. We are pleased that Vadim is now part of the BCS team and are convinced he will make a major contribution to our business journey over the coming years.”

Kotov’s hiring follows a series of new appointments made by the Russian brokerage recently. In September, the head of Russia equities at US investment bank Citi departed to join BCS Global Markets to lead its global equities business. Alexei Bolshakov was appointed global head of equities at BCS Global Markets and is now responsible for managing the institution’s equity teams across all entities.

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Alexei Bolshakov has been appointed global head of equities at BCS Global Markets and will be responsible for managing the institution’s equity teams across all entities.

Bolshakov brings with him more than 13 years of experience working in equity capital markets, including nine years with Citi where he was most recently head of Russia equities.

Prior to Citi, he spent three years at Deutsche Bank as director of equity sales and sales trading where he worked closely with investment funds across the globe.

“Alexei has a proven track record in the international equity arena, and we are certain that the wealth of experience and knowledge he has accrued throughout his successful career will prove invaluable to BCS GM and its standing as Russia’s largest independent broker,” said BCS Global Markets co-chief executive, Safonov.

“Having worked across multiple jurisdictions, Alexei’s understanding of specific markets will be invaluable in bolstering BCS GM’s cross-border solutions and services for our clients.”

Bolshakov will report directly to Safonov and will be based in Moscow. 

Safonov joined BCS Global Markets in January this year after departing investment bank HSBC where he was formerly head of local rates and credit trading. Safonov oversees the markets and investment banking operations at BCS Global in Moscow, London, New York, and Cyprus.

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Maxim Safonov will oversee the markets and investment banking operations at BCS Global in Moscow, London, New York and Cyprus, after being appointed as a senior managing director and head of capital markets and investment banking.

He will deliver the broker’s group strategy across these two segments, and look to increase its overall market share.

Safonov previously spent over two years at HSBC as head of local rates and credit trading in Europe, the Middle East and Africa, after four years leading global markets within Sberbank corporate and investment bank based in Moscow.

“Maxim brings an unparalleled blend of both Russia and international capital markets and investment banking experience,” BCS Global Markets CEO, Roman Lokhov, commented on the new hire. “We have no doubt this will be capitalised upon to bring these businesses to the next level and to help launch new international businesses as part of our diversification strategy.”

Russia-based BCS Global has made moves in recent years to bolster its position in the global market, with several key hires and the launch of a global equity algorithmic trading platform for institutional investors via its US division.

In July, BCS Global poached Deutsche Bank’s head of equities technology in Russia to implement its IT strategy with increased automation and connections to new markets. Dmitry Trub was appointed chief information officer at BCS Global in Moscow, reporting to Lokhov, after almost eight years with Deutsche Bank in various equities technology roles.

“BCS Global Markets has ambitious goals, which includes a major transformation, and a capitalisation, worth one billion US dollars. Our strategy is built accordingly upon the foundation of a world-class team with a formidable international capital markets and investment banking expertise,” Lokhov concluded.

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Dmitry Trub has been appointed chief information officer at BCS Global in Moscow, reporting to the firm’s chief executive, Roman Lokhov. Trub will be responsible for driving software development across the Russian-based broker’s investment banking services for institutional clients.

He joins BCS Global from Deutsche Bank where he spent almost eight years in senior equities roles, such as co-head of trading technology for Russia, and most recently, director and head of global markets equities technology, where he led software development to simplify order management and execution.

Trub’s departure from Deutsche Bank follows the German institution’s move to close its equities trading franchise globally, and transition its prime brokerage and electronic equities business to BNP Paribas, as part of major restructure. The restructure included the loss of around 18,00 full time positions and a targeted reduction in adjusted costs of around €6 billion by 2022.

“As one of the most high-tech companies in the financial sector, we put a focus on our investment bank’s IT platform as a key factor in the development of our products and services for BCS Global Market’s institutional clients, as well as our for business development in Russia and internationally,” said BCS Global CEO, Lokhov. “I am confident that his unique experience in shaping technology development strategy will enable him to make a great contribution to the future of the company.”

Earlier this year, the US subsidiary of BCS Global launched a new trading platform for global equity trading and settlement for institutional investors. BCS Americas, which became a registered member of the New York Stock Exchange last year, said that the new platform combines its trading analytics with a global market reach, as well as algorithmic trading and smart order routing capabilities.

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