By Andrei Skvarsky.
Russian brokerage Otkritie has boosted its international fixed income and strategy team with 11 hires.
The team will be led by Ron Solberg, a former Tokyo-Mitsubishi bank employee and an ex-adviser at Standard & Poor’s, Otkritie said in a statement.
The spectacular hiring spree comes about a fortnight after Thomson Reuters released its annual Extel survey of Russia’s best brokers, which puts Otkritie in eighth place, nine rungs up from the 2010 list.
Solberg will primarily focus on Eurodollar and local currency opportunities in the CIS, Central and Eastern Europe, the Middle East and Africa, and will report to global head of research Alexander Burgansky, who joined Otkritie several months ago after giving up a similar job with Renaissance Capital.
Solberg comes to Otkritie from global investment manager Armored Wolf, which he co-founded and where he was responsible for all emerging market investment activity.
Previously he worked at global investment management firm PIMCO, Tokyo-Mitsubishi and Chase Securities, advised Standard & Poor’s, and was a consultant to global policy think tank RAND Corporation.
His experience includes launching his own investment management firm with high-net-worth and hedge fund clients.
Evgeni Vorobiev has been named as his deputy.


