January 18, 2011 / 4:27 PM / 9 years ago

Russia's Otkritie lures team from Knight Capital

LONDON, Jan 18 (Reuters) - Russian bank Otkritie poached a group of five fixed income bankers from rival Knight Capital Group KCG.N in a hiring spree to beef up its investment bank in London ahead of the group’s planned IPO next year.

The company, which founded its investment bank in early 2007, said on Tuesday Knight Europe’s head of CEEMEA sales and trading, George Urumov, would lead the flight from the electronic trading services provider, becoming Otkritie’s global head of fixed income.

Alessandro Gherzi joins to head the international sales team, which will include his former Knight colleagues Alisa Mujagic, Nipun Ramaiya and Jamil Mufti.

It is the second time in four months the Russian lender has snapped up a whole group from a rival, after poaching six equity traders from emerging markets specialist Renaissance Capital in October last year. [ID:nLDE6961NG]

Appointments have also been made in recent months from Uralsib, Troika Dialog TROYFSG.RTS, TKB Capital and Citi (C.N).

Otkritie’s head of investment banking Roman Lokhov told Reuters in October it planned to launch an initial public offering in 2012.

The bank has more than 110 billion roubles ($3.7 billion) worth of assets. (Reporting by Michel Rose; Editing by David Cowell) ($1=29.88 Rouble)

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