OREANDA-NEWS. March 26, 2012. Otkritie Capital, the investment banking arm of Otkritie Financial Corporation – one of the largest financial groups in Russia, has appointed Michael T. Workman to head its fixed income business. He will operate between Moscow and London and report to Igor Vayn, CEO of Otkritie Capital.

Michael has a distinguished track record as an emerging markets specialist and has significant experience in global fixed income and Russian markets. He joins Otkritie from Goldman Sachs in Moscow where he was an executive director in the Fixed Income, Currencies and Commodities group and was responsible for the bank’s structured principal investments in the region.

Previously, Michael was a senior credit trader in Moscow for UBS and head of fixed income at National Bank Trust. He began his investment banking career in Russia with Renaissance Capital after graduating from the University of Notre Dame with degrees in Economics and Russian.

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

Igor Vayn, CEO of Otkritie Capital, commented:

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