Russian Investment bank BCS Global Markets, the largest trader of equities and derivatives on the Moscow exchange, has announced today that it is appointing Bradley Duke and Tim Bevan to share the position of Chief Executive Officer of BCS Prime Brokerage Ltd (BCS UK), its UK entity.
The company opened its office in London in 2012 and switched its EMEA trading operations from Cyprus soon after UK regulatory approval from the Financial Conduct Authority in June 2013. Since then, BCS UK has been very actively hiring human resources, totalling 170 staff members as of 2017, with the addition of a Moscow branch of the FCA regulated UK entity, now responsible for the entire operations and CEbusiness support functions of BCS Global Markets.
The change in top management addresses the current business dynamics and responds to a need for robust controls to be in place as the firm continues to expand: “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”, said Roman Lokhov, Chief Executive Officer at BCS Global Markets.
The co-CEO structure designed by BCS Global Markets’ executive management intends to ensure equitable spread of responsibility and capability to address the expansion throughout the regions.
Tim Bevan was Global Head of Prime Brokerage at the company. Before joining BCS, Bevan was Director at Otkritie Securities for almost two years up until August 2012, managed Equity Derivatives & Equity Sales at Renaissance Capital up until November 2008, and was Product Manager for ETFs/ETCs/Securities Derivatives at London Stock Exchange for six years up until 2007.
Bradley Duke joined BCS in 2016 as regional Head of UK, Europe and US, but had already been a Non-Executive Director since 2015. He was Managing Director Europe at Zapper.com for almost four years up until August 2016, and held a similar position at KCG for four years up until 2012. For eight years, Duke was Head of Electronic Trading Services at Jefferies, in NYC, Paris and London.