Equities and derivatives broker BCS Financial Group (BCS) has appointed Tim Bevan to the newly created role of CEO of its Prime Brokerage unit, on the heels of a rapid expansion of ex-Russian business.
In his new role as CEO of BCS’ Prime Brokerage, he will be tasked with overseeing all international operations and growth strategies. This is the second high profile move at BCS in recent months, with Matthieu Ressencourt joining the group as its Derivatives Head this summer.
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Mr. Bevan joined BCS Financial Group back in 2012 from Otkritie Capital, having served as the Director of Global Electronic Trading. Prior to this role he was also working in senior level roles at RenCap and the London Stock Exchange.
According to Roman Lokhov, CEO, Head of GMIB BCS Financial Group in a recent statement on the appointment, “since opening our UK office BCS Prime Brokerage has grown significantly, we believe that now is the time to recognize this growth by creating a new CEO position for which Tim was the natural candidate. This position will give Tim and the senior team a more formalized structure to continue working towards new business lines outside Russia.”
“Since joining BCS we have worked hard to build the business outside of Russia and grow our range of products and services on offer to clients, this hard work has been rewarded and we are now the go-to broker for Russia and Russian products. The business outside of Russia is now at the size where it is an integral part of the BCS global operations and I am delighted that the board of BCS has recognized the work of the team by creating a CEO position for non-Russian operations, which I am delighted to have been appointed to. I look forward to continuing to grow and expand our business in the coming years,” added Mr. Bevan in an accompanying statement.