Valery Pushnya will join Credit Suisse as MD and head of trading for Russia and the CIS. In this role, he will be responsible for developing the bank’s local capabilities in trading FX, interest rates and local securities, reporting to Robin Wilson, head of trading for the emerging markets group at Credit Suisse in EMEA.

Mr Pushnya will join from Deutsche Bank in Moscow where he was head of rates and FX trading for Russia and the CIS. Prior to Deutsche Bank, he worked for Merrill Lynch International as head of local markets trading for Russia and the CIS.

Alexander Danilenko and Anastasia Shamina both will join as directors, reporting to Mr Pushnya. They also join from Deutsche Bank where they were part of the Russia and CIS trading team. At Credit Suisse, Mr Danilenko and Ms Shamina will be responsible for supporting the development of the fixed income sales and trading business in Russia.

Sergey Sadomtsev will join as a director in the fixed income sales team in Russia and will focus on derivatives for corporate treasuries, reporting to Andrey Chuprin, head of fixed income sales in Moscow. Mr Sadomtsev will join from Morgan Stanley, where he was head of Russia sales, responsible for the corporate and financial sectors.

Alexandra Pavlova will join from The Royal Bank of Scotland as an associate to help grow Credit Suisse’s vanilla FX and rates flow businesses in Russia with financial institutions and corporates, she will also report to Andrey Chuprin. At RBS, Ms Pavlova was part of the financial markets distribution team.

Fawzi Kyriakos-Saad, CEO of Credit Suisse in Russia, Turkey and the CIS, said: “We are pleased to be growing our local Sales and Trading capabilities, which will deliver significant flow business for our local and international clients. This expanded team will lead the development of a comprehensive Fixed Income platform for Credit Suisse in Russia.”

Mike Hodgson, head of fixed income for the emerging markets group at Credit Suisse, said: “These important hires represent the next step in our commitment to Russia and the CIS and will help us provide a strong and differentiated Fixed Income platform for our regional and international clients. We look forward to pursuing these opportunities in this important and exciting market.”