Credit Suisse is expanding its fixed income platform in Russia with five sales and trading hires. The bank believes the appointments will be instrumental in building Credit Suisse’s full service foreign exchange, rates and local securities presence in Moscow and form part of the bank’s continued development of its business in this key market.

Valery Pushnya joins as a managing director 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. Pushnya joins from Deutsche Bank in Moscow where he was head of rates and FX trading for Russia and the CIS.

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

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

Alexandra Pavlova joins Credit Suisse from 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 Chuprin.

Fawzi Kyriakos-Saad, chief executive of Credit Suisse in Russia, Turkey and the CIS, said: “This expanded team will lead the development of a comprehensive fixed income platform for Credit Suisse in Russia.”