13 May 2004 12:21
Sergey Rodionov Appointed Acting President of the RTS Stock Exchange
MOSCOW, May 13 /PRNewswire/ --
The Board of the RTS Stock Exchange has appointed Sergey Rodionov Acting President of the Exchange. His appointment
is subject to ratification by the next RTS Stock Exchange Annual Partnership Meeting to be held in June 2004.
He was previously First Vice-President, a post he had held since 2003. Before that, Sergey Rodionov served as
Vice-President of the RTS Stock Exchange. He led and managed the introduction of the REPO trading system, and the
development of the Exchange's trading and settlement infrastructure. He was also responsible for monitoring and
surveillance at the Exchange.
Commenting on the appointment, Dmitry Ponomarev, Chairman of the RTS Stock Exchange Partnership, said: "Sergey
Rodionov brings a wealth practical experience to his new position. He has been heavily involved in the new initiatives
currently underway at the Exchange, and especially with the new corporate structure, OSJC "RTS Stock
Exchange". We need continuity at this time and his work on the new central counterparty, clearance and settlement
arrangements is crucial".
The RTS Stock Exchange Partnership Board also approved Sergey Rodionov's candidacy for the position of General
Director at the new OSJC "RTS Stock Exchange".
In a measure to create a vehicle aligned with key market participants, 60% of the stock of OSJC "RTS Stock
Exchange" will be held by the top 15 brokerages (by volume traded) with another 15% spread across other market
participants. Management will hold 5%, with the remaining shares held by RTS-affiliated companies.
Sergey Rodionov - Biographical details
Sergey Alexeevich Rodionov, 44, started his career in the Russian securities market in 1995. He took an active part
in the creation of the Professional Securities Market Participants Association (PAUFOR). At PAUFOR he was responsible
for monitoring and client services across the regions.
>From 1996 to 1997 Mr. Rodionov was Deputy President of the National Association of Professional Market Participants
(NAUFOR). NAUFOR developed and implemented the concept of self-regulatory bodies in the Russian market. RTS Stock
Exchange
For further information contact: Nikolai Jour, Moscow, tel: +7 095 774 4176 or jour@rtsnet.ru; Bill Stokoe, London,
tel: +44 (0) 7768 124 685 or bstokoe@ansdellconsult.com
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