Russian broker Otkritie Capital has hired a former executive director form Goldman Sachs to spearhead a push into fixed-income products, as it seeks to build on the success of its fast-growing equities franchise and benefit from increasing investor appetite for exposure to Russia.

The broker said today that it had appointed Michael Workman, who had been with Goldman Sachs in Moscow since 2009, as head of fixed income. He will operate between Moscow and London and report to the bank's chief executive Igor Vayn, the company said in a statement.