Sergey Rodionov has taken over as president of the Moscow stock exchange, the RTS. Vladislav Streltsov, his predecessor, has become deputy head of the Russian regulator, the Federal Service for Financial Markets.

Rodionov will oversee the RTS as it creates a subsidiary and sells 60% of its stock to the top brokerages and 15% to other market participants. The management will hold 5%, with the remaining shares held by affiliated companies.