Russia RTS-Micex Splits Top Management Positions, Vedomosti Says

Russia’s RTS-Micex exchange plans to split the positions of chairman and president, both currently held by Ruben Aganbegyan, to focus more on operating management and preparations for an initial public offering, Vedomosti reported, citing an exchange conference call.

The board recommended that shareholders approve Alexander Afanasyev, currently deputy chairman, as chairman of the exchange. Aganbegyan will continue as president to supervise IPO preparations.

To contact the reporter on this story: Marina Sysoyeva in Moscow at msysoyeva@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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