Goldman’s Russia Exodus Grows as Workman Quits for Otkritie

Michael Workman, Goldman Sachs Group Inc.’s executive director in fixed income in Moscow, quit to join Otkritie Financial Corp., a month after the U.S. bank’s co-heads and chief trader in the Russian capital left.

Otkritie hired Workman to replace George Urumov, who the Russian brokerage accuses in a lawsuit of helping to defraud it of $183 million, Alexey Karakhan, an Otkritie spokesman, said today by phone in Moscow. Urumov denies the allegations.