City Of London
Former Potanin Executive Buys UK Unit of Top Russian Brokerage
- Gerald Banks leads takeover of BCS Prime Brokerage business
- Banks was born in Russia and is also known as Guerman Aliev
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BCS Prime Brokerage Ltd., the UK arm of one of Russia’s biggest brokerages, has been acquired by a businessman who previously worked as a senior executive at businesses owned by sanctioned tycoon Vladimir Potanin.
Gerald Banks, also known as Guerman Aliev, is part of a US-UK consortium called GBM Holdings that has taken over London-based BCS Prime Brokerage, according to a statement on GBM’s website. Banks has become a significant shareholder in the business, replacing the owner of the firm’s Russian parent company, Oleg Mikhasenko, filings with the UK Companies House show.