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BCS World of Investment BCS Finance Group

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+ BCS World of Investment (BCS Finance Group)

BCS World of Investments is a financial holding with a 25-year history, providing clients with the widest range of brokerage and investment services.

BCS World of Investments - No. 1 on the Russian stock market: leading positions in the rating of the Moscow Exchange in terms of turnover on the stock market (1.26 trillion rubles), in the list of leading operators of the foreign exchange market (3.34 trillion rubles), in the ranking of bidders in terms of the volume of client operations on the urgent market with a result of 6.1 trillion rubles (data for 31.03.2021).

As of April 2021, BCS Mir Investments serves more than 700,000 customers, the holding employs more than 5,000 employees, branches are located throughout Russia (more than 40 cities of presence), representative offices operate in large foreign cities - in New York, London, Limassol and Dubai.

BCS World of Investments is an innovator in the field of digital technologies in the financial sector. On a single digital platform of the holding, all key solutions for both professional investors and beginners are assembled. BCS was among the first in the market to offer Internet trading to customers, provided access to opening brokerage accounts online and replenishing them through the Quick Payments System, provided investors with the opportunity to work with a single brokerage account, and was the first to launch foreign exchange mutual funds.

The reliability of BCS Mir Investments is confirmed by leading rating agencies: the highest reliability rating at the level of AAA from the National Rating Agency, a creditworthiness rating at the level of ruBBB+ from RAEX (Expert RA), a rating at the level of "B/B" from the international agency S&P Global Ratings.

Assets

FG BCS is the largest non-bank broker in Russia. In addition to the broker, the group includes a bank, a management company, a private bank and a training center. At the end of 2018, the group's assets amounted to $3.7 billion, share capital - $470 million.

BCS Global Markets

BCS Global Markets is the global investment banking business of the BCS Group. The company works with professional investors, provides direct access to foreign markets and vice versa. The company has units in New York, London, Cyprus and Moscow. The main office in London. This business in the group has been launched since 2012.

2021

Interview TAdviser with CTO direction Broker business Viktor Molodtsov

The development of the brokerage business can be successfully carried out on the basis of a stack of modern technologies, widely using free software, containers and microservices. At the same time, project teams have a high degree of independence, working according to the principles of Agile. This was told in an interview with TAdviser by Molodtsov Viktor, CTO of the Broker business direction of BKS World of Investments. More details here.

How a mobile app increases the chances of successful trading

How to trade on the stock exchange to earn money on it? Of course, no one will give 100% guarantees. The change in trends and the value of shares is influenced by many factors that the investor cannot manage: the political situation in, to the country the sudden bankruptcy of the company, the new, virus even the phrase Ilona Mask in "." Twitter But it is still possible to increase the chances of success, all other things being equal. And here just help fiches from mobile applications brokers. For example, the opportunity to buy shares in a matter of seconds, build forecasts, to trade the American paper and save on - all taxes these are "small steps" that lead to profitable investment. If you are looking for a mobile application stuffed with such things, you should look at the "mobile" from "BCS World of Investments." More details here. [1]

2019

Finnish FIM Asset Management closed accounts in BCS due to risks

In September 2019, Finnish FIM Asset Management closed accounts with the BCS, citing "operational risk/legal risk associated with personnel management deficiencies," the report, which Bloomberg reviewed, said.

Failure in the derivatives market

Amar Patel, the senior vice president responsible for stock derivatives at BCS FG, left the company in October 2019 after it froze operations with these instruments due to losses, sources familiar with the situation said.

Patel's dismissal is one of the consequences of revising the derivatives trading business after the leadership of the largest broker in the Russian Federation realized the scale of losses in the first half of the year, said sources who asked for anonymity due to the non-public nature of the information. Patel, who began working at the BCS in 2017, and a BCS representative did not respond to multiple requests for comment.

Losses arose due to errors in the risk management system and forced BCS to reduce bonus payments to many employees of the stock management department, sources said. According to them, the problem became known after the dismissal of managing director Mathieu Ressancourt in January. Ressancourt declined to comment.

The BCS financial group owned by Oleg Mikhasenko in the consolidated statements for the first half of 2019 reflected losses from derivatives trading of 11.3 billion rubles, or $180 million at the exchange rate as of the reporting date. This is a third of the group's capital, which in the first half of the year amounted to 32.6 billion rubles. As a result, the group's profit collapsed 3.5 times to 1.3 billion rubles or $20 million. Forbes has reporting from the BCS group for the first half of 2019.

As follows from the reporting for the first half of 2019, in the same period last year, the group earned income of 8 billion rubles or $130 million from derivatives trading. For the whole of 2018, these operations brought the group 16 billion rubles ($230 million) in income (Forbes also has a report for 2018).

According to the rating agency S&P, the BCS group received losses due to a desire to make money on sanctions. The company expected the introduction of new sanctions by the United States and the EU against Russian companies and the subsequent weakening of the ruble, as well as an increase in interest rates and a decrease in the value of securities.

BCS opened a long currency position and acquired put options for the dollar and indexes of Russian shares.

However, the stress scenario was not realized, which led to expenses for the group, the volume of which was equal to the volume of premiums paid for insurance, according to S & P. The profit of the BCS group decreased in the first half of 2019 from 4.6 to 1.3 billion rubles. The bulk of the profit is a tax deduction of 1.2 billion rubles. Losses from derivatives trading amounted to 11.3 billion rubles, or $180 million.

In general, in the first half of the year, profit from trade operations decreased to 2.2 billion rubles from 7 billion rubles a year earlier.

The losses were stretched in time, and the management learned their real scale only in 2019, said one of Forbes's interlocutors.

Losses on the derivative desk occurred in the second half of 2018 in the London office of BCS Global Markets, including due to an unsuccessful bet on the "fear index," says Forbes interlocutor, who learned about this from BCS employees. "For a couple of years, the company earned well, but then all the earnings were lost and plus turned into a minus. Losses were on the Developed Market Derivatives desk, which mainly traded at the company's own funds, "he says.

BCS Global relied, among other things, on the VIX volatility index, known as the "fear index." Its value increases when volatility increases, usually during an exchange panic, the VIX reaches its maximum values. Since February 2016, the index has gradually decreased until it reached a historical low of 11 points. But already from the beginning of 2018, a sharp increase began. "Many players put on a decrease in volatility - it was a popular strategy. But when the surge happened, it played a cruel joke with many, "says Timur Nigmatullin, investment manager of Otkritie Capital.

BCS Global had a multi-directional position, but rather large, says Forbes interlocutor. "For two years in a row there was space income, but in 2018 it was unlucky," he says. According to him, it was not the money of customers, but the company's own position. According to Bloomberg sources, losses arose due to errors in the risk management system.

At the end of 2018, the London company did not reflect losses, showing $2.4 million in net profit, which turned out to be even more than in 2017 - $1.1 million. Finaz.ru, citing Bloomberg, writes that the losses became known after the dismissal of managing director Mathieu Ressancourt in January. Ressancourt has been the head of the derivatives desk in London since 2014. Leaving the BCS is confirmed by information in the trader profile on the LinkedIn. Since June, Resancourt got a job in the French company Silex as a portfolio manager. When asked by Forbes to talk about deals at BCS Global, the trader only said he had long left the company. His acquaintance says that Ressancourt left the company himself. He also noted that Ressancourt had losses on the board, but they were not so significant - "only slightly negative" due to the high costs of commissions and the significant cost of funding.

The loss affected the bonuses of BCS employees. In the first half of the year, the salaries and bonuses of managers decreased by almost three times compared to the same period last year - from 380 million rubles to 140 million rubles, according to the financial group.

The BCS press service told Forbes that "the investment bank BCS Global Markets and FG BCS were and remain profitable in 2018 - 2019. "All our desks work within the limits and investment declarations established by the risk management department. The Company has not suffered any loss that would affect the financial position of BCS GM and FG BCS. No sales desk has suspended its work. BCS GM as a whole did not stop any operations. As for our derivative desk, he continues his work in London and strengthened the team in Moscow, "the press service said. The official comment also said that the changes in the investment bank team are dictated by business development according to the company's commercial strategy.

At the same time, the press service refused to comment on the financial results of a separate desk, citing the internal policy of the BCS, but noted that "due to the unstable geopolitical situation in 2018, the risk of appetite of the investment bank was reduced." "Trading limits were reduced and a hedging strategy was applied. This conservative strategy, as well as the high level of volatility at the end of 2018, limiting trade income, led to a decrease in the financial result compared to 2017, "the BCS said in an official statement.

2018

Net profit 5.7 billion rubles

BCS did not publish reports for 2018 and 2019. According to data that Bloomberg got acquainted with, her net profit in 2018 amounted to 5.7 billion rubles ($89 million).

In recent years, BCS has developed intensively in Russia and abroad, after the United States and the EU imposed sanctions against Russian state investment banks in 2014.

In 2018, the company became the only Russian broker-member of the New York Stock Exchange.

Andrey Rusetsky - curator of the group of managers on equity markets

In October, 2018 the asset manager of UK BKSAndrey Rusetsky is appointed the curator of group of managing directors on the stock markets. More details here.

Andrey Rusetsky - asset manager, Konstantin Kravtsov - credit analyst

In August 2018, Andrei Rusetsky, asset manager, and Konstantin Kravtsov, credit analyst, joined the investment team of BCS Management Company.

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The development of a line of classic conservative investment products - public mutual funds, focused primarily on domestic financial assets - is one of the priorities in the development of the BCS Management Committee. It is classic retail PFIs that are almost the unconditional choice of the domestic mass investor, as evidenced by significant inflows of funds into the industry of traditional open PFIs over the past few years. BCS Management Company intends to strengthen investment expertise in these products and asset classes in order to strengthen its position in the domestic retail asset management market, "commented Andrei Bershadsky, Investment Director of BCS Management Company.
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More information about appointments - in the questionnaires of Andrei Rusetsky and Konstantin Kravtsov.

2015

Logo BCS in 2015

As of March 2015, the BCS financial group was one of the largest investment banks, serving more than 130,000 customers. The group was the leader in the MICEX stock exchange and had an extensive international network with offices in Russia, the UK and Cyprus.

2012

In 2012, the S&P rating agency for the BCS group established long-term and short-term counterparty credit ratings at the level of "B -/C," the forecast is "Stable."

FG BCS brought to the market a new retail brand - BCS Premier.

The mission of the BCS Prime Minister is to maintain and develop well-being based on personal financial planning (TFG) and the institute of personal financial advisers.

Another brand that FG BCS launched on the market in 2012 was BCS Ultima private banking. BCS Ultima is focused on the segment of wealthy Russians and, when working with each client, attaches key importance to personal planning and personal privileges.

FG BCS occupies a leading position in terms of trade turnover on the Moscow Exchange.

2011

At the end of the year, the financial group has the most extensive branch network in the domestic brokerage services market - 54 offices and 73 agency points in the largest cities of Russia. More than 100 thousand clients, including over 3.6 thousand legal entities, are engaged in brokerage services at the BCS.

2010: Leader of the options market by volume of transactions in Russia

BCS IC became the leader of the Russian options market in terms of the volume of transactions made on FORTS.

2009

At the end of 2009, the RTS Stock Exchange declared BCS IC the best company in the FORTS market. BCS IC has become the absolute market leader in terms of trade turnover and the number of customers.

IC BCS for the third time became the winner of the national business award "Company of the Year 2009" in the nomination "Investment Company of the Year."

The national rating agency "confirmed the individual reliability rating of BCS Company LLC at the AAA level - maximum reliability.

BCS IC was recognized as the best in the nomination "Best Broker 2009" of the RTS competition "Best Private Investor" - out of 1036 bidders, 301 accounts were opened by customers of our company.

The investment company BCS (BCS Company LLC) carried out another increase in the authorized capital of the company. as of March 20, 2009, this figure reached 1.5 billion rubles.

In March 2009, BCS IC was one of the first in the world to undergo the first supervisory audit of management quality in the company according to the new version of ISO 9001:2008 standard.

At the end of 2008, BCS IC became the winner of the prestigious Financial Olympus awards in the nomination "Largest Brokers" and "Financial Elite of Russia" in the nomination "Grand Prix: Investment Company of the Year."

In 2009, BCS IC became a six-time winner of the national prize "Elite of the Stock Market." according to the results of 2008, BCS became the winner in the nomination "Company of the East Siberian Region."

At the end of 2008, BCS IC became the "Best broker of the RTS futures and options market."

2008

President of FG BCS Mikhasenko O. V. joined the board of directors of NAUFOR.

Analysts of the BCS IC in 2007 once again entered the top ten "Best Analytical Teams" according to RBC.

The investment company BCS became a five-time laureate of the NAUFOR contest "Stock Market Elite 2007," having received a winner's diploma in the nomination "Company of the East Siberian Region."

2007

According to the National Rating Agency (NRA), BCS IC is assigned the rating category "AAA" (maximum reliability).

IK BCS became a two-time winner of the national business award "Company of the Year" in 2006 and 2007 in the nomination "Investment Company of the Year."

BCS IC offered customers a new service unique to the Russian market - Internet trading in the classic RTS market.

President of BCS IC Oleg Mikhasenko was elected to the Board of Directors of MICEX Stock Exchange CJSC.

IK BCS won two prizes "Financial Elite of Russia - 2007" in the nomination "Best Investment Company in the Stock Market" and "Financial Olympus 2006" in the nomination "Largest Investment Company in Terms of Turnover."

2006

BCS IC was the first of the domestic top brokers to introduce a system in which an investor gets the opportunity to make transactions in international markets through a licensed Russian investment company.

2005

BCS IC offered its customers a new service unique in the Russian market - free sending notifications on the execution of trade and non-trade orders by e-mail and Email-SMS.

IC BCS acquired 0.8% of RTS shares, increasing its share in the authorized capital of the exchange to 2.8%.

2004

BCS became a shareholder in MICEX and RTS exchanges - 2% each.

BCS IC gave its clients the opportunity to trade Russian and international assets in one terminal using the QUIK platform.

2003

BCS IC introduced paperless document flow technology between the client and the company using an electronic digital signature.

2002

BCS IC commissioned the Single Broker Account technology. Customers of the company can simultaneously make transactions on 3 sites - MICEX (stock section), MICEX (government securities), RTS-Gazprom.

2001

The investment company BCS received licenses from the Federal Securities Market Commission to conduct brokerage, dealer, depositary and securities trust management activities without limiting the validity period.

NAUFOR upgraded the reliability rating of BCS Company LLC from A (high reliability) to A + (very high reliability).

2000

A branch was opened in Moscow.

BCS was one of the first in Russia to offer Internet trading to customers.

1998

BCS IC became a member of the MICEX stock market section.

IC BCS became a member of the Russian Trading System.

1995: Oleg Mikhasenko resells public vouchers and establishes a company

BCS Company LLC issued the first license to operate on the securities market as a financial broker and investment consultant.

A company registered in Novosibirsk, wholly owned by Oleg Mikhasenko, grew out of a company that resold vouchers to the population as a result of privatization in the 1990s.