A prominent brokerage firm based in Cyprus has made a significant addition to its leadership team by appointing Sergei Solomatin as its Director of IT Operations. This move is part of a broader initiative to enhance the firm’s technological framework. Solomatin, who brings over 20 years of experience in information technology, particularly within the finance sector, will report to the Chief Technology Officer and is expected to manage key aspects of the company’s hybrid infrastructure, cloud transformation, and automation efforts.
Solomatin’s background includes tenures at various Russian financial institutions where he executed extensive technology upgrades. His role will encompass a wide range of responsibilities that include overseeing production support, DevOps, service desk operations, and infrastructure management, as well as monitoring and project management related to IT.
Additionally, this executive placement follows a series of recent senior hires aimed at strengthening the company’s strategic initiatives. Earlier this year, Robert Parker was appointed as the Head of Risk, contributing his prior experience in credit, liquidity, and market risk from his time at Deutsche Bank. He will play a pivotal role in the firm’s expansion into derivatives and options trading. Another notable appointment was Oscar Tsui, who became the Hong Kong Regional Head, tasked with leading growth in East Asia.
These recent hires align with a larger plan focused on evolving the company’s technological capabilities. Operating in over 50 markets with an extensive portfolio of more than one million tradable assets, the firm requires a robust and sophisticated IT infrastructure to ensure optimal performance and reliability.
The focus on technology serves as a testament to the firm’s commitment to building a state-of-the-art platform. Leadership has expressed that the appointment of Solomatin is crucial for enhancing operational efficiency and resilience, which are foundational to the growth strategy of the company on a global scale.
The firm has been proactively expanding its global presence along with its technological developments. Notably, last year, it opened an office in Dubai’s International Financial Center to better cater to clients in the Middle East, complementing its established operations in Hong Kong and London.
Solomatin will leverage his extensive experience in high-load IT environments from his previous roles at various financial institutions as he takes charge of spearheading cloud transformation and automation initiatives. This strategic focus on IT is instrumental as the company aims to better serve its institutional clients and adapt to the rapidly evolving financial landscape.