OREANDA-NEWS. February 21, 2008.Dan Rapoport has been appointed managing director of Finam Investment Company. Earlier he held a similar position at CenterInvest Securities. At Finam Rapoport will head up a division to deal with Russian and international institutional investors.

Finam's new managing director will form a division during the next few months that will conduct activities within the Investment Division. It will focus on dealing with second-tiers and greenfield stocks and rolling out brokerage services targeting international and Russian institutional clients. The new division's backbone will be a team of stock analysts, traders and sales managers that will begin to work in mid-March. At issue are professionals who previously worked with Rapoport, more precisely, at CenterInvest Securities.

"Dan Rapoport is a recognized professional in the Russian investment business. For a long time Finam has expanded as a company mostly geared towards private investors. Hopefully Dan and his team will help us bolster our position in this segment, which is a relatively new niche for us, and become serious rivals for the present leaders" – head of Finam's Investment Division Dmitry Serebrennikov noted.

"My move to Finam was to a large extent driven by the fact that the company's business approach is close to my own. The company exhibits dynamic growth, is fast in decision-making and accumulates resources needed to bring its decisions to fruition. I'm confident that our mutual efforts will be highly effective " – Rapoport noted.