In his new role Mr Kozyrkin will be responsible for shares portfolio management as well as the analysis and selection of share issuers and their credit risks, the firm said in a statement.

Prior to the appointment, Mr Kozyrkin worked at Binbank Asset Management as head of investments. He also worked as head of asset management at NFG Asset Management.

Registered in 1996, Alfa Capital has $1 billion of assets under management. Its clients include corporations, high net worth individuals, funds of funds, pension funds and retail customers.