Sergey Romanchuk leaves Metallinvestbank after three decades

abdelaziz Fathi

After 29 years of pioneering work and leadership in the foreign exchange and money markets industries, Sergey Romanchuk is parting ways with Metallinvestbank, Moscow.

Sergey Romanchuk

Romanchuk, who has been at the helm of the bank’s FX and MM operations since 1995, leaves behind a legacy of innovation, growth, and numerous accolades in the Russian and international financial markets.

“Unfortunately, since the beginning of 2022, the processes in the Russian financial market, due to well-known circumstances, have gone in the diametrically opposite direction, and attempts to integrate Russia into the civilized world have failed. I left Russia in March 2022 and ceased my activities in all professional associations in the Russian Federation. Today, I am leaving the bank by mutual agreement of the parties,” Sergey wrote on his Linkedin profile.

Under his leadership as the Head of FX&MM since May 1995, Romanchuk was instrumental in building up the FX business at Metallinvestbank from its inception to its position as a market leader. His tenure saw the bank emerge as the first electronic market maker and leader on the Moscow Interbank Currency Exchange during 1997-1998.

Romanchuk’s strategies included the development of an in-house electronic trading, market making, and sales platform. His initiatives propelled Metallinvestbank into the top 3 banks in terms of FX USDRUB volume traded on the Moscow Exchange and globally on platforms like EBS and Thomson Reuters Matching between 2006 and 2010. His role as a market maker on CME and MOEX for all spot and futures was also pivotal, with Metallinvestbank often being the volume leader in Moscow.

Apart from his role at Metallinvestbank, Romanchuk has been a key figure in the wider financial community. As a member of the FX Committee of the Moscow Exchange since January 2000, he has contributed to the development of new products, instrument specifications, and rules of trading, including high-frequency trading (HFT). He served as the chairman of this committee from 2012 to 2014. Additionally, he spent nearly a decade as a member of the Moscow Exchange Council from December 2012 to March 2022, including a period as the Deputy Chairman.

Romanchuk’s leadership extended to his role as President of ACI Russia – The Financial Markets Association, from 2008 to June 2022. His tenure was marked by his reelection for four consecutive two-year terms. Under his guidance, ACI Russia focused on FX, MM, Fixed Income, and Derivatives, seeing its membership swell from 40 to 284. He was also actively involved in the National Foreign Exchange Association from 2001 to 2014, contributing to the development of standard documentation for derivatives trading in Russia and various market rates indicators.

Romanchuk is known for his various publications in leading business presses such as Forbes, Vedomosti, and RBC, and his appearances as a commentator on business TV and radio. Beyond his professional achievements, he has been an active volunteer in social projects, including election monitoring and involvement in alumni and economic clubs.

Romanchuk’s departure marks the beginning of a new venture as he plans to develop his own projects in the international market.

  • Read this next

    Retail FX

    Weekly Roundup: FX prop firms switch to cTrader, who moved $1.35B BTC?

    The foreign exchange and cryptocurrency markets are always active, and this past week was no exception. Stay ahead with a selection of essential stories and updates that matter most to market participants.

    Digital Assets

    Bitcoin breaks all records with a massive $1.347 billion transaction

    This transaction has surpassed previous records, setting a new benchmark for Bitcoin trades. Before this event, the largest Bitcoin transactions included a $1.1 billion trade in April 2020 involving 161,500 BTC, and other significant transactions ranging from $491 million to $1.033 billion throughout 2019 and 2020.

    Digital Assets

    Uniswap debuts Ethereum ‘uni.eth’ subdomains

    Decentralized exchange platform Uniswap has integrated Ethereum Name Service (ENS), allowing users to create human-readable domain names and cryptocurrency wallet addresses using .eth endings.


    Magic Square Expands with TruePNL Acquisition

    Binance’s web3 app store, Magic Square, acquired token platform TruePNL in a cash deal this week for an undisclosed sum. The deal brings TruePNL’s infrastructure (excluding branding & token) under Magic Square’s wing. Initially seeking a partnership, Magic Square opted for a full acquisition.

    Crypto Insider

    The Future of Prediction Markets? Zeitgeist Launches Decentralized Court System

    Polkadot-powered prediction market protocol Zeitgeist has announced the launch of its latest innovation: a decentralized court system.

    Digital Assets

    Crypto exchange Kraken fires back at SEC lawsuit, claiming overreach

    Crypto exchange Kraken is pushing back against the U.S. Securities and Exchange Commission (SEC), seeking to toss out a lawsuit that accused the platform of operating without proper registration.

    Industry News

    Exness Named a Best Place to Work in 2024

     Global leader Exness, tops in retail trading volume, earns 2024 “Best Place to Work” award, cementing its employee-centric culture after three prior years of winning the Cyprus national title.

    Digital Assets

    Swan Bitcoin taps Bakkt for crypto offering in the US

    “We are thrilled to be taking this exciting step forward in our partnership with Swan. This is just the beginning of our collaboration, as we intend to explore further growth opportunities together in the future, including expansion into international markets.”

    Digital Assets

    Polkadot Awards Bifrost a 500,000 DOT Loan to Enhance Liquid Staking Adoption

    Bifrost, a leader in liquid staking solutions, has secured a 500,000 DOT loan from Polkadot’s treasury to expand the reach and utility of its vDOT product within the ecosystem.