Same year Kanokov initiates the creation of a trade and purchase cooperation with a trade name of "Kodex". It gets re-organised to "Sindika" holding company in 1991. Its scope includes several spheres: bank operation and investments, building in Moscow and its region, multi-functional trade networks' management (including Arsen Bashirovich's native region of KBR). From 1994 to 1998 Arsen Kanakov is the holding's president. He proves himself as a talented organiser and professional manager. While working for "Sindika" Kanokov purchased 30% of ZAO "Centrocredit Bank" stock and entered the directors committee, where he remained till 2003. He successfully combined his activity of a manager with a banker's and political career – in 1998 he became a permanent representative of KBR to Russian President.