Prosperity Capital Management Speakers

Transcription

1 PROSPERITY INVESTOR TRIP 2015 A BRIEF INTRODUCTION TO THE SPEAKERS Prosperity Capital Management Speakers Mattias Westman, Founding Partner Mattias Westman is based in London, but shares his time between London and Moscow. He has been investing in Russia since 1993 and lived in Russia full-time between 1997 and Mattias was a co-founder and Deputy Chairman of Russia s Investor Protection Association. He has also served on the board of numerous Russian companies - including Lenenergo and Magnit. Prior to founding Prosperity in 1996, Mattias was Director of Alfred Berg/ABN AMRO's Russia department, having been a stockbroker with the Swedish firm H&Q. Before that he served on the Russian desk of the Swedish Ministry of Foreign Affairs, having learnt Russian with the Swedish Armed Forces. Mattias has a Master of Science in Business Administration and Economics from the Stockholm School of Economics. He is Swedish. Mattias is an executive director of Prosperity Capital Management (UK) Ltd. Alexander Branis, Chief Investment Advisor Alexander Branis joined PCM in early 1997, a few months after the company was founded. He is now Chief Investment Advisor. Mr. Branis has sat on the board of the state power holding company, RAO UES ( ) and prior to that was Vice Chairman of the UES shareholder rights Protection Council. He was also a member of the Russian State Council's working group for restructuring of UES, to advise on the restructuring of the country's electricity market. In 2010 he was appointed to act as a Chairman of the Corporate Governance Sub-committee, established by the government to support the President Medvedev s initiative to establish Moscow as a leading global financial centre. Prosperity also co-founded Russia s Investor Protection Association and Mr. Branis currently chairs this. Nowadays the Association became a permanent alliance, for investors and is controlled, financed and actively managed by them - the only one of its kind in Russia. Members of the Association are the largest foreign and domestic institutional investors jointly control over US$ 20bn invested in Russian capital market. Mr. Branis is also a board member of electricity grids MRSK Center, MRSK South and MRSK Center Volga. He is a CFA Charter Holder and has a Bachelor of Management degree from the Moscow Academy of National Economy. He is Russian. Tomas Olsson, Director, Marketing & Client Services Mr Olsson is responsible for global investor relationships. He joined Prosperity in 2003 from ABB Equity Ventures, where he was Vice President and worked with direct investments in emerging markets, including Russia. 1

2 Prior to this, Mr. Olsson was responsible for direct investments and project finance at the Asian Development Bank, and he also has extensive experience in Nordic and Japanese capital markets, gained with SEB and Nippon Credit Bank. Mr. Olsson holds a Master's degree in Financial Economics from Stockholm School of Economics and has studied at McGill University, MBA School. He is from Sweden. Ivan Mazalov, Director, Oil and gas Ivan Mazalov, CFA joined Prosperity in 2003 from Commerzbank Securities in London, where he was a member of the pan-european team researching EMEA oil and gas. Prior to that, Mr Mazalov worked as a senior research analyst at Troika Dialog in Moscow covering Russian oil and gas in a team that won first place for Russia research in the Thomson Extel 2001 survey. He has also worked in the Russian brokerages CentreInvest and Brunswick, and for a consulting arm of KPMG. Ivan has a degree from St. Petersburg State University and also studied at the London School of Economics. He is Russian. Alexey Krivoshapko, Director, Agriculture, consumer, retail, real estate and media Alexey Krivoshapko joined Prosperity in 2008 from Deutsche Bank, where he was part of the consumer team ranked first in the Institutional Investor 2007 Emerging Market Rankings. The Russian Association of Retailers also voted him best retail equity analyst in the same year. At Deutsche Bank, Alexey was instrumental in raising capital for numerous Russian companies, leading 12 ECM deals worth a total of almost $7bn. He has also worked at UFG and earlier in his career was with PWC in Moscow and Bank Handlowy in Warsaw. Alexey holds a PhD in Economics from the Moscow Aviation Academy. He is Russian. Denis Spirin, Director, Corporate governance Denis Spirin joined Prosperity in 2007 from NTP Group, a Moscow-based consulting holding company, where he managed shareholders' rights defence and M&A projects for the firm between 2004 and From 2002 to 2004 he worked at the Scientific Centre of Legal Information at the Ministry of Justice as a legal advisor. Mr. Spirin has Cum Laude Diplomas from the Moscow State University of Railway Engineering (Management) and from the Moscow State Law Academy (Jurisprudence). He is Russian. Invited Speakers Acron Alexander Popov, Chairman of the Board of Directors In 2008, Alexander Popov was elected chairman of the Board of Directors and was named senior vice president in Mr Popov joined the Company in He worked as head of the internal audit division under the Board of Directors, head of the audit and legal department, vice president for corporate construction and financial control. In 2007 Mr Popov became senior vice president and in 2008 he was elected chairman of the Board of Directors. 2

3 Since 2004, he has been a head of the non-profit National Institute for Corporate Reform Foundation. Mr Popov was born in He graduated in 1993 with a degree in economics specialising in finance and credit from the Finance Academy under the Government of the Russian Federation. Mr Popov holds the title of Honoured Chemist of the Russian Federation. Alstom Philippe Pegorier, President, Alstom Russia, Ukraine and Belarus & Chairman of the Association of European Business in Russia Philippe Pegorier is President and General Director of the Russian filial of Alstom, a global leader in power generation, power transmission and rail transport. After he graduated from Bordeaux business school he started his professional career in Moscow 25 years ago and then served the French Minister of Economy and Finance alternatively in Paris, Tehran, Kiev and Moscow. Philippe Pegorier also worked several years as a Diplomatic Advisor to Christine Lagarde, who was then the French Minister for Foreign Trade. He is awarded with the Legion of Honour. On May , Philippe Pegorier, was unanimously elected chairman of the Association of European Business (AEB) in Russia, the largest foreign business association in the country. Prior to this, Philip spent three years as the chairman of the Machine Building and Engineering Committee with the Association and in parallel - during the last two years - was also a member of the AEB Board. Association currently numbers more than 650 member companies. Russia is the third after the U.S. and China trade and economic partner of the European Union. EU, being the largest foreign investor in Russia, ensures almost 50% of the country's trade turnover. Found in the 1990s, the Association of European Businesses represents and promotes the interests of European companies conducting business in and with the Russian Federation. The AEB carries out activities to improve the Russian business and trade environment and to promote economic integration and partnership between the Russian Federation and the European Union. Agency for Strategic Initiatives Andrey Nikitin, CEO Mr Nikitin was born in Moscow in 1979, but almost from birth till the age of 16 he lived in Miass, Chelyabinsk region. In 2001 he graduated the The State University of Management (Moscow). In 2006 he gained a degree of Candidate of economic sciences, and in 2008, EMBA of Stockholm School of Economics. Within the last ten years, Mr Nukitin has been teaching in The State University of Management. In 2002 Mr Nukitin was appointed CEO by the Board of Directors of manufacturing enterprise Steklonit. As the company established its second plant, Tverstekloplastic, Mr Nukitin was promoted to CEO of Ruskompozit managing company. During this period the company became a leader in the production of composite materials, fiberglass and geosynthetic. Mr Nukitin conceived the Agency for Strategic Initiatives as a natural breakthrough step of development of dialogue between the state and medium-sized business. 3

4 Bashneft Alexander Korsik, President, Chairman of the Management Board Mr Korsik was born in 1956 and graduated from the Bauman Moscow Higher Technical School. Between Mr Korsik worked in civil service. It is after this period that he embarked on his carrer within the oil and finance sector. First as Deputy General Director and member of the Board of Directors of Oil Company KomiTEK between In 1997 he was appointed Head of Department for Strategic Development in Sibneft, and later in 1999 became Senior Vice President and Chief Operating Officer. He held that role till 2006 when he became Deputy Chairman of the Management Board of Renaissance Capital. Between 2006 and 2007 Mr Korsik was President of ITERA Group. He then moved on to become Chairman of the Board of Directors in RussNeft. In 2009 Mr korsik start working as Senior Vice-president and Head of the Fuel and Energy Business Unit in Sistema. In April 2011Mr Korsik became President and Chairman of the Management Board and member of the Board of Directors of Bashneft. Mr Korsik is also a member of the RABC Supreme Council. Cherkizovo Sergey Chumak, Head of Strategic and Organizational Development Sergey Chumak has been Head of Strategic and Organizational Development since He has 15 years of international experience in strategic consulting. He managed projects associated with restructuring changes, strategy development, IPO and M&A support, and setting up a management system for Russian and international corporations in various industries (FMCG, retail, media, engineering, services, and pharmaceuticals). He graduated from Harvard Business School (Executive Programs) and has an MBA from The Sellinger School of Business and Management at Loyola University, Maryland. Enel Russia Carlo Palasciano Villamagna, CEO, Enel Russia Was born on the 5th of August, 1959 in Rome. Before heading Enel business in Russia, Carlo Palasciano Villamagna had been Head of Enel Tax Affairs for over ten years. He served as CEO of Enel and as a member of Board of Directors at various Enel Group companies, he was also a member of Enel Russia s Internal Audit Commission since 2008 and has been head of it for the last three years. Before Mr.Palasciano Villamagna joined Enel in 1999 he held several managerial positions at Aeroporti di Roma SpA, Associazione Bancaria and Finmeccanica SpA. A lawyer by training (he graduated from La Sapienza University in 1983 with a degree in Law), he pursued his education in the sphere of finance and in 1990 successfully passed a postgraduate course of specialization in International Taxation. Enel Russia Board of Directors voted in favour of Carlo Palasciano Villamagna as the company s new General Director on 10 December 2014, with two conditions precedent pending upon his appointment his stepping down from Enel Russia Internal Audit Commission and the obtaining of his work permit. Carlo Palasciano Villamagna s membership in the company s Internal Audit Commission was terminated following Enel Russia General Shareholder s Meeting on 11 February Mr. Palasciano Villamagna received his work permit on 3 March 2015 and today he is officially registered in the Unified State Register of Legal Entities as General Director of Enel Russia. 4

5 On 13 March 2015 Carlo Palasciano Villamagna officially took office as new General Director of Enel Russia. In this role he succeeded to Enrico Viale who earlier had been appointed Head of Global Generation of the Enel Group. Finance Ministry Alexei Moiseev, Deputy Finance Minister Mr Moiseev has been Russian Deputy Finance Minister since He was Deputy Head of Analytics Department and Head of Macroeconomic Analysis Division at CJSC VTB Capital from 2010 to He was Senior Economist, Deputy Head of Analytics Department, Renaissance Capital Financial Adviser LLC from 2001 to He was Economist Senior Analytic in Sovereign Instruments Market, Fixed Income Instruments Market Department of Bank Paribas, London, UK from 1998 to He was 1st Rank Economist, and Leading Economist of Russian Central Bank from 1995 to He served as a Member of Supervisory Council at JSC VTB Bank from June 28, 2013 to June 26, Mr Moiseev served as a Member of Supervisory Board at Sberbank since June He received Letter of Gratitude of Russian Central Bank Chairman Award; Certificate of Honor of the Government of the Russian Federation; and Letter of Gratitude of Igor Shuvalov, First Deputy Prime Minister of the Russian Federation Award. He graduated from University of Rochester in 1998 and Ordzhonikidze State University of Management in 1995 M.Video Alexander Tynkovan, Executive Board Member, CEO and President Alexander Tynkovan was born on 14 June In 1992 he graduated from Moscow Energy Institute. He founded M.video in 1993 and runs the Company till present time. From 2008 till May 2015 Mr. Tynkovan was the member of the Supervisory Board of X5 Retail Group N.V. Magnit Khachatur Pombukhchan, Chairman and CFO Mr. Pombukhchan has been the Chairman of Magnit since June and has been its Chief Financial Officer since July Mr. Pombukhchan has served as Marketing Director from March to May He served as First Deputy Chief Financial Officer of Tander from May , to June and Deputy Chief Financial Officer of Magnit from May to June He served as the Chief Executive Officer of LLC Magnit Finance from June to May He has been a Director of Magnit since June He served as a Director of LLC Tandem from December to February He graduated from Kuban State University with a degree in applied mathematics in 1996; and from Russian Distance-Learning finance & economics institute with a degree in Economics in MD Medical Vitaly Ustimenko, Deputy CEO for Economics and Finance Mr Vitaly Ustimenko joined the Group as Chief Financial Officer in Mr Ustimenko has 14 years experience in finance. Previously, he was the Head of Strategic and Business Planning of JSC Russian Helicopters and before that, held the position of Senior Manager at Deloitte Tohmatsu Limited. Mr Ustimenko holds a bachelor s degree from the 5

6 Finance University under the Government of the Russian Federation and a PhD in finance from the State University of Management. MMK Sergey Sulimov, Deputy CEO for finance and economy Born 1978, in Kharkov. In 2002 Sergey received an honorary degree in finance and credit from the Financial University under the government of the Russian Federation. In 2005, he completed an MBA in INSEAD, an international business school. In 2001, Sergey joined McKinsey & Company. In 2007, he became a member of the supervisory board of Delta Bank in Ukraine. Sergey spent in the MMK Group as counselor, deputy CEO for company relations at the MMK Group, acting CEO of MMK Metalurji (Turkey). In 2012, he joined Bank Svyaznoy as deputy chairman and then became chairman of the board of directors. In November 2013, Sergey was appointed deputy CEO for finance and economy in MMK. Moscow Exchange Alexander Afanasiev, Chairman of the Executive Board, CEO, Alexander Afanasiev has been Chairman of the Executive Board and CEO of Moscow Exchange since June Prior to joining Moscow Exchange, he spent thirteen years at Bank WestLB Vostok, a subsidiary of the German banking group WestLB AG, most recently as a Deputy Chairman of the Executive Board. Prior to his work at WestLB, Mr Afanasiev was an Executive Board member of Bank Imperial. From 2005 to 2011 Mr Afanasiev was Chairman of the MICEX FX Market Council. From 2009 to 2013 he cochaired the National Foreign Exchange Association and from 2011 to 2014 the National Securities Market Association. Mr Afanasiev has been working in the Russian financial sector since He worked at the Bank of Russia earlier in his career, and was among the founders of the Russian Project Finance Bank, the first investment bank with foreign capital in Russia. He subsequently served as Executive Director of this bank. Alexander Afanasiev graduated from the Moscow Financial Institute with a degree in international economic relations and holds a PhD in economics. MTS Andrei Dubovskov, President, CEO, Chairman of the Management Board Andrei Dubovskov was born in Between 1993 and 2002, Mr. Dubovskov occupied a number of management positions in companies such as Millicom International Cellular S.A., Millicom International Cellular B.V., Regionalnaya Sotovaya Svyaz LLC and CJSC 800, as well as other companies in Moscow, Alma-Ata, Nizhny Novgorod, Ekaterinburg, Perm and Kiev. From 2002 to 2004, Mr. Dubovskov headed Tele2 s operations in Nizhny Novgorod and later became head of MTS branch in Nizhny Novgorod until From 2006 to 2007, he was the Head of Macro-region Ural. In November 2007 Mr Dubovskov joined MTS in Ukraine as First Deputy of General Director and later became Head of Business Unit MTS Ukraine in January Andrei Dubovskov was appointed President and Chief Executive Officer (CEO) of MTS Group in March

7 Norilsk Nickel Vladimir Zhukov, Director of Investor Relations Department Vladimir Zhukov, Director of Investor Relations Department of MMC Norilsk Nickel since Prior to joining Norilsk Nickel, Vladimir worked for 8 years as a Metals and Mining Equity Research analyst with HSBC, Nomura, Lehman Brothers and Alfa Bank, all-based in Moscow. At HSBC Vladimir was also the Head of the Russian Equity Research. From 2001 to 2005, Vladimir was Deputy Head of Norilsk Nickel Investor Relations; in 2005, the project manager on the spin-off of Polyus Gold. Prior to Norilsk Nickel, Vladimir worked for two years in the investment banking division of Credit Suisse in New York, US. Vladimir holds a PhD from the University of Nottingham Business School, UK. He graduated from the Russian Economic Academy named after Plekhanov, Moscow. Svetlana Ivchenko, Director of Social Policy Department Svetlana Ivchenko, Director of Social Policy Department of MMC Norilsk Nickel since Prior to joining Norilsk Nickel, Svetlana worked for 9 years at UC RUSAL, where she was the Head of Social Projects Group and a manager of charity activities. Prior to joining UC RUSAL, from 2002 to 2004, Svetlana held various positions in the Social Policy function of the non-profit organisation, Institute of the City Economy. Svetlana started her career in 1999 at Siberian Centre for Supporting Public Initiatives, a non-profit organisation. Sanofi Pasteur Russia Thibault Crosnier-Leconte, General Manager Thibault Crosnier-Leconte was appointed General Manager of Sanofi Pasteur Russia in Prior to this he was Commercial and Supply Chain Director at Sanofi Russia from Previously he has worked within different top-managent positions in Sanofi Europe, UK and Irelend. Graduated with Masters degree from Ecole Nationale supérieure d'arts et Metiers at Sberbank Lev Khasis, First Deputy, Chairman of the Executive Board Lev A. Khasis was born in 1966, Kuybyshev (now Samara). In 1989, he graduated from the Academician S.P. Korolev Kuybyshev Aviation Institute (Aircraft Engineering). In 1995, he attended the Institute of Retraining and Advanced Training in Finance and Banking of the Financial Academy under the Government of the Russian Federation (Banking). In 2001, he graduated from the St. Petersburg University of the Ministry of Internal Affairs of the Russian Federation (Law). In 2007, he graduated from the Institute for Systems Analysis of the Russian Academy of Sciences. PhD in Economics. In , he held the post of Managing Director of the Samara branch of AvtoVazBank and Vice-President of AvtoVazBank. In , he was the court-appointed receiver and President of the Aviakor Corporation OJSC. In , he was Vice-President of Alfa-Bank. In , he was a member of the Board of Directors of Perekrestok Trading House CJSC. In , he was Chairman of the Board of Directors of Perekrestok Trading House CJSC. In

8 2011, he was Chief Executive Officer of X5 Retail Group N.V. In , he was Senior Vice-President of Wal-Mart Stores Inc. September present member of the Executive Board, First Deputy Chairman of the Executive Board of Sberbank. Supervises and coordinates the work of the Information Technologies Unit, the Operations Unit, the Administrative Unit, the Digital Business Development Directorate, the Promising Lines of Business Center, and a number of other areas of the bank. Tinkoff Bank Oleg Tinkov, Chairman of the Board of Directors Oleg Tinkov has been Chairman of the Board of Directors of TCS Group Holding PLC since October 2013 and Chairman of the Board of Directors of Tinkoff Bank since June Before founding Tinkoff Bank in 2006, Mr Tinkov owned and operated a number of successful consumer businesses, including Tinkoff Beer, Tinkoff Restaurants and Daria. As the founding shareholder, Chairman of the Board of Directors and one of the best known Russian entrepreneurs, Mr Tinkov plays an important role in driving Tinkoff Bank s dynamic strategic vision and fostering a culture of initiative and innovation. Mr Tinkov studied at the Leningrad Mining Institute, Russia and the University of California, Berkeley, USA. 8

9 The information contained in this newsletter is not approved for the public and is only intended for recipients who would be generally classified as 'qualified', 'professional', sophisticated, accredited' or 'institutional' investors. No person in any jurisdiction may treat this newsletter as constituting an offer to purchase any Shares, nor should any person attempt to purchase shares or interests in any Fund. The contents of this newsletter are not to be construed as investment, legal or tax advice. Each investor should consult its own counsel, accountant or investment business adviser as to legal, tax and related matters concerning its investment or potential investment. This newsletter has been prepared by Prosperity Capital Management Limited ("PCM "). The information, format, contents of and material contained in this newsletter are the copyright property of PCM and all rights are reserved in relation thereto. 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Consequently, actual results could differ materially from those expressed, implied or forecasted in these forward-looking statements The prices of shares or interests in the Fund(s) and any income from them can go down as well as up and investors may not get back the full amount invested or any amount at all. Past performance is not indicative of future performance and is not a guarantee of future returns. When an investment involves a foreign exchange transaction, it may be subject to fluctuations in currency value Fund Manager Prosperity Capital Management Limited P.O. 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