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Annual Report 2017
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Coordination Council and Founding Partners
The Coordination Council consists of founding partners as well as other major Russian and foreign companies and individuals. All of them are leaders in their own sector, including in oil and gas, metals, power generation, investment, banking and insurance.
Alexander Voloshin joined the Coordination Council in 2011. Vnesheconombank joined in 2013.
Alexander Abramov was born in 1959. He graduated from the Moscow Institute of Physics and Technology with a first-class honors degree in 1982, and he received a Ph.D. in Physics and Mathematics. He worked at the Institute of High Temperatures of the USSR Academy of Sciences.
In 1992, Mr. Abramov founded EvrazMetal, the predecessor of Evraz Group S.A. Until 1 January 2006, he was CEO of the Evraz Group, and until 1 May 2006 he was Chairman of its Board. Since May 2006 Mr. Abramov has been a member of the Board with no executive responsibilities. He is also a member of the boards of directors of the NTMK and ZapSib plants. Since December 2008 Alexander Abramov is Chairman of the Board of Directors of Evraz Group.
He is a Bureau member of the Council of Entrepreneurs and a member of the Council of Entrepreneurs set up by the Government of the Russian Federation.
Evraz Group is one of the world's largest vertically-integrated steel and mining businesses, with operations mainly in Russia. In 2005, Evraz Group produced 13.9 million tonnes of crude steel. Evraz Group's principal assets include three of the leading steel plants in Russia: Nizhny Tagil (NTMK) in the Urals region and West Siberian (ZapSib) and Novokuznetsk (NKMK) in Siberia, as well as Palini e Bertoli in Italy and Vitkovice Steel in the Czech Republic. Its fast-growing mining businesses comprise Evrazruda, the Kachkanarsky (KGOK) and Vysokogorsky (VGOK) iron ore mining complexes and Neryungriugol coal company, as well as equity interests in the Raspadskaya and Yuzhkuzbassugol coal mines. Evraz Group also owns and operates the Nakhodka commercial sea port, in the Far East of Russia, which facilitates its access to Asian export markets.
Roman Abramovich was born on 24th of October, 1966 in Saratov, a large town on the Volga river. He spent his childhood in Komi region and, later, in Moscow. After serving in the Soviet Army, Mr. Abramovich set up his business and in a few years graduated from the Moscow State Law Academy.
From 1996 to 1997, Mr. Abramovich served as the CEO of the Moscow branch of Sibneft. He was elected to Sibneft’s Board of Directors in September 1996.
In December 1996, the voters of Chukotka elected Mr. Abramovich as a deputy to the State Duma. In February 2000, he joined the State Duma Far North and Far East Regions Committee and later in the same year he established the Polyus Nadezhdy (Hope Pole) charitable foundation to manage the corresponding projects in Chukotka. Mr. Abramovich heads the Territoriya (Territory) Foundation Trustees Council which implements major social programs in Chukotka.
After winning the elections of December 2000, Mr. Abramovich became the Governor of Chukotka in January 2001. He was re-elected in November 2005.
On July 3, 2008 President Dmitriy Medvedev granted Roman Abramovich's request to resign from his post as governor of Chukotka.
Founding Partner and Vice-Chairman of the International Advisory Board of Moscow School of Management SKOLKOVO, Chairman of the SKOLKOVO Institute for Emerging Market Studies, Chairman of the Expert Council of the school’s Wealth Transformation Center. President of Moscow School of Management SKOLKOVO in 2006-2011.
Ruben Vardanyan is an Armenian-Russian impact investor and social entrepreneur. He serves on the advisory boards of the IFC (World Bank Group) and Fundação Dom Cabral business school in Brazil. He is also a board member at Ameriabank (a major Armenian bank), SOLLERS (Russia’s auto major) amongst a host of other companies, NGOs, public and professional organizations. A prominent financier, Ruben is known both for his commercial projects (investment companies Troika Dialog and Vardanyan, Broitman and Partners) as well as his deep reaching philanthropic programs, such as the first UWC college in Eastern Europe (Dilijan, Armenia) and the Tatev Revival Project, part of which includes the construction of the world’s longest cableway leading to an ancient monastery. Together with their partners, Ruben and his family have invested about $500M in projects in Armenia, developing a commercial approach that relies on involving blended financing to find solutions to social problems. They have also raised over $500M to finance the first private business school in Russia – a pioneering institution both in terms of scale and in its collaborative nature. In 2015, Ruben co-founded another global project, the Aurora Humanitarian Initiative, on behalf of the survivors of the Armenian Genocide and in gratitude to their saviors. He spends a significant amount of his time on projects related to the development and professionalization of charity infrastructure in Russia (Philanthropy Infrastructure – PHILIN) and the question of succession and wealth curation (Phoenix Advisors). With support from Ruben, Troika Dialog, SKOLKOVO business school and several charitable foundations, classics of world business literature were published in Russia. Since 2016 he has chaired the judging panel of the PwC “Business Book of the Year in Russia” Award.
Vice-President of the Moscow School of Management SKOLKOVO. Valentin Zavadnikov graduated from Far Eastern Higher Marine Engineering College n. a. Admiral Nevelsky majoring in management of water transport.
In 1989 Valentin Zavadnikov began his business career as head of external relations at Dialogue-Nakhodka. In 1991-1992 Valentin was Vice-President of the Nakhodka city council, later - Chief Financial Officer of the Free Economic Zone "Nakhodka". In 1994 in Moscow Zavadnikov became Chairman of the Board of Directors of Financier, then the representative of the Auerbach Grayson & Co company. In 1996 he was appointed Deputy Chairman of the Federal Commission on Securities Market. In 1998-2001 Valentin was member of the Board EES of Russia.
From 2001 to 2012 worked at the Council of Federation, where Mr. Zavadnikov has fought for the establishment of a competitive market economy in Russia.
He takes part in social and educational activities and, in his spare time, participates in yachting competitions world-wide.
Born on June 21, 1961 in Leningrad. Holds a degree in radio engineering from the Novosibirsk Electro-Technical Institute (graduated in 1987) and a PhD in economics (1996). From 1992-1998, Melamed created and headed a number of commercial enterprises and held the position of Deputy Chairman of the Board of Directors of Novosibirskenergo.
He also served as General Director of Rosenergoatom (October 1998-January 2000) and as First Deputy Chairman of the board of RAO Unified Energy System of Russia (January 2000-June 2004). From June 2004 through September 2007, Melamed was the President of Alemad Investment Financial Corporation.
He is Member of Supervisory Council of the Russian Corporation of Nanotechnologies (RUSNANO), director general of the corporation in the period between September 7, 2007 and September 22, 2008. RUSNANO was founded in 2007 by the Federal Law for realizing the state policy in the sphere of nanotechnologies.
Leonid Mikhelson is CEO of the OJSC NOVATEK. The company is Russia's second biggest natural gas producer.
Mr. Mikhelson graduated from the Kuybyshev Engineering & Construction Institute in 1977 and started his career at the construction group (trust) Minneftegazstroy, in the construction of Urengoy-Chelyabinsk pipeline. He spent many years working on top-priority projects. He rose rapidly through the ranks to become the Managing Director.
In 1987, Mr. Mikhelson was appointed head of one of the biggest companies building oil & gas pipelines in the U.S.S.R. - the Kuybyshevtruboprovodstroy construction group (trust). The company maintained its position during the difficult 1990s and kept building bridges, roads, pipelines and developing oil and gas fields. In a turbulent time for the construction business, Mr. Mikhelson decided to pursue a new activity - oil & gas exploration and production - leading in 1994 to the establishment of NOVATEK, which began developing oil & gas fields that had long been considered unpromising. His commitment to the sector was duly acknowledged and Mr. Mikhelson was awarded the Znak Pochyota Order (the Order of Honour).
Mr. Mikhelson has a penchant for investing in and implementing projects that benefit society as a whole. He has initiated and supports social programs in education, culture and sport.
He is the head of N-Trans (former “Severstaltrans”), a leading transport service operator in the CIS and Baltic states.
In August 2009, Sergy Popov joined the Board of Directors of MDM Bank.
In 2000, he was one of the original designers and developers of MDM Industrial Group’s corporate strategy and joined the group’s Board of Directors. In addition, he was previously a member of the Board of Directors of RAO UES of Russia, TMK, EuroChem, and Siberian Coal Energy Company SUEK. In 1996, he helped cofound the MDM trading and industrial company.
From 1994-1996 he was a partner and the commercial director of Prodkontrakt, LLC.
In 1993 he became a partner in the Ural-Siberian Commercial and Industrial Company.
Andrey Rappoport was born in June 1963 in the town of Novaya Kakhovka in Kherson region, Ukraine. He graduated from Donetsk State University in 1989. From 1991 to 1996, Andrey Rappoport was Chairman of Alfa Bank. From 1997 to 1998, he was First Vice-president of United Company Yukos-Rosprom. From 1997 to 2008, Mr Rappoport was Deputy Chairman and on the Board of Directors of RAO Unified Energy Systems being responsible for the most conflictogenic regions - North Caucasus and Far East. From 2002 to 2009, he was CEO of the Federal Grid Company. From 2012 to 2013 he was senior advisor to Chief Executive Officer at RUSNANO.
Head of the Working group on establishing the International financial center in Russia under the Presidential Council for Financial Market Development.
From September, 1998 – deputy Chief of Staff of the Presidential Executive Office on economic issues. From March, 19, 1999 Voloshin was appointed Chief of Staff of the Presidential Executive Office and was reappointed on December, 1999 and in May, 2000. On December, 30, 2003 he was released from the office. From June, 1999 to 2008 he was Chairman of the Board of Directors of OJSC RAO UES of Russia. In 2008 – Chairman of the Board of directors of OJSC MRSK Holding and RAO Eastern Energy Systems. From December, 2008 till 2010 – Chairman of the Board of directors MMC Norilsk Nickel. Since August, 2010 – member of the Board of Directors at Yandex. Independent non-executive director, MMC Norilsk Nickel. Since September, 2010 – Chairman of the Board of directors, OJSC Uralkali. Member of International Advisory Board for the International financial center in Russia.
Chief Executive Officer of the Corporation RUSNANO.From June, 1992 - first deputy Prime Minister of Russian Federation for Economic and Financial Policy. November 1994 – January 1996 – first deputy Prime Minister of Russian Federation for economic and financial policy. In July 1996 – appointed as Chief of Staff of the Presidential Executive Office. In 1997 appointed as first deputy Prime Minister of the Russian Federation and Minister of Finance simultaneously. From April 1998 to June, 2008 appointed as a Chairman of Board of Directors of RAO Unified Energy System of Russia. On September, 2008 appointed as Chief Executive Officer of Russian Corporation of Nanotechnologies. He is a member of the executive board of the Russian Union of Industrialists and Entrepreneurs. From 2008 Chubais is a member of international advisory board of J.P. Morgan Chase. He is also Honorable Ph.D. of St.Petersburg State Engineering and Economic University.
Severstal is one of the world’s largest steel and mining companies headquartered in Moscow. As of 2008, Severstal is the leading Russia-based steel company with the production of 19.2 million tons of crude steel and revenues of $22.4 billion. With major steelmaking assets in Russia, USA, Italy and France, Severstal has a high level of product and geographical diversification between mature developed and growing emerging markets.Alexey Mordashov, CEO JSC “Severstal”.
Severstal is a vertically integrated company, which is fully self-sufficient in raw materials for steel production in Russia. Severstal is developing a production base in mining commodities like iron ore, metallurgical coal and gold in the United States, Kazakhstan and Africa. In Russia, Severstal is the prime high-quality supplier of flats, longs and steel pipes for the construction, automotive, machinery, and oil & gas industries.
It is also one of the CIS market leaders in metalware production with 3 plants in Russia and one plant in Ukraine. Severstal is one of the majors in the US, Italy and France with premium customers in the automotive, energy, construction, household appliances, and packaging industries.
In order to ensure the vertical integration of the metallurgical business in North America and the development of Severstal’s mining technologies, Severstal acquired producer of metallurgical and thermal coal PBS in the US in 2008. In addition, Severstal is also the second largest producer of gold in the CIS with mining facilities in Russia, Kazakhstan and West Africa.
Russian Standard Corporation
Russian Standard Corporation is Russia’s most successful global consumer company with business interests in vodka, wine, spirits distribution, banking and insurance. Privately-owned and employing more than 30,000 people, Russian Standard is headquartered in Russia with operations in Europe, the United States and Asia.
Russian Standard’s spirits beverage business is the second-largest vodka producer by volume in the world, with over 34 million 9-litre cases of products sold annually in over 80 markets. Russian Standard spirits brands include the company’s flagship Russian Standard Vodka, Green Mark, Parliament and Zhuravli, as well as the legendary Polish vodka Żubrówka. The company is Central and Eastern Europe's largest integrated spirits beverage company, with distilleries, production facilities and distribution centers spanning Poland, Hungary, Russia and Italy. Russian Standard owns a majority interest in Gancia, the legendary Italian company that created the first Italian sparkling wine.
Russian Standard’s financial services business is led by Russian Standard Bank, one of the largest consumer finance institutions in Russia and the pioneer of the Russian consumer lending market. Founded in 1999, Russian Standard Bank is the exclusive issuer and service provider for American Express and Diners Club International cards in Russia. Russian Standard Insurance is one of the country’s largest credit life insurers.
The Russian Standard Foundation helps underprivileged children reach their full potential through grants and education.
Roustam Tariko, Russian Standard’s founder and chairman, has said his approach to brand-building is based on flawless marketing, a focus on consumer needs and partnerships with the world's leading consulting, marketing and financial institutions.
Roustam Tariko believes Russian Standard’s participation in the foundation of the SKOLKOVO business school is of great importance, as it will give young men and women who aspire to careers in business access to international business know-how and opportunities to put their knowledge into practice.
First Czech-Russian Bank
The First Czech-Russian Bank (FCRB) was founded in 1996 to service foreign trade turnover and investment projects in Russia and the Czech Republic. It aims to offer banking services to companies involved in Russian-Czech foreign economic relations and those in which Czech firms have invested.
Today, FCRB is a universal financial institution that services successfully large, medium and small businesses in the real sector of the economy.
FCRB was awarded the National Banking Prize as the "Bank with foreign capital that has made the greatest contribution to Russia's economic development."
FCRB is a co-founder of the JSC Bureau of Credit Histories.
The Chairman of the board of the First Czech-Russian Bank is Roman Popov.
In 1992, Roman Popov graduated from the Moscow Institute of Electronics and Mathematics.
In 1994, Mr. Popov received a diploma in "Finances and Credit" from the Plekhanov Russian Academy of Economics.
In 1992-2002, he was the Head of the Financial Resources Directorate of Stroitransgaz, a leading Russian engineering construction company in the oil and gas sector.
Founded in 1991, Troika Dialog is a major investment bank and a leader in all its core lines of business: securities sales and trading, investment banking services, asset management and private equity.
Troika Dialog's trade turnover accounts for 45% of equity on Moscow's RTS stock exchange. We consistently lead the market in terms of ruble bond transaction volumes, with a market share of 25%. The company more than doubled its trade turnover in 2006 to over $160 billion. Troika Dialog Group's total assets under management topped $3.9 billion.
Headquartered in Moscow, the company maintains a network of local offices in 13 major Russian cities, and it also has four licensed international offices, in New York, London, Kiev and Cyprus. Our clients include leading Russian and international companies, financial institutions, government agencies and high net worth individuals.
Troika Dialog has time and again won the highest awards from international financial publications and rating agencies. For several years in a row (2001-2005), the company took the first place in NAUFOR's Securities Market Elite awards in various categories (Best Investment Bank, Best Asset Management Company, Best Equities House). It has also been named Best Investment Company and Best Specialised Independent Private Bank in Russia by such authoritative international organisations as Global Finance, Institutional Investor and Euromoney. Troika Dialog Group companies have received a number of awards in several categories of the Financial Olympus National Prize. In 2007, Standard & Poor's Rating Services raised its long-term counterparty credit rating on Troika Dialog to 'BB-', and its Russia national scale rating - to 'ruAA-'. At the same time, it affirmed Troika Dialog’s 'B' short-term rating.
GUM Trading House
The GUM Trading House is the leading and historically unique shopping center with a floor space of 80.000 square metres located on Red Square. The Bosco di Ciliegi group of companies has been GUM Trading House’s largest shareholder since 2004.
Mikhail Kusnirovich is a Head of Bosco di Ciliegi group of companies, its founder and continuous leader. He also holds the position of the Сhairman of the strategic development committee at GUM Trading House.
The Bosco di Ciliegi group is a Moscow-based Russian retailer, trading in deluxe goods and services, and the owner of restaurants and fashionable clothing outlets, perfume and cosmetics stores and real estate all over Russia. The Bosco di Ciliegi group owns and manages more than 80 outlets in Moscow, St. Petersburg, Samara and Novosibiirsk, with a total floor space of more than 120,000 square metres and with over 4,000 employees.
This group comprises mono-brand franchising stores of such renowned trademarks as MaxMara, Moschino, Etro, Alberta Ferretti, La Perla, Jean-Paul Gaultier, Antonio Marras, Kenzo, Pomellato, Iceberg, Scervino, Corneliani and many others.
Besides franchising stores, Bosco operates its own multi-brand design shops that sell men's, women's and children's clothing and footwear under the Bosco Family and BoscoSport trademarks.
The Bosco di Ciliegi group owns Articoli-GUM (1,300 sq.m.) and Articoli-Vesna (3,000 sq.m.), which are the two largest cosmetics, perfumery and accessory stores in Moscow, selling renowned luxury brands. In addition, Articoli-Vesna (a unit of Articoli-Sublime) sells watches and jewels.
In 2006, the Bosco di Ciliegi group became the owner of the Vesna Trade Center (14,000 sq.m.) on Novy Arbat.
Bosco di Ciliegi sponsors and holds the annual Open Arts Festival "Chereshnevy Les" ("Black Cherry Wood") in which world-known celebrities participate.
In 2006, Bosco di Ciliegi became General Partner of the Olympic Committee of Russia and General Sponsor of the Russian Olympic team for the third time running.
Mikhail Kusnirovich and his company are laureates of a number of awards - the Creative Company of the Year Award (2002 and 2003, Creative), the Person of the Year Award for the "Chereshnevy Les" ("Black Cherry Wood") Festival as the Event of Culture (2003, the “Sovershenno Sekretno” [“Top Secret”] Group), the Person of the Year Special Award for the Attitude to Business as to Culture (2003, the Person of the Year National Annual Award), The Arts Patron Award (2004, the Arts Patron Foundation under the Ministry for Culture of the Russian Federation), Moscow’s 850-th Anniversary Medal, the PR Person of the Year Award (2004, the “Serebryany Luchnik” (“Silver Archer”) National Award), the Best Russian Brand Award (2006, the International Academy of Brand), The Altagamma – the Italian Association of Deluxe Goods Manufacturers (2005).
Today, TNK-BP is one of Russia's largest energy companies and a top-10 private-sector oil producer globally. The company employs 90,000 people in Russia and Ukraine. Production assets are located primarily in Western Siberia and the Volga-Urals, region with additional Greenfield opportunities in Eastern Siberia. In 2005, TNK-BP produced 1.58 million barrels of oil per day (equivalent to 77 million tonnes per year). TNK-BP operates five refineries in Russia and Ukraine, and retails through an extensive network of stations working under the TNK and BP brands. It is among the market leaders in product sales in Russia, including Moscow, and is the market leader in Ukraine.
TNK-BP was established in September 2003 as a Joint Venture between the Russian oil companies TNK (Tyumen Oil Co) and SIDANCO, and BP.
The company is 50% owned by BP, and 50% owned by a group of prominent Russian investors: Alfa Group, Access Industries and Renova. The shareholders of TNK-BP also own 50% of Slavneft.
As one of the world's leading banks, Credit Suisse provides its clients with private banking, investment banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 49,000 people. Credit Suisse is comprised of a number of legal entities around the world and is headquartered in Zurich. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York.
SUN Group is the private investment group founded and owned by the Khemka family, active in Russia, India, Europe and the United States. SUN is focused on private equity, real estate, venture capital and asset management in various sectors.
At present the principal areas of its activities are investments in the fuel and energy sector and in the mining industry.
The Khemka family played a key role in establishing the Indian School of Business (ISB), as one of its founders and through on-going participation on the Supervisory Board.
Shiv Vikram Khemka, Vice Chairman, SUN Group, has over 20 years of investment and business experience principally focused on Russia and India. He was elected a "Global Leader for Tomorrow at the World Economic Forum in Davos in 1997. Mr. Khemka serves on the EMEA Board of Wharton Business School and on the Board of Governors of the Lauder Institute. He is also a member of the Board of the International Crisis Group, Chairman of the Russia Country Committee for the Confederation of Indian Industry, a member of the board of Eurasia Group in New York, and a member of Young Presidents Organisation.
Igor Gundobin, Partner, works on various projects that SUN Group has developed in Russia, the CIS countries and India. He is a member of working groups of the Russian Prime Minister's Foreign Investment Advisory Council, as well as a member of the Independent Directors Association and the Investors Rights Protection Association. A graduate of the Moscow State Institute of International Relations (with distinction), he has a PhD in Economics and completed the Executive Development Program and Public Relations at the Wharton Business School.
Внешэкономбанк действует для обеспечения повышения конкурентоспособности экономики России, ее диверсификации, стимулирования инвестиционной деятельности. Банк развития реализует инвестиционную, внешнеэкономическую, страховую, консультационную поддержку проектов в России и за рубежом, направленных на развитие инфраструктуры, инноваций, особых экономических зон, защиту окружающей среды, на поддержку экспорта российских товаров, работ и услуг, а также на поддержку малого и среднего предпринимательства. Председателем банка является Владимир Александрович Дмитриев. Председателем Наблюдательного Совета Внешэкономбанка является Председатель Правительства Российской Федерации Дмитрий Анатольевич Медведев. По состоянию на декабрь 2013 года органами управления Внешэкономбанка с момента создания Банка развития одобрено участие в финансировании 289 проектов. Общая стоимость проектов составляет 3,9 трлн рублей, размер участия Внешэкономбанка – 2,4 трлн рублей. ВЭБ финансирует 168 проектов общей стоимостью 2,4 трлн рублей, объем предоставленного финансирования составляет 1 трлн рублей.