Speakers, LSEG CIS & CEE Conference

Speakers, LSEG CIS & CEE Conference

Muammer Cakir
Head of Derivatives Market, Borsa Istanbul

Muammer Çakir is the Head of Derivatives Market (VIOP) at Borsa Istanbul. Prior to joining Borsa Istanbul, Çakir served as Executive Director of WestLB London. He joined Borsa Istanbul, after serving as the Head of Turkey Desk at the Debt Capital Markets of WestLB London. He is currently responsible for establishing the multi-asset derivatives platform at Borsa Istanbul. His first job was at a convertible arbitrage/stress debt hedge fund in the United States. 

Upon joining Borsa Istanbul, Çakir launched the first listed single stock futures & options market, and later on the first Index & FX Options products at Borsa Istanbul Derivatives Market. He was appointed as the CEO of Turkish Derivatives Exchange (TurkDex) during the acquisition and merger of the two exchanges. 

From 2002-2008, he was the head of derivatives market at the Capital Markets Division at Akbank where he developed the derivatives & precious metals business.

Çakir holds a master’s degree in financial engineering from Princeton University and he is a Fulbright fellow. 

Roman Lokhov
CEO, BCS Financial Group

Mr. Lokhov graduated from Novosibirsk State University and holds degrees of Ph.D. in Economics Carl v. Ossietzky University of Oldenburg and Master of Business Administration (MBA) from Kellogg-WHU Executive MBA program.

Prior to BCS, Roman was Head of Investment Banking for Otkritie FC. Prior to Otkritie, Roman was Managing Director of GL Moscow, where he had with responsibility for developing the firm’s eastern Europe business.

Roman was a Member of the board OJSC RTS 2009 -2011.

Alexander Justham
CEO, London Stock Exchange PLC

Alexander Justham ("JJ") has been CEO of the London Stock Exchange plc since June 2012.
In this role, JJ oversees information services and capital markets products within LSE plc, including the UK primary markets business. He is also responsible for regulatory strategy, government and public affairs, and UK regulation across the entire London Stock Exchange Group.

Before joining the London Stock Exchange Group, JJ served as Director of Markets at the Financial Services Authority (FSA) between 2008 and 2011. 

During his time at the FSA, he represented the UK on the Board of the European Securities and Markets Authority (ESMA), and its predecessor organisation CESR. He co-chaired the G20 IOSCO task force on commodities, and also chaired the OTC Derivatives Regulators’ Forum.  He received an award for Best Personal Contribution at the 2011 Financial News awards.

Prior to joining the FSA, JJ was a Managing Director at JPMorgan. He had worked for JP Morgan since 1989, holding a variety of roles including Co-Head of the Financial Institutions Group at JP Morgan Cazenove and Co-Head of Structured Finance, and Head of Securitisation at JP Morgan. 

JJ holds an MA in Mathematics from Magdalene College, Cambridge.

Robert Barnes
CEO Turquoise

Robert Barnes is Chief Executive of Turquoise, the pan European multilateral trading facility majority owned by London Stock Exchange Group in partnership with the user community. Prior to his joining in August 2013, he worked at UBS from February 1994, gaining experience as yellow jacket on the Liffe derivatives trading floor and most recently as CEO of UBS MTF and Managing Director, Equities. His industry roles include serving as Chairman, 2004-2009, of the Securities Trading Committee of the London Investment Banking Association and participating on key advisory and policy groups within the financial services sector. Robert holds a BA from Harvard, a PhD from Cambridge, and is a Chartered Fellow and Board Member of the Chartered Institute for Securities & Investment.

Toby Bayliss
Head of Portfolio and Algorithmic Trading, Europe, Sanford Bernstein

Toby Bayliss is Head of Bernstein's Algorithmic and Portfolio Trading Desk in Europe. Toby began his financial career as a graduate at Nomura London in 1995, and spent 4 years working alongside the Equity Sales force as a Quantitative Analyst. Joining Citigroup in 1999 to be a founding member of the Global Portfolio Trading Strategies Team, Toby worked on all aspects of portfolio construction, risk, execution
analysis and trading strategies. In 2002 Toby moved internally to the Alternative Executions Sales team, responsible for sales and sales trading of Portfolio Trading, Algorithmic Trading, DMA and Trading Strategies. In 2007 Toby became head of Citigroup's Electronic Execution Sales team in Europe before assuming his current role at Bernstein in 2008. Toby received a Bachelor of Science degree in Engineering Mathematics from Bristol University and a Master of Engineering in Petroleum Engineering from Heriot-Watt University.

Nicolas Bertrand
Head of Equity & Derivatives, London Stock Exchange Group

Nicolas Bertrand is Head of Equities and Derivatives for London Stock Exchange Group. Appointed in 2010, Nicolas is responsible for UK and Italian equity markets and the Group's derivatives markets. Nicolas joined Borsa Italiana in November 1999 and has been responsible for IDEM, the Italian Derivatives Market of Borsa Italiana, since January 2004.

In July 2009, Nicolas was appointed head of the newly created 'Equity Markets and IDEM' division within the London Stock Exchange Group, which combined the equity cash and derivatives markets for Italy and the UK. He is also a board member of FTSE and Turquoise.

Prior to joining the Exchange, Nicolas worked for Citibank and developed his expertise trading on various markets and asset classes. Nicolas graduated in econometrics and holds a postgraduate degree in finance (DESS 203) from Universite Paris IX-Dauphine in Paris.

Benoit Anne
Managing Director, Societe Generale

Benoit joined SG in June 2010 to run the global EM strategy team. Previously, he was the head of EMEA and Latam FX and Debt Strategy at Bank of America-Merrill Lynch. Prior to joining Merrill Lynch in 2005, Benoit spent eight years in Washington DC, working at the Institute of International Finance and the International Monetary Fund as an economist. Benoit holds an MA in international macroeconomics from the University of Sussex, a diploma from Science Po Paris and a Maitrise in economics from the University of Paris-Dauphine.

Banu Basar
Co-Head of EEMEA Equity Sales & Head of Turkey Equities

Banu is a Managing Director at Merrill Lynch, based in our Istanbul Office. She joined Merrill Lynch in 2010 heading all Turkey operations and is widely considered as the best in the business. She is in charge of developing and growing the cash equities, listed futures, listed options and equity-linked products. Initiates business with international and local institutions across all products classes. Actively manages and assists ECM in all IPO-secondary equity distribution. Mandated to achieve profitable growth in all areas of the franchise and BAML continues to ranks #1 in cash equity business according to BIST, Markit and McLagan statistics for the past 3 years. Banu graduated from Babson College in MA 1994 with a BS with honours in Finance/Investments and International Business. She has been broking Turkey since 1997 and was an investment banker in Salomon Smith Barney New York prior to her Emerging Market experience between 1994-1997.

Michel Danechi
Partner, Armajaro Asset Management

Michel Danechi is the Portfolio Manager of the Strategic Emerging Europe Fund. He has traded emerging markets for over 20 years, having navigated the trading environment in the European emerging markets since 1994. Michel began his career in 1986 trading Japanese warrants and convertibles.

Michel joined Armajaro Asset Management LLP (AAM) in August 2009.

He has established a comprehensive network of relationships throughout the region.

Prior to joining Armajaro, Michel was hired by Lehman Brothers International (Europe) in London to build and head up the Emerging Markets equities team. The team managed the bank’s equity derivatives and cash portfolio, mainly in Russia, Greece, South Africa, Israel, Middle East, Czech Republic, Poland, Hungary and Turkey. Under his leadership, Lehman emerged with a strong presence in emerging markets.

Before joining Lehman Brothers International (Europe), Michel was Head of the London Office and Head of EMEA Equity Trading at CA-IB International Markets Ltd (part of Unicredit), responsible for pricing and structuring EMEA equity derivative products. In addition, Michel successfully managed and traded the firm’s proprietary book. Michel managed the European Emerging Markets Equity Derivatives desk at Citibank before joining CA-IB.

Michel has a tangible track record of positive returns.

He has a Masters in Business Administration from the London Business School and a BSc (Hons) in Economics from the London School of Economics and Political Science.

Jon Edwards
Deputy Head of Primary Markets, Emerging markets for London Stock Exchange Group

As deputy head of primary markets Jon Edwards helps to oversee the work of London Stock Exchange’s Primary Markets team in the CIS and Asia Pacific regions. Jon is personally responsible for developing the London Stock Exchange's business in Asia Pacific, the CIS regions and Mongolia, spending a majority of his time working with companies, advisors and regulators in the region interested in London Stock Exchange markets.  Jon and his teams in London, Hong Kong and Beijing work to promote both Main Market and AIM listings and work with companies to increase their profile among London’s investment community.

Mr Edwards studied at Columbia University where he received his BA degree in Russian studies and joint JD/MBA degree in business and law. He joined the London Stock Exchange in August 2003, before which he worked on private equity transactions for Incepta Ventures UK Limited, Delta Capital and BNP-Invest. Mr Edwards has fifteen years of experience working with international companies in the natural resources, consumer products, real estate and TMT sectors. 

Velihan Erdogdu
Portfolio Manager , FFTW

Velihan is a Portfolio Manager at FFTW and is based in London. He manages external and local corporate strategies across the portfolios for the Emerging Markets Fixed Income portfolios. 

Prior to his current role, Velihan conducted external and local corporate debt research for BNP Paribas Investment Partners for the Emerging Markets Fixed Income Team. Velihan, has previously worked as a research analyst in the Dutch Equities Team at BNP Paribas Investment Partners.

Velihan holds double major degree in economics (BS) and political science (BA) with a focus on Comparative Politics from Duke University.

James Ferguson
Partner, Deloitte

James is a partner in Deloitte LLP and has twenty three years of experience in UK and international tax and particularly specialises in tax services to clients in the mining sector.

James leads the Capital Markets Tax practice of Deloitte in the UK and advises on the listings of major UK and international companies.

Over the last four years James has also been a partner in the CIS firm of Deloitte advising a number of major international businesses headquartered in Russia, Ukraine and Kazakhstan.

James has advised a number of CIS based companies on both Premium Listings and GDR offerings on the London Stock Exchange.

Leonid Fink
Partner, Instinctif Partners

Leonid is a Partner responsible for Instinctif Partners business in Russia & the CIS. Leonid has many years of experience in financial communications working for a variety of Russian and CIS clients. Prior to this, Leonid had a successful career in business journalism, spending over 15 years at the BBC, where he worked for the BBC World Service (Russian Service), as the Business Editor, and commented on the Russia and CIS business affairs for the World Business Report.

Cag Guner
Director, BlackRock

Cag Guner, Director, is a member of the UK Asset Manager & Hedge Fund coverage group within iShares EMEA. He also leads BlackRock’s business development initiatives in Turkey.

Mr Guner joined BlackRock from Credit Suisse in July 2013. At Credit Suisse, Mr Guner held a number of roles in the alternative investments division including portfolio management and distribution within the single manager hedge funds and exchange traded funds businesses. Prior to joining Credit Suisse in 2006, he worked as a senior associate within the transaction services and corporate finance division at PricewaterhouseCoopers in Istanbul. 

Mr. Guner earned a BS degree, in Economics, from Middle East Technical University in 1999 and an MS in Finance from London Business School in 2005. Mr Guner also holds the CFA UK Level 3 Certificate in Investment Management.

Uros Ivanc
CFO, Triglav Group

CFO and Member of the Management Board at Triglav Group from Slovenia. He was appointed for a 5 year term in July 2014. His responsibilities include finance and asset management, accounting and real-estate. He started his career in finance in Triglav Insurance Inc., the parent company of Triglav Group, in 2001, where he worked in equity and bond research. In 2004, he assumed his first management position as a Head of corporate finance. In December 2005, he was promoted to the position of an Executive Director – Finance at Triglav Group, where he stayed till June 2014. During his career he had also performed the role of the CEO of a real-estate company Slovenijales Inc. in 2008, and had been acting as a portfolio manager for period of five years of a pension fund management company in Serbia. Since 2005 he has assumed many non-executive board positions in companies from Triglav Group and outside. Among others, he is a supervisory board member of NLB bank in Slovenia.

Vedrana Jelusic
Director for Croatia, EBRD

Vedrana Jelušić Kašić was appointed the EBRD Director for Croatia in June 2013. Coming from EBRD London Headquarters to EBRD office in Zagreb in 2005, Vedrana Jelušić Kašić was responsible for the Bank's agribusiness activities in central and south-east Europe managing investments in food, drinks, retail and packaging. Since joining the EBRD in 1998 she has completed over 40 transactions exceeding EUR 1 billion in fourteen countries of South East Europe, CIS and Russia. Ms Jelusic has led the projects with the key regional and multinational Corporates including Croatian Agrokor, Dukat, American Bunge, Swiss Vetropack, French Pernod Ricard, Austrian Spar, Serbian Victoria Group, MK Group, Slovenian Droga Kolinska.

As the EBRD Director from Croatia, Ms Jelusic Kasic is responsible for the Bank’s activities in Croatia including the business development, financing of the new projects  and the institutional dialogue for strengthening of the institutional framework which among others included the support for the introduction of Factoring law as well as the Geographical indications for certain food products in 2013.  Vedrana Jelušić Kašić is a member of the Supervisory Board of Croatian Atlantic Grupa as well as a former member of Victoria Grupa, largest agribusiness group in Serbia,Tikveš, the  wine producer in FYR Macedonia and of VF Komerc, at the time retail chain in Bosnia and Herzegovina. Vedrana Jelušić Kašić joined EBRD’s headquarters in London in 1998 as the Analyst for Ukraine, Romania, Croatia, Bosnia and Herzegovina, Belarus and Moldova.

Prior business experience was accumulated at Raiffeisen Bank in Zagreb, Merrill Lynch Private Client Group in Boston, the Croatian National Bank and the Central Securities Depository Agency Monte Titoli S.p.A. in Milan.

Vedrana Jelušić Kašić holds a Master’s Degree in International Finances from the Brandeis University, Massachusetts, USA, and BA from the University of Economics in Zagreb. She completed financial coursework at Wirtschaftsuniversität Wien in 1993 and Institut Für Wirtschaftwissenschaften in Vienna in 1995. In July 2013, she obtained the Non-executive Director Diploma by The Financial Times, London, UK.

Maxat Kabashev

Mr. Maxat Kabashev has assumed charge as President of Kazakhstan Stock Exchange (KASE)
on March 05, 2014. Prior to being elected as KASE President for the last five years Mr. Kabashev was Chairman of the Management Board of "Alliance Bank" JSC.

Throughout his career he held leading positions in the national and private companies of the financial and real sectors of the economy, as well as gained policy level experience in the government of the Republic of Kazakhstan.

During the course of 2008-2009 Mr. Kabashev was a Chairman of the Management Board of the "Investment Fund of Kazakhstan" JSC and the Chairman of the Management Board of "Distressed Assets Fund" JSC. Prior to that during 2004–2006 he held leading positions in the "National Innovation Fund" JSC and the "Sustainable Development Fund "Kazyna" JSC. Mr. Kabashev also served as
a Chairman and a member of the Board of Directors of the "Investment Fund of Kazakhstan" JSC and
a member of the Board of Directors of "Astana-Finance" JSC.

Earlier in his career he worked at the Ministry of Industry and Trade and Ministry of Energy and Mineral Resources of the Republic of Kazakhstan that was preceded by an extensive work experience in the national oil and gas companies.

Mr. Kabashev holds an MBA from Massachusetts Institute of Technology (MIT) Sloan School of Management. He is also a graduate of technical universities in Russia and Kazakhstan.

In 2009 Mr. Kabashev was awarded the Order of Kurmet by the government of Kazakhstan (awarded to Kazakhstani citizens for significant contribution in the fields of economicsscienceculture, social issues, and education).


Alan Kartashkin
Partner, Debevoise

Alan Kartashkin is a partner based in the Moscow office. His practice focuses on M&A, securities and corporate finance.

Mr. Kartashkin is recommended as one of the leading lawyers for M&A, capital markets and aviation matters in Russia by Chambers and Vedomosti: Best Lawyers. He is also included in Legal Media Group’s Guide to the World’s Leading Aviation Lawyers.

Mr. Kartashkin advises boards of directors and special committees of independent directors of leading Russian companies on corporate governance issues. He has led some of the largest public M&A transactions in Russia, including the mergers of Uralkali with Silvinit and RTS with MICEX. Mr. Kartashkin has represented major Russian enterprises in public equity and debt offerings in the international capital markets, including premium listings on the London Stock Exchange, as well as in a diverse range of financing transactions.

Mr. Kartashkin joined the firm’s New York office in 1996 and moved to the Moscow office in 2001. Mr. Kartashkin received his J.D. from Cornell Law School in 1996, and a law degree with honours from the Moscow State Institute for International Relations in 1993. He is a member of the New York State Bar and is admitted to practise law in Russia.

Greg Konieczny
CEO Fondul Proprietatea Romania, Executive VP/Portfolio Manager Franklin Templeton Investment Management Bucharest Branch

Grzegorz Konieczny, executive vice president/portfolio manager, joined the Franklin Templeton organization in 1995. He has research and portfolio management responsibilities in Central and Eastern Europe. From September 2010 he has been the Portfolio Manager of Fondul Proprietatea, the largest closed-end investment fund in Romania. 

Prior to joining Templeton, Mr. Konieczny was director of Capital Market Transactions at Bank Gdanski SA, one of the largest financial institutions in Poland at the time.

Mr. Konieczny earned a master's Degree in economics and foreign trade from the University of Gdansk (Poland). In 1994, he obtained an investment advisor license from the Polish Securities and Exchange Commission. Mr. Konieczny speaks Polish, English,

and Russian

Miodrag Kostic
CEO, MK Group

Miodrag Kostić, the president of MK Group, was born on August 25th, 1959. He graduated from the Faculty of Economics at the department of Information Technology in 1983.

Upon graduation, he started his journey into the world of private entrepreneurship - a journey that has been a very successful one for the past 30 years.

Miodrag Kostic is one of the top businessmen, not only in Serbia, but in the region as well. He currently chairs one the largest vertically integrated agricultural corporation in Europe.

MK Group is a system which currently consists of 35 companies and employs more than 4,500 workers in Serbia and Ukraine, and is one of the companies that form the backbone of the domestic economy.  Besides agriculture, the company is involved in sugar and meat industry, tourism, renewable energy sources, real estate etc.

Mr. Kostic is the president of the Management Board of AIK Bank, a member of the employers association "Poslodavac", the President of the "Privrednik" club and the "Serbian-Belarus business council,'' apart from membership in numerous local and international business associations.

Additionally, he received awards such as "Business Personality of the Year", "The Most Successful Person in Vojvodina", "The Most Successful Entrepreneur", etc. The company is especially proud of the awards received for its contribution in the field of corporate social responsibility such as "Hero Company" for the donations in the humanitarian action "Struggle for babies" and the reward "My choice" for the construction of youth house in the SOS Children’s village.

Albert Krespin
CEO, Deutsche Bank Securities Istanbul

Albert Krespin received his Electronical Engineering degree from Bogazici University in 1996 followed by an MBA degree from Koc University in 1998. He started his career the same year at Deutsche Securities Istanbul (formerly Bender Securities) as an analyst. He assumed several roles under Deutsche Securities Research before he moved to the front desk in 2004 to establish the equity derivatives desk. In the meanwhile, he also served as a board member at Bender Asset Management. Krespin headed the derivatives desk until 2012. During his term as the department head, he led the efforts in his firm to establish a warrants and certificates market under Borsa Istanbul. Thanks to these efforts, Deutsche Bank became the first structured products issuer in Turkey in 2010. He is now the CEO of Deutsche Securities Istanbul and runs the Turkish equity franchise for Deutsche Bank.

Ivan Kurtovic
President of the Management Board, InterCapital

Ivan joined InterCapital Group in early 2004 after graduating from the Faculty of Economics and Business at the University of Zagreb. Since joining InterCapital Ivan was engaged in various projects/positions @ InterCapital incl. heading of a money market & repo desk, FI & derivatives trading and setting up of an equity research department. Since early September 2007 Ivan took full responsibility over equity business at InterCapital setting up foundations for sustainable growth of the business that yielded with c. 25% market share in Croatia in within 5 years’ time (from c. 4% in 2007). From mid-2011 Ivan has been appointed CEO of the Investment company and @ the end of 2011 also CEO of the whole InterCapital Group having responsibility for business development and international sales.

Throughout the years @ InterCapital, Ivan actively participated in many international educational programs organized by premier European business schools such as IMD, INSEAD, LSE & IEDC covering topics of strategic management, corporate finance & strategies, valuation, options and futures trading strategies & technical analysis.

Areas of his expertise include investment management, Equity, FX & FI trading & corporate finance.

Chokan Laumulin
Research Fellow, Cambridge University

Chokan Laumulin is a Research Fellow, Cambridge Central Asia Forum, Centre of Development Studies, University of Cambridge.

He has more than 20 years of professional experience in media global education and other entrepreneurial activity as well as hundreds of articles, interviews and publications in Kazakh, Russian and global mass media on geopolitical, political economical and international relationship issues.

The list of his entrepreneurial achievements includes launching two national TV channels in Kazakhstan as well as running numerous newspapers and broadcasting stations, including the most either popular or the most influential ones. Among the latter there was Continent magazine, a prominent part of intellectual and political landscape of Kazakhstan for a decade. 

Chokan Laumulin is an executive producer of “Murder by Proxy or how America Went Postal” documentary film, which is produced in co-operation with Allentown Production, Hollywood. In 2009 Global Oriental, an UK publishing company, launched  a book «Kazakhs: Children of the Steppes» co-written by Chokan and Murat Laumulins.

Mr. Laumulin holds an MSc degree from the London School of Economics (2001) and BSc degree (distinction) in journalism from the Kazakh State National University (1996)

Julian Macedo
Co-Head of Equity Capital Markets, Barclays

Julian Macedo is Co-head of Equity Capital Markets CEEMENA at Barclays. He has over twenty years of experience in Equity Capital Markets, in both developed European markets and throughout the emerging markets. In 2014 alone, he raised $5bn for CEEMEA issuers from countries as widespread as Greece, Abu Dhabi and Georgia.

Polina Minkina
Partner, Head of Public Markets Funds, UFG AM

Re-joined UFG Asset Management in February 2014 as Partner with the overall responsibility for the UFG Public Markets Funds business, including management of UFG's two main liquid equity strategies, the long-short blue-chip UFG Russia Select Fund and the long-only small & mid-cap UFG Russia Alternative Fund, as well as UFG's hybrid public and private, equities and fixed income strategy, the UFG Special Situations Fund. In addition to this management role, she supervises hedging and derivatives strategy in the long-short equity strategy of UFG Russia Select Fund, as well as trading for all UFG Public Markets strategies.

Ms. Minkina served as Portfolio Manager at UFG Asset Management from 2007 until June 2013. Ms. Minkina holds a BSc degree in Computational Mathematics and Cybernetics from the Moscow State University.

Prior to joining UFG Asset Management, in 2006-2007, Ms. Minkina worked as a Portfolio Manager for the Russian asset management company "Portfolio Investments," where her responsibilities included derivatives strategies implementation and portfolio management.

Trond Moe
CFO, Kcell

Prior to joining Kcell, Trond Moe served as CFO of Mode Group in London, UK. From 2011 to 2013, he was a partner at Eastern Europe Group (Ukraine), consulting foreign investors on strategic risk in eastern European business environments. From 2006 to 2011, he was a country manager at Telenor, Ukraine, responsible for the company’s investments in Ukraine, including the largest mobile phone company, Kyivstar.

Prior to that, from 2000 to 2006, Mr. Moe held a number of senior positions at telecoms businesses in several regions, including Eastern Europe and Asia. Mr. Moe holds an MS degree in Economics and Business Administration from the Norwegian School of Economics.

Tim Mc Carthy
Co-Chief Investment Officer, VTB

Tim McCarthy has 25 years of experience in financial markets. He has portfolio management track records in a range of long-only and long/short equity and fixed-income funds and strategies span more than 18 years. Tim joined VTBC IM from Valartis Asset Management in Geneva, Switzerland, where he was the Head of Asset Management and the lead portfolio manager of three Russia & CIS Funds and two GEM funds for 6 years. Prior to this, Tim was the CIO and PM at Red Star Asset Management for 2 years, and before this he was the CIO and Senior PM at Troika Dialog Asset Management for 7 years. Before coming to Russia in 1994, Tim was a Senior Consultant at Deloitte & Touche Management Consulting in New York. Tim has an MBA in Finance and a BS in Economics from the State University of New York.

Piroska Mohacsi Nagy
Director for country strategy and policy, EBRD

Piroska is Director for Country Strategy and Policy at the Office of the Chief Economist of the European Bank for Reconstruction and Development (EBRD). She is responsible for the economic strategic directions in the EBRD’s 34 countries of operation covering Emerging Europe, Central Asia and North Africa as well as key policy initiatives such as local currency and local capital market development, food security and climate change. She also oversees the EBRD’s quarterly economic forecast exercise and heads the Secretariat for the Vienna Initiative, a public-private coordination platform in emerging Europe. Previously she was senior adviser on financial sector stability and regulatory issues as well as crisis response. Prior to the EBRD, Piroska worked for the International Monetary Fund between 1986 and mid-2008, with surveillance and policy program responsibilities mainly in Europe and Africa. While on leave from the IMF, she was lecturer at the Hebrew University of Jerusalem in 1996/97 and worked at Fitch Ratings as Senior Adviser in 2003/4, covering Europe. She has published in the area of euro adoption in emerging Europe; financial stability issues; and fiscal policy reform and the author of the book The Meltdown of the Russian State (Edgar Elgar, 2000). She holds a M.Sc., Macroeconomics, and Finance from the University of Budapest, Hungary and conducted post-graduate studies at George Washington University, USA.

Mauro Ratto
Head of Emerging Markets, Pioneer Investments

Mauro Ratto is Head of Emerging Markets. In this role, he is responsible for leading a highly skilled investment team working on debt and equity strategies that covers Asia, Latin America, Emerging Europe,the Middle East and Africa.
Prior to his current appointment, Mauro was Head of Investment Management Europe and Asia. In this role, he was responsible for Portfolio Management and Trading teams across emerging as well as developed markets concentrating on fixed income, equity, absolute return, balanced and fundamental research, as well as single strategy hedge funds.
He is a member of the Global Investment Committee and is a director of Pioneer Investment Management Limited.
A guest lecturer at the faculty of Political Economy of University of Genoa, and an Economics graduate of the same university, Mauro has been part of Unicredit S.p.A, which owns Pioneer Investments, since 1989. In 1998, he moved to Dublin to join Pioneer Investments as Head of Global Portfolios, later adding Fixed Income to his title. He was Head of Portfolio Management, Europe (2002-2004), before taking on the role of Head of Investment Management Europe and Asia.

Tomislav Rosandic
Member of the Board and Group CFO, Hrvatska elektroprivreda d.d. (HEP d.d.)

Mr Rosandic has been Member of the Board and group CFO in HEP, Croatian national electricity company, since the beginning of 2015. In his former position, he was Member of the Board and group CFO in cable producing industry Eurocable Group from May 2012 to 2015. From 2005 to May 2012, he was Member of the Board Group CFO of the largest regional construction materials production company Nexe Group. Including position of CEO of Dilj dd roofing tiles producing company from 2003 to 2005 he has served for 10 years in different positions and responsibilities within Nexe Group. In the same period, he was Member and deputy President of the Supervisory board of domestic owned  Slatinska banka dd, from 2008 to 2015. From 2000 to 2002, he was Branch manager in Zagreačka banka and from 1997 to 2000 he worked in small local bank Cibalae bank dd, whose retail business was later acquired by Zagrebačka banka. Mr Rosandic holds a degree in economics from Zagreb University Faculty of Economics.

Matej Runjak
Member of the Management Board, Slovenian Sovereign Holding

Matej Runjak, was born on 15 February 1977 in Slovenia. In 1995 he graduated from High School and continued education at University of Ljubljana, Faculty of Economics and 2002 graduated with a major in Banking and Finance.

After graduation he was employed as Chief Financial Officer and as a HR manager in the company Vegrad and Horizont Engineering, Ltd., Germany. In the meantime he has earned MBA at the Johannes Gutenberg-Universität Mainz, Germany.

Matej has extensive knowledge and experience in corporate finance and investment banking, as follows:

Since May 2013 Matej is a member of the management board at Slovenian Sovereign Holding, d. d., (former SOD, Slovenian Restitution Fund) where he is in charge of the management of capital assets owned by SOD and the Republic of Slovenia and manages the privatization process.

He also serves as a chairman supervisory board of Zavarovalnica Triglav, d.d. (Triglav Insurance Company).

Mr Runjak speaks Slovene, English, German, Croatian, Serbian and Italian language. 

Giorgi Shagidze
Deputy CEO,Chief Financial Officer, TBC Bank

Giorgi Shagidze has been the CFO of TBC Bank since 2010 and a member of the Supervisory Board of Bank Constanta since 2011. Between 2008 and 2010, he worked as a Global Operations Executive for Barclays Global Banking in London and Barclays EM Centre in Dubai. Before joining Barclays, Giorgi obtained an MBA degree from the University of Cambridge Judge Business School. Prior to this, he held several top management roles at People’s Bank of Georgia and Tbiluniversalbank as well as a number of positions at Agro Industrial Bank where he started his career in 1996. His first degree is in Economics from the Tbilisi State University.

Stefan Scholz
Principal at ScholzvonGleich

Stefan Scholz is a senior investment banker with a successful track record of over 20 years in banking and extensive experience gained at both Dresdner Kleinwort Benson and JPMorgan in the origination and execution of medium and large-scale investment banking transactions across different industries in North America, Europe, the Middle East, Africa and Asia.

From 2006 to 2011, Stefan built up the leading local investment banking franchise in Central Asia with activities across Russia, Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, Mongolia and China, closing Advisory, Mergers & Acquisitions, Equity Capital Markets, Debt Capital Markets and Structured Finance transactions in excess of USD12bn and being voted "Best Corporate Finance and M&A Team" and "Best Investment Bank in Kazakhstan" by EMEA Finance Magazine in the CEE & CIS Banking Awards 2009 and 2010.

Stefan studied Economics and Business Administration in Germany and the UK and holds a full-time MBA from the Henley Management College. He was a long-standing member of the International Advisory Board to the Agency of the Republic of Kazakhstan for the regulation of activities of the Regional Financial Centre of Almaty (RFCA) and is a regular honorary speaker at major international conferences.

Zoran Stankovic
CFO, Atlantic Grupa

Zoran Stanković joined Atlantic Grupa in February 2007 at the position of Group Vice President Finance, and later assumed the company's IT functions as well. During his carreer in Atlantic Grupa he played a key role in the company's IPO at the ZSE late 2007, capital increase preceding the acquisition of Droga Kolinska in 2010, as well as a large refinancing late 2012 in arrangement with the EBRD, IFC and four commercial banks.

Previous to Atlantic Grupa, he was working as the Executive Director of Controlling in the Pliva Group, in charge of coordination and supervision of finance in the entire Pliva's corporate network inland as well as abroad. Before his arrival to Pliva, from 1995 until 2003, he worked at Arthur Andersen and Ernst and Young as Senior Audit Manager, where he was in charge of key clients. He is a full member of Association of Chartered Certified Accountants. He graduated economics at Zagreb University.

Mattias Westman
Founding Partner, Prosperity Capital Management

Mr. 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 from 1997-2004.

Mr. Westman 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, Mr. Westman 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.

Mr. Westman has a Master of Science in Business Administration and Economics from the Stockholm School of Economics. He is from Sweden.