CIS & CEE Capital Markets Conference 2018

20 Apr 2018

Conference

London Stock Exchange, 10 Paternoster Square, London, EC4M 7LS

The CIS & CEE Capital Markets Conference will focus on the current market environment in the region, including investment flows, growth forecast and access to capital markets. Key industry experts will lead a series of experts on accessing capital and trading.

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One-on-one investor meetings will be available to corporates all day between 8am and 6pm.

08:30 – 09:00

Registration & Networking Breakfast

09:00 – 09:10

Welcome Speech

Robert Barnes, Global Head of Primary Markets and CEO Turquoise, LSEG

09:10 – 09:25

Keynote Speech: Better Growth, Higher EM Equities

Speaker: Geoffrey Dennis, Head of Global Emerging Markets Equity Strategy, UBS

09:25 – 10:05

Panel 1: Russia & CIS IPO Outlook for 2018

- Performance of 2017 deals so far
- Expectations and pipeline for 2018
- Macro environment and political risks

Speakers:

Darina Lozovsky, Head of Capital Markets Practice, White & Case

Anna Zadornova, Economist – Russia, Poland & CIS, UBS

Michel Danechi, Portfolio Manager, Vedra Partners

Alina Sychova, Head of Capital Markets Origination, SOVA CAPITAL Ltd

Moderator: Charlie Walker, Head of Equity Primary Markets, LSE Plc

10:05 – 10:45

Panel 2: CEE Investor Outlook and Macro Environment

- Pipeline of IPOs from Central and Eastern Europe
- Investor demand
- CEE IPO case studies and success stories
- Macro environment and political risks

Speakers:

Gyorgy Kovacs, Chief Economist, Emerging EMEA, UBS

Tom Attenborough, Head of International Business Development, Primary Markets, LSE Plc

Elina Ribakova, Managing Director, Head of Research, CEEMEA, Deutsche Bank

Kristof Bulkai, CFA, Bulkai Capital

Marius Dan, Head of IR, Fondul Proprietatea

Moderator: Matko Maravic, President of the Management Board, InterCapital Securities

10:45 – 11:00

Coffee Break

11:00 - 11.30

FDI Flows into Central Europe: Spotlight on Tourism and Real Estate

Speakers:

Marko Cizmek, CFO, Valamar Riviera

Luka Cvitan, Head of Strategy, Capital Markets and Investor Relations, Arena Hospitality Group

Vlaho Kojakovic, Head of Property & Tourism, European Bank for Reconstruction and Development

Stamatis Sapkas, Deputy CIO, Globalworth

Moderator: Monika Zec, Head of Coverage, InterCapital Securities

11:30 – 12:10

Panel 3: Current Trading Environment and Flows in CIS & CEE

- Innovation in International Order Book & Turquoise
- Trading channels, volumes and trends
- Impact of MIFID II on trading

Speakers:

Kirill Yankovskiy, Head of International Sales, SOVA Capital

Fabio Martirani, Director, International Equity Sales, BCS Global Markets

Peter McStay, Co-Head of Emerging Markets - EMEA, Liquidnet

Moderator: Scott Bradley, Head of Sales and Marketing, LSE Cash Secondary Markets and Turquoise, LSEG

12:10 – 12:20

Keynote Speech: Future of Derivatives

Speaker: Nicolas Bertrand, Global Head of Derivatives Markets for Equities & Fixed Income and Global Head of Commodities, LSE Plc

12:20 – 13:00

Panel 4: LSEG Derivatives: What’s next

- Why interest has returned to Russian derivatives?
- Who is trading what?
- Spreading the joy - how the market can really develop

Speakers:

Matthieu Ressencourt, Head of Equity Derivatives Trading, BCS Global Markets

Vishal Bhimjiyani, Director of Equity Derivatives Trading, Credit Suisse

Igor Burlakov, Head of Capital Markets, SOVA Capital

Moderator: Massimo Butti, Head of LSEDM Business Development, LSE Plc

13:00 – 14:00

Hot Buffet Lunch

14:00 – 14:40

Panel 5: Russian ETFs

Speakers:

Chanchal Samadder, Head of Equities, Lyxor ETF

Elio Manca, Managing Director, Head of ETF Sales and Business Development, ITI Funds

Bhaven Patel, Senior Vice President, Xtrackers ETP Capital Markets, DWS, London

Martin Bednall, Managing Director, Asset Management, FinEx

Moderator: Lida Eslami, Head of London ETP Business Development, LSE Plc

14:40 – 15:00

Innovation in Funds & Fixed Income

Speakers:

Darko Hajdukovic, Head of Funds, Fixed Income & Analytics – UK Primary Markets, LSE Plc

Elena Chimonides, Fixed Income Product Specialist, LSE Plc

15.00 - 15.10

Q&A

15:10 – 15:30

LSE Issuer Services and ELITE Programme for CIS & CEE

Speakers:

Alexey Morozov, ACSI, Product manager, Issuer Services, LSE plc

Giacinto Oriolo, ELITE Regional Manager East Europe, LSEG

15:30 - 15:40

Q&A

15:40 - 16.00

Coffee Break

16:00 – 16:40

Capital Market Development in Azerbaijan and Georgia

Speakers:

Vugar Namazov, CEO, Baku Stock Exchange

George Paresishvili, CEO, Georgian Stock Exchange

Clemente Cappello, Founder and CEO, Sturgeon Capital

Moderator: Ayuna Nechaeva, Head of Europe - Primary Markets, LSE Plc

16:40 - 16:50

Q&A

16:50

Close

16:50 – 19:00

Cocktail Reception with RBCC

Welcome Speech

Robert Barnes

Global Head of Primary Markets and CEO Turquoise, London Stock Exchange Group

Robert Barnes is Global Head of Primary Markets at London Stock Exchange Group and CEO of Turquoise, the European multilateral trading facility majority owned by LSEG in partnership with the user community. Prior to joining Turquoise LSEG in 2013, Robert worked at UBS for more than 19 years, including as Managing Director Equities and founding CEO of UBS MTF. His industry roles include serving 2004-2009 as Chairman of the Securities Trading Committee of the London Investment Banking Association. Robert holds a BA from Harvard, a PhD from Cambridge, and is a Chartered Fellow of the Chartered Institute for Securities & Investment.

Keynote Speech: Better Growth, Higher EM Equities

Geoffrey Dennis

Head of Global Emerging Markets Equity Strategy, UBS

Geoffrey Dennis is Managing Director and Head of EM Equity Strategy at UBS; he joined the firm in November 2013. Geoff has worked on the emerging markets for the past 25 years and he has been consistently ranked for equity strategy and macro analysis in external surveys over this period, most recently at #1 (team vote) for GEMs Strategy in the 2017 Extel poll, #3 for Equity Strategy in the 2017 II EMEA survey and #3 (team vote) for Equity Strategy in the 2016 II Latin America survey. From 1999 to 2013, Geoff worked at Citigroup in various roles over time, including Global Emerging Market Strategist, Equity Strategist for both Latin America and CEEMEA and Director of Research for Latin America. Previously, he worked at Deutsche Bank Securities (1998–99) and HSBC James Capel (1997) as Global Emerging Equity Strategist, and at Bear Stearns (1993–96) as Latin American Equity Strategist and Manager of Latin American Equity Research. He also worked for James Capel in London and New York (1984–93). Geoff is an economist by training and worked at the Bank for International Settlements in Basle, Switzerland (1982–83) and was Midland Bank Lecturer at the University of Loughborough, England from 1973 to 1981. He earned a BA in Economics (First-Class Honors) from the University of Durham, England and an MA in Economics from the University of Warwick, England.

Panel 1: Russia & CIS IPO Outlook for 2018

Charlie Walker

Head of Equity Primary Markets, LSE Plc

Charlie Walker is Head of Equity Primary Markets for the London Stock Exchange and is a capital markets specialist having spent over 11 years in J.P. Morgan Cazenove’s Equity Capital Markets team responsible for originating and executing equity transactions. He has assisted in raising over £45bn of equity capital across five continents on behalf of clients. During his time at JPMC, Charlie also worked in Sydney raising capital for companies on the Australian Stock Exchange as well as taking primary responsibility for the South African equity capital markets practice.

Darina Lozovsky

Head of Capital Markets, Russia, White & Case

Darina is the head of the White & Case Capital Markets practice in Russia sharing her time between Moscow and London. She is US securities partner focusing on equity capital markets. Darina is highly appraised by the clients in legal directories – in its latest editions Chambers Global reports: "If there's trouble, she sorts things out", “She is a rainmaker and a strong US lawyer who understands Russia”. Darina’s experience and reputation in the market helped the firm build a Band 1 capital markets practice in Moscow (ranked by Legal 500, 2017). In 2017 White & Case in Moscow advised on all of the successfully-closed IPOs in Russia which was achieved under Darina’s leadership.

Anna Zadornova

Economist – Russia, Poland & CIS, UBS

Anna Zadornova is an Executive Director and Senior Economist in EMEA Economics team in UBS, ranked #2 in Emerging EMEA Institutional Investor Survey in 2017. Anna is covering Russia, Poland, CIS, and the UAE. Prior to that, Anna spent five years at Goldman Sachs focusing on Ukraine, Kazakhstan, Russia, the Czech Republic and Hungary. Anna studied Economics at the Higher School of Economics in Moscow and has an MSc in Economics from the London School of Economics.

Michel Danechi

Investment Partner, Vedra Partners

Michel Danechi joined Vedra Partners beginning of 2018 and is the Investment specialist on Emerging Markets. He has traded Emerging Markets for over 25 years, having navigated the trading environment in the Emerging Markets since 1994. Michel began his career in 1986 trading Japanese warrants and convertibles. Prior to joining Vedra Partners, Michel worked at DUET Asset Management and Armajaro Asset Management LLP (AAM) since 2009 as portfolio manager. Michel 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. 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 Masters in Business Administration from the London Business School and a BSc (Hons) in Economics from the London School of Economics and Political Science.

Alina Sychova

Head of Capital Markets Origination, SOVA CAPITAL Ltd

Alina Sychova is Head of Capital Markets Origination at SOVA CAPITAL Ltd, with over 18 years of experience working with clients in Russia, CIS and Emerging Markets. Prior to joining SOVA CAPITAL in August 2017, she was Head of Equity Capital Marketing at Gazprombank and Head of Russia Equity Capital Markets at Citi. Alina started her career at Bank of America Merrill Lynch in 1999 where she was execution banker for Emerging Markets on a variety of deals, including M&A, rating advisory, capital markets and structured finance solutions. She holds a Masters in Finance from London Business School and B.A. in International Business and B.S. in Finance from Ramapo College of New Jersey.

Panel 2: CEE Investor Outlook and Macro Environment

Matko Maravic

President of the Management Board, Intercapital Securities

Matko holds a bachelor’s degree from Stephen M. Ross School of Business, University of Michigan and the LLM Finance degree from Goethe University (Institute for Law and Finance) in Germany. Matko Started his professional career in 2008 when he joined Agrokor Inc. in their Strategy and Capital Markets division where he primarily worked on debt capital markets financings. In 2010 Matko joined InterCapital Securities in their investment banking department and was primarily responsible for ECM & M&A transactions. In 2016 he became the President of the Management Board at InterCapital Securites.

Gyorgy Kovacs

Chief Economist, Emerging EMEA, UBS

Gyorgy Kovacs is an Executive Director and Chief Economist for Emerging EMEA at UBS in London. He focuses on Eastern European (the Czech Republic and Hungary; and Poland until the beginning of 2017), South Africa, Turkey and Greece in Emerging EMEA. Previously Gyorgy was also responsible for the macroeconomic analysis of Russia, Ukraine, Kazakhstan and Portugal. In addition, he was also involved in inflation modelling for Europe. Gyorgy joined UBS in 2007, after seven years at DZ BANK, where he led the Eastern European macroeconomics team. Following graduation, he worked for three years as a life and non-life insurance actuary. Gyorgy holds an MA degree in Economics from the Budapest University of Economic Sciences, and studied advanced macroeconomics at the London School of Economics.

Tom Attenborough

Head of International Business Development, Primary Markets, LSE Plc

Tom joined the Primary Markets team at the London Stock Exchange Group in September 2013, and is responsible for our new listings business internationally. In this role, Tom advises companies and their owners on the process of going public and life as a listed company on London’s markets. Prior to joining the LSE, Tom was at Citigroup for over 15 years. Tom was a Managing Director in the Equity Capital Markets division, originating, structuring and executing equity and equity-linked transactions across Europe and the Emerging Markets. He has been involved in a large number of IPOs and follow-on capital raisings over the years, including many involving a London listing. Prior to Citi, Tom worked in Kleinwort Benson’s Equity Capital Markets team from 1994 to 1997. Tom graduated from Oxford University in 1994 with a BA (Hons) degree in Philosophy, Politics and Economics.

Elina Ribakova

Managing Director, Head of Research, CEEMEA, Deutsche Bank

Elina Ribakova has nearly 20 years of experience in the financial industry and policy making. Prior to joining DB, Elina held senior roles in economic research and strategy in asset management covering US, LatAm and Russia at Pioneer Investments and cross-EM at Avantium Investment Management. She has always maintained a focus on Eastern Europe, however, including as a Chief Economist for Russia and CIS at Citigroup (2008-2013). Prior to moving to the private sector, Elina worked as an economist at the International Monetary Fund (1999 - 2008) focusing on fiscal and macro-financial stability issues. She was a Visiting Fellow in the Institute of Global Affairs at the London School of Economics and Political Science, is a graduate of the University of Warwick and occasionally lectures in international macroeconomics with policy and finance applications. Elina joined Deutsche Bank as expert on EMEA in August 2016.

Kristof Bulkai

CFA, CAP

Kristof Bulkai has over 15 years of fund management experience. Before joining CAP in 2017, Kristof was a partner at Thames River, and subsequently at Liontrust, as Global Head of Equities. He began his career at Goldman Sachs as an analyst, before joining Griffin Capital as a discretionary trader, and part of a multi-strategy team, working under strict drawdown limits. Kristof is a CFA Charterholder, with an MSc in Transition Economics from LSE, and a BA in Philosophy and Politics from Durham.

Marius Dan

Investor Relations Director, Fondul Proprietatea

Marius Dan is the Director of Investor Relations for Franklin Templeton Investment Management Ltd. Bucharest, the Fund Manager of Fondul Proprietatea. Mr. Dan joined Franklin Templeton in 2011 and has over 10 years of experience in the asset management industry. Prior to joining Franklin Templeton Investments, Mr. Dan was anchor of several capital-market-focused programmes on The Money Channel, Romania’s business television. He also worked for BT Asset Management, one of the largest Romanian investment managers. Mr. Dan earned a MSc. in finance at the University of Wyoming and graduated summa cum laude with a BSc. in finance from Wingate University.

FDI Flows into Central Europe: Spotlight on Tourism and Real Estate

Monika Zec

Head of Coverage, InterCapital Securities

Monika started her professional career in 2011 when she joined InterCapital Securities in their investment banking department. She worked on both ECM and M&A advisory mandates covering a large spectrum of industries, but specialising in tourism and wood sector. Most recent completed transaction includes Arena Hospitality Group’s re-IPO, the largest international public offering of shares on the local capital market since 2007. From 2018, Monika is Head of Coverage, responsible for promotion and provision of services of investment banking, brokerage and trading department. She is also managing significant ECM and M&A transactions of investment banking arm. Monika is an international economics graduate of Bocconi University and has completed several executive training programs on INSEAD and Columbia Business School.

Marko Čižmek

Member of the Management Board and CFO, Valamar Riviera

Marko Čižmek graduated from the Faculty of Economics in Zagreb in 1996. His career started in 1996 in the Croatian National Bank, followed by several years in corporate finance at Investmentbank Austria and ICF Ltd. From 2001 to 2004, he was a Member of the Management Board of EURO Invest, an investment fund management company. He has held various senior positions in the Valamar Group: a Member of the Management Board of Rabac Inc. (from 2004 to 2011), a Member of the Management Board of Dubrovnik-Babin kuk Inc. (from 2009 to 2013), and a Member of the Management Board of Valamar Adria Holding Inc. (from 2008 to 2014). Together with successfully passing the brokers and investment advisors exams, he is also a Member of the Board of the Croatian Association of Financial Analysts and the Croatian Association of Corporate Treasurers. As a Member of the Management Board of the Valamar Riviera Inc. since 2011, Mr. Čižmek is responsible for finance and accounting, treasury, investor relations, and IT.

Luka Cvitan

Head of Strategy, Capital Markets and Investor Relations, Arena Hospitality Group

Luka Cvitan is heading the Strategy, Capital Markets and Investor Relations at Arena Hospitality Group, a member of the PPHE Group. Luka has over 10 years experience in finance, executing a range of sizeable landmark transactions in the structured finance, M&A and capital markets space. Prior to joining Arena Hospitality Group in 2018, Luka was a Director in Agrokor, Croatia’s largest corporate, and spent some time at BNP Paribas Equity Capital Markets in London. Luka holds an MA degree in Finance from the University of Cambridge.

Vlaho Kojakovic

Head of Property & Tourism, European Bank for Reconstruction and Development

Vlaho is the Head of the Property and Tourism Team at the European Bank for Reconstruction and Development. He is a seasoned banker and a real estate executive with more than 15 years of experience in the sector. Before joining EBRD, Vlaho worked as Development Director with the Trigranit Development Corporation, the biggest real estate developer in Central and Southeast Europe. He started his career in investment banking with BNP Paribas in London. Vlaho ‎holds an MBA from Imperial College, University of London, and an executive education from the Kennedy School of Government, Harvard University.

Stamatis Sapkas

Deputy Chief Investment officer, Globalworth

Mr Stamatis Sapkas has c.13 years of experience in real estate advisory and investment. He joined Globalworth in 2013 and his current position is that of Deputy Chief Investment Officer. Prior to his current position, Mr Sapkas spent was for c.7 years a member of Citigroup's Real Estate and Lodging investment banking team based in London (most recently as Vice President) and prior to that he spent approximately 3 years with EFG Eurobank Ergasias (and Eurobank Properties). He has been involved in transactions exceeding a total of €13 billion in M&A, Equity Offering, Debt Financing and NPL in the Real Estate and Lodging sectors and has worked in a number of jurisdictions in Europe, Middle East and Africa. Mr Sapkas holds a BSc in Management Science with Computing from the University of Kent and an MSc in Banking & International Finance from the Cass Business School.

Panel 3: Current Trading Environment and Flows in CIS & CEE

Scott Bradley

Head of Sales and Marketing, LSE Cash Secondary Markets and Turquoise, LSEG

Scott Bradley is the Head of Sales and Marketing, LSE Cash Secondary Markets and Turquoise with responsibility for business development in Equities, ETF and Fixed Income trading, promoting growth and development within both existing and new markets. Scott joined the Group in March 2017 having spent the previous 17 years of his career in various roles more broadly within execution services with a number of Investment Banks and Global Brokerages including Instinet, Nomura, JP Morgan, Goldman Sachs and ITG. Having been actively involved in the early days of electronic trading and the development of analytics tools and services, Scott initially started out as a trader and then sales trader with ITG, before joining Goldman Sachs. As Managing Director of International Algorithmic trading at Bear Stearns, Scott was responsible for the build out of electronic sales trading in London before moving into senior sales positions as Head of Electronic Client Solutions, EMEA at JP Morgan and most recently Head of EMS and Analytics Sales at Instinet. For a number of years, Scott has been actively involved within the FIX Trading community and is currently co-chair of the Global Membership Services committee representing the EMEA region. Scott holds a BA(Hons) Finance from the University of Manchester and is currently part way through his MBA at Warwick Business School.

Kirill Yankovskiy

Head of International Sales, SOVA Capital

Kirill Yankovskiy currently holds the position of Head of International Sales at SOVA Capital, London. Kirill joined Equity Sales team of SOVA Capital (formally known as Otkritie Capital) as Equity and Cross Asset Sales back in July 2014 with focus on institutional EU and UK investor base. Prior to that, Kirill held Director of Equity Sales positions at Unicredit Bank, Uralsib Securities in London. In 2017, Kirill has been rated as No 1 Equity Sales in Individual Russia and CIS Category. Kirill holds Master in Finance Degree from London Business School.

Fabio Martirani

Director, International Equity Sales, BCS Global Markets

Equity professional with over twenty years experience in equity sales and trading. After working at Dresdner Kleinwort Benson at the global macros prop desk and at Enron Capital & Trade, trading energy, Mr Martirani worked nearly 10 years at Credit Suisse First Boston and 7 years at Barclays Capital in Emerging Market equities. Currently at BCS working in Russian equity sales, covering international institutional clients. Mr Martirani obtained a MSc in Investment Management with Distinction from CASS Business School in London.

Peter McStay

Co-Head of Emerging Markets - EMEA, Liquidnet

Peter McStay is co-head of Liquidnet’s Emerging Markets business, and also responsible for Sell-Side interaction for Liquidnet’s business in EMEA. Since 2008, Peter has held several roles at Liquidnet within Project Management, Product and Sales. He joined from HSBC Investments where he spent 4 years, prior to that he had several roles on the buy side. Peter holds a BSC in Economics from City University.

Keynote Speech: Future of Derivatives

Nicholas Bertrand

Global Head of Derivatives Markets for Equities & Fixed Income and Global Head of Commodities, LSEG

Nicolas is the Global Head of Derivatives and Commodities Markets for London Stock Exchange Group. He is responsible for the Group's derivatives markets across London Stock Exchange and Borsa Italiana. Nicolas is a board member of Borsa Italiana, Turquoise and FTSE Russell. Nicolas joined Borsa Italiana in November 1999 and has been responsible for IDEM, the Italian Derivatives Market of Borsa Italiana, since January 2004. Prior to joining the Exchange, Nicolas worked for Citibank and developed his expertise trading on a range of products and asset classes. Nicolas graduated in econometrics and holds a postgraduate degree in finance (DESS 203) from Université Paris IX Dauphine.”

Panel 4: LSEG Derivatives: What’s next

Massimo Butti

Head of LSEDM Business Development, LSEG

Max started his career in Switzerland as equity option and futures trader. In worked in derivatives sales, trading and structuring for global banks Societe’ Generale and Merrill Lynch before joining LIFFE in 2001 where he was responsible for Single Stock Futures, the acquisition of Cscreen and the launch of Bclear. From 2006 to 2010 he was Strategic Development Director at Liquid Capital Securities. In 2011 he founded software consulting boutique Sofistar and in 2014 he joined LSEG where he was appointed Head of Business Development with responsibility for equity derivatives products in 2016. Max holds a BA in Philosophy, Politics and History from Birkbeck College and is a Chartered Alternative Investment Analyst. He is a member of the Financial Derivatives Diploma Panel of the Chartered Institute for Securities and Investment and a holder of the Investment Management Certificate from the CFA Society of the UK.

Matthieu Ressencourt

Head of Equity Derivatives Trading, BCS Global Markets

Matthieu joins from VTB Capital where he headed up the equity volatility trading until departing in March 2014. Matthieu was one of the founding members of the equity volatility trading team in 2008 at VTB Capital and helped to develop both the institutional client business and options market making activity on LSE Derivatives, Eurex and the Moscow Derivatives Exchange. Matthieu began his career with Credit Agricole where he worked in both New York and Paris as an Equity Derivatives Trader before moving to Lehman Brothers in London in a similar role.

Vishal Bhimjiyani

Director of Equity Derivatives Trading, Credit Suisse

Vishal joined Credit Suisse in 2004 on the equity derivatives trading desk, and is currently in charge of trading Emerging Market equity derivatives. He has over 14 years trading experience in Emerging Markets, trading a variety of products such as access products, delta one and flow derivatives. Vishal graduated with an MSci in Mathematics and Statistics degree from Bristol University in 2004.

Igor Burlakov

Head of Capital Markets, SOVA Capital

Igor Burlakov was appointed Head of Capital Markets in June 2015. Prior to joining SOVA Capital as Equity Derivatives Trader in 2011, Igor worked as options trader at Troika Dialog, where he started in 2007. Igor holds BA and MA degrees in Financial Markets and Investment from the Higher School of Economics, Moscow. Igor is also a CFA Charter Holder from CFA Institute.

Panel 5: Russian ETFs

Lida Eslami

Head of ETPs Business Development, London Stock Exchange

Lida Eslami is Head of ETPs Business Development at London Stock Exchange. She is responsible for developing the Exchange’s ETP offering, working with both issuers and market makers. Prior to joining the Exchange in 2011, Lida worked at Deutsche Bank's ETF structuring and sales team and Fixed Income portfolio management team at Alliance Bernstein. She holds Executive MSc in Finance from London School of Economics & Political Science and BSc in Banking and International Finance from Cass Business School, London.

Chanchal Samadder

Head of Equities, Lyxor ETF

Chanchal Samadder is Head of Equities at Lyxor ETF. Having joined Lyxor in 2013, Chanchal is in charge of Lyxor’s range of over 100 equity funds – ensuring the products work for investors and creating new strategies. Chanchal started his career with UBS Wealth Management in London on the Advisory Trading desk. He spent five years covering institutional clients for iShares ETFs within Blackrock. He also holds a BSc in Mathematics and Computing from the University of London and is a CFA Charterholder.

Elio Manca

Managing Director, ITI Funds

Elio Manca, Managing Director responsible for ITI Funds ETF Sales and Business Development, has more than 20 years’ experience in the ETF, Delta One and equity derivatives business. Prior to joining ITI Funds, Elio spent six years at KCG (former Knight) as European Head of ETF Sales. In his previous roles, Mr. Manca was heading the Southern European equity derivatives sales at Citigroup and at Morgan Stanley, where he started his career in 1997. He graduated from Bocconi University in Business Economics.

Bhaven Patel

Senior Vice President, Xtrackers ETP Capital Markets, DWS, London

Bhaven is part of the Xtrackers Capital Markets team within DWS which he joined in 2015 and has 13 years of experience in the ETF industry. Bhaven oversees the day to management of the primary and secondary market processes and relationships and also works closely with clients to provide pre-trade execution education and services. His ETF journey started at Morgan Stanley in 2005 within Delta One, with a focus on risk and controls for ETF trading. In 2010 Bhaven joined the ETF trading desk at Credit Suisse in London where he provided pricing and execution for a large global client base. In late 2011 Bhaven transitioned to the Capital Markets team within Credit Suisse Asset Management to develop the primary and secondary market profile of the business. In 2013 Blackrock acquired the Credit Suisse ETF business which led to Bhaven joining the iShares Capital Markets team where his key responsibility was to ensure a successful migration of the Credit Suisse ETFs into the iShares platform. Bhaven has an MSc in Information Security and BSc in Computer Science both from Royal Holloway, University of London

Martin Bednall

Managing Director, Asset Management, FinEx

Mr Bednall, Managing Director, is responsible for the Asset Management business at FinEx including portfolio management, product development and capital markets. He has over 18 years experience working in asset management, brokerage and custody operations with BlackRock, Barclays Global Investors and State Street. Mr Bednall has managed complex, multi-asset class transitions, integrated portfolio management businesses and was responsible for ETF product development at iShares. He holds a BSc (Hons) degree in Management Science from Aston University and is a CFA charterholder.

Innovation in Funds & Fixed Income

Darko Hajdukovic

Head of Funds, Fixed Income & Analytics – UK Primary Markets, LSEG

Darko Hajdukovic is Head of Analytics, Fixed Income and Funds for the London Stock Exchange’s Capital Markets responsible for primary market offering for international companies, debt and investment funds. Darko has extensive experience in equity and fixed income transactions on public markets. Darko joined the Exchange in 2007 as Debt product manager looking after primary fixed income business. Before joining the Exchange, he was an independent consultant specialising in financial regulation and regulatory economics. His previous engagements include working for the European Commission and DLA Piper, where he focused on various projects assessing the effectiveness of the EU regulation and its impact on the economic development. He also acted as a consultant on several privatisations in Central and Eastern Europe. Darko holds a doctorate in economics from University of London. Darko is a member of the Royal Economic Society.

Elena Chimonides

Fixed Income Product Specialist, LSEG

Elena is a Fixed Income Product Specialist in LSE’s Primary Markets team, with a specific focus on issuance out of UK, Europe, Russia & CIS. Elena is also the product lead for LSE’s new International Securities Market which was launched in May 2017. Joining the group in July 2016, Elena previously worked in debt capital markets origination for 5 years and has extensive experience helping companies raise financing through the capital markets in a variety of currencies. She also holds a BSc in Economics from University College London.

LSE Issuer Services and ELITE Connect

Alexey Morozov, ACSI

Product Manager, Issuer Services, LSEG

Alexey joined the Issuer Services team in October 2017 to lead product development, data sourcing, and issuer relationship management. Alexey has a 7 year tenure at London Stock Exchange Group across a range of financial services, from Equities markets to Technology and Post Trade Services. He was a key contributor to a number of successful product launches, including Turquoise Plato Block Discovery and Issuer Services Portal. Alexey holds a Master’s degree in Information Systems and Management from London School of Economics and is an Associate Member of the Chartered Institute for Securities and Investment (CISI)

Giacinto Oriolo

ELITE Regional Manager East Europe, LSEG

Giacinto Oriolo, part of ELITE, is currently in charge of the development of ELITE Growth, for CEE, Turkey, Russia, several Middle Eastern countries and Emerging Markets. He joined London Stock Exchange Group in 2016, after being a consultant since 2013. With nearly two decades of experience in Global Emerging and Frontier Markets, Giacinto has an extended knowledge in dealing with private companies and family businesses. He worked in Capital Raising in some of the most challenging markets in the following sectors: Energy, Construction, Retail, Real Estate and Technology. Prior to joining ELITE, Giacinto worked as a Senior Advisor for several multinational companies. He studied Business and Administration at University “La Sapienza” of Rome, Italy. Giacinto holds a Master of Science in Strategic Communication from Burson-Marsteller, Milan, Italy. He is fluent in Italian, English and Romanian.

Capital Market Development in Azerbaijan and Georgia

Vugar Namazov

CEO, Baku Stock Exchange

Vugar Namazov received his Bachelor degree from the Finance and Loan Faculty of the Azerbaijan State Economic University in 2005 and holds a Master degree from the International Economic Relations Faculty of the same University. He presently joined to the PhD program of the Azerbaijan University of Economics. Vugar Namazov holds a qualification certificate of Project Management Professional (PMP®) from Project Management Institute (PMI®). Mr. Namazov practiced at several commercial Banks in Azerbaijan. He joined the Baku Stock Exchange in 2006 as a specialist at Trading and Listing Department. Further Vugar Namazov worked at Membership, Depository, Clearing and Settlement departments at various leading positions. In 2012 Mr. Namazov was elected to the Management Board of the BSE as a director for Business Development. In 2013 he was elected as a Deputy Chairman of the Executive Board and director for IT and Operations. Since 2017 Vugar Namazov holds the position of the Chairman of the Executive Board of Baku Stock Exchange.

George Paresishvili

CEO, Georgian Stock Exchange

George Paresishvili has been appointed the CEO of the Georgian Stock Exchange (GSE) and the Chairman of the Supervisory Board of the Georgian Central Securities Depositary in November 2014. He joined GSE from Kor Standard Bank (now Terabank) where he served as a Commercial Director and the Board Member. Prior to that, George founded EastWest Family Office together with his Swiss partners, serving high net worth individuals in the Caucasus and Central Asia. Until September 2012 George served as a Deputy CEO and the Board Member of Liberty Bank, being in charge of Wealth & Asset Management overseeing Private Banking and Liberty Securities (Liberty Bank’s securities broker-dealer subsidiary). George joined Liberty Bank in February 2011 from Bank Republic, Société Générale Group, where he served as a Wealth Management Director and the Board Member. Prior to joining Bank Republic, George served as a Managing Director and Global Head of Sales at Galt and Taggart Securities. Prior to this appointment he served as the Head of Wealth Management of Bank of Georgia, overseeing, inter alia, sales and trading activities of Galt and Taggart Securities. George joined Bank of Georgia from Credit Suisse First Boston, where he worked in Emerging Markets Trading in London and Mortgage Trade Finance in New York. George holds an MBA degree from the University of Michigan Ross Business School and BA in Economics from the Tbilisi State University.

Clemente Cappello

Founder and CEO of Sturgeon Capital

Clemente Cappello is Founder and CEO of Sturgeon Capital. He has an 12 year continuous track record of investing in the Silk Road region and has developed an intimate knowledge of the investment universe across each of the strategies employed. Clemente holds a degree in Business Administration and Finance from Bocconi University. Before founding Sturgeon he worked as an analyst for Haussmann Holdings, and has previously worked at HSBC, Bear Stearns and Goldman Sachs. Clemente was awarded “Rising Star of Hedge Funds” in 2008 by Institutional Investor and has been quoted by the Financial Times, New York Times, Bloomberg, Fox News and other media outlets as an expert on Central Asian markets.

Ayuna Nechaeva

Head of Europe, Primary Markets, London Stock Exchange Group

Ayuna Nechaeva runs IPO origination and client relationship management for clients in Europe, including Central and Eastern Europe, Russia and the CIS. Ayuna Nechaeva advises clients on the advantages of listing in London, ways to raise capital, corporate governance and continuing obligations. Ms Nechaeva’s client portfolio includes 250 listed companies with total market value of over $1.2 trillion. Ayuna Nechaeva holds a Master in International Business from France’s Grenoble Graduate School of Business and an MA in Linguistics & Intercultural Communications from the Moscow State University (MGU).

London Stock Exchange

10 Paternoster Square

London

EC4M 7LS

United Kingdom

BCS Global Markets is the Investment Banking division of BCS Financial Group. BCS Financial Group is a Russian financial service sector pioneer launching operations in 1995. BCS has a broad client base of over 140,000 that are serviced through a branch network of roughly 100 offices with over 3,000 employees.

The Global Markets Investment Banking division was launched in early 2011 and is focused on the provision of market access, financing and advisory, securities lending and other ancillary prime brokerage and asset administration services.

BCS is the broker of choice for trading Russian instruments with an absolute leadership position: since over 2 years, BCS has maintained its dominant trading position on the Moscow Exchange, capturing more than 25% of market share in Equities, Derivatives and FX.

Deutsche Bank’s DR team is part of the Trust & Agency Services business within Global Transaction Banking. In addition to specializing in administering cross-border equity structures such as American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. The Bank offers a broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

Deutsche Bank is a leading client-centric global universal bank serving 28 million clients worldwide. Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

InterCapital is an independent investment company established in 2001 and is a leading company for trading of financial instruments, invesment banking and asset management services in Croatia and the neighbouring markets of Slovenia, Romania, Serbia and Bulgaria.

InterCapital Group employs more than 50 individuals who all share the same mission to further advance the ongoing development of regional capital markets through inroduction and implementation of innovative financial products, know-how and sophisticated international standards in financial mediations services. InterCapital's success is based on the dedication, experience and excellence which we continuously provide to our clients.

SOVA Capital Limited (formerly Otkritie Capital International Limited or OCIL) is the FCA authorised and UK based broker-dealer subsidiary of the ROSSIUM Group, one of the largest private financial groups in CEE.

Headquartered in London and specialising in emerging markets with a particular focus on Russia, SOVA Capital offers institutional and corporate clients a full range of investment banking services, including securities sales and trading, research, M&A, equity and debt capital market origination, prime services and REPO financing.

The Company operates a unique and sustainable business model and is committed to capitalising upon its extensive relationships, significant capital base and infrastructure, and its market leading people.

KEY FACTS

FCA authorised since 2004, and offering protection of client money and safe custody assets in line with FCA rules and principals and the Client Money Sourcebook ("CASS")
Equity share capital base of c.$350mn as at year end 2017
Top 3 ranked broker on the Moscow Exchange Equitiues, Derivatives and FX Sections
Market maker allowing clients to source liquidity in any finanical instruments on global market
No. 3 ranking in Extel Russia Leading Brokerage Firm 2017 Survey
No. 1 ranking in Extel 2017 Research Survey for Metals & Mining, Fixed Income, Small Caps and Consumer & Retail Sectors

Since its foundation in 1916, the Russo-British Chamber of Commerce has worked to promote trade and cooperation between the UK and Russia, helping companies in both countries to find trading partners and representing the interests of its member companies of all sizes.

With offices in London, Moscow and St Petersburg, the modern-day Chamber provides up-to-date advice and market-entry support to both Russian and international companies, along with regular information through our website, monthly e-mail newsletter, and quarterly members' magazine, the RBCC Bulletin.

Today the RBCC has a membership base, representing Russian, UK and international companies interested in strengthening their existing ties with Russia/UK or expanding into a new market. Continuous programmes of high-quality conferences, trade missions and seminars offer our members valuable opportunities for learning, networking and business development, while our long-standing contacts with government and business circles in both countries mean that we are strongly placed to assist our members.

Our mission is:

to provide a cost-effective professional and social platform and to facilitate business opportunities within the RBCC network
to be our members’ voice in Russia-UK related business issues
to help new companies coming to the Russia and UK markets to achieve maximum success in the shortest possible time

If you would like to know more, please contact your nearest RBCC office, or go to the Join RBCC section, where you can find out more about the benefits of being part of our ever-expanding trading network.

UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. The operational structure of the Group is comprised of our Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates, in order to generate attractive and sustainable returns for its shareholders. All of its businesses are capital-efficient and benefit from a strong competitive position in their targeted markets.

Headquartered in Zurich, Switzerland, UBS has offices in 52 countries, including all major financial centers, and employs approximately 60,000 people. UBS Group AG is the holding company of the UBS Group. Under Swiss company law, UBS Group AG is organized as an Aktiengesellschaft, a corporation that has issued shares of common stock to investors.

The Investment Bank provides corporate, institutional and wealth management clients with expert advice, innovative solutions, execution and comprehensive access to international capital markets. It offers advisory services and provides in-depth cross-asset research, along with access to equities, foreign exchange, precious metals and selected rates and credit markets, through its business units, Corporate Client Solutions and Investor Client Services. The Investment Bank is an active participant in capital markets flow activities, including sales, trading and market-making across a range of securities.

White & Case is a truly global law firm. Our cross-border experience and diverse team of local, US and English-qualified lawyers consistently deliver results for our clients.

Recognized in the market as an "emerging markets powerhouse", we have a dedicated team of capital markets lawyers with specific CEE & CIS experience, who understand the risks and opportunities associated with structuring deals in countries with nascent securities markets better than any other firm. For that reason both issuers and underwriters continue to entrust us with their matters.

Our capital markets specialists regularly represent clients in many of the high profile matters by corporations, financial institutions and sovereigns throughout the world. We advise issuers, underwriters, selling shareholders, placement agents, investors, trustees, depositaries and other market participants to structure and execute their international equity and debt capital markets transactions. Many of these offerings have involved listing of securities on the London Stock Exchange, the US stock exchanges or stock exchanges in the CEE & CIS region. Our London and New York capital markets teams are seamlessly integrated and regularly work together with the CEE & CIS teams on offering providing clients with English, US and local law capabilities to comprehensively meet all the demands of a complex international securities transaction.

White & Case is a truly global law firm. Our cross-border experience and diverse team of local, US and English-qualified lawyers consistently deliver results for our clients.

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CIS & CEE Capital Markets Conference 2018