Vinogradov, Head of Corporate
AMTEL is one of Russia’s largest tire manufacturers,
with a 28 percent share of the Russian tire production market and
a 35 percent share of car and light-truck tires, the most profitable
market segment. The group includes three tire factories in Russia:
the Amtel-Povolzhye Tire Complex (Kirov), the Amtel-Chernozemye
Tire Complex (Voronezh) and the Amtel-Sibir Tire Complex (Krasnoyarsk).
It also includes two chemical facilities in Russia Amtel-Kuzbass
(Kemerovo), Amtel-Karbon (Volgograd Carbon Black Plant) and one
tire factory in Ukraine (Belaya Tserkov).
The production structure breaks down as follows:
car tires make up 73 percent of production; light-truck tires 14
percent; tires for heavy trucks eight percent; tires for farming
equipment three percent; and motorcycle tires two percent. The AMTEL
group also manufactures airplane tires, tires for heavy construction
vehicles and bicycles.
According to preliminary unaudited results, AMTEL
produced 14,391,000 tires in 2004, a 21 percent increase over 2003
(11.9 million tires), company’s revenues grew 18 percent in
2004 to USD 451 million.
The Templeton Strategic Emerging Markets Fund LDC,
an international investment fund managed by Templeton Asset Management
Ltd, owns 5.65 percent of AMTEL’s shares. Ten percent of AMTEL’s
shares were sold to selected institutional investors in Europe,
the United States and Russia in a private placement.
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Kleiner, Head of Research
Hermitage Capital Management is one of the largest
investment management firms that specializes in the Russian equity
market. The firm makes significant minority investments in large
public Russian companies and uses its influence to make positive
changes in the corporate governance of those companies. The firm
is an affiliate of HSBC and has offices in Guernsey and Moscow.
The main product of the firm is the Hermitage Fund.
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Member of Management Board
The Russian Joint Stock Power and Electrification Company RAO “UES of Russia” is a
sector-wide holding company with extensive functions in ensuring
a reliable supply of electricity and heat energy to various sectors
of the economy and general public, as well as managing the Unified
Energy System of Russia and implementing investment programs in
the energy sector.
RAO “UES of Russia” is the most important
component of Russia’s power generation and supply industry
and operates in structural terms as a company, a holding company
and a group.
RAO “UES of Russia” controls the substantial
number of subsidiaries and dependent companies, the primary operations
of which relate to the process of producing, transmitting and distributing
energy and organizing the functioning and development of the Unified
Energy Systems of Russia.
RAO “UES of Russia” plays the leading
role in Russia’s electric power sector:
Installed capacity: 157 MW; 407 thermal and hydro power plants.
Electricity production: 636 TWh (69% of the total Russian output).
Heat production: 469 million Gcal (32% of all heat energy produced
Transmission and distribution lines: 2.5 million km (96% of the
Sales: The Holding RAO “UES of Russia” is among the
three largest Russian companies by volume of sales. Sales of the
companies within the Holding amounted to USD 24,6 billion in 2004.
Number of employees: RAO “UES of Russia”
is the largest in Russia holding by number of employed. The number
of employees in the companies within the Holding is 578 thousand.
Share capital srtucture:
52% - Government institution
48% - Private Sector
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Chairman and Chief Executive Officer
Foyil Securities is Ukraine’s leading independent investment bank and noted for its
highly rated research department and trading. Foyil has been an integral part of the
developing capital markets in Ukraine and established its first office in Kyiv in 1997.
Today Foyil Securities is not only a leading market maker in Ukraine but, via its
membership on the Board of Directors of Ukraine’s PFTS stock market, is actively
promoting improvements in corporate governance and modernization of the market’s
trading and settlement systems.
With a team of 30 professionals in Ukraine, Foyil Securities provides a wide range of
financial services including: securities brokerage and investment research, M&A
advisory, fund raisings and licensed custody. Working with both institutional and retail
clients based around the world, Foyil Securities is able to provide investment research
which is second to none along with expert trading execution and settlement.
Foyil Securities can be reached at:
30 Predslavynska Street Suite 12 Kyiv 03150 Ukraine
Phone: +380(44) 494-3001
Fax: +380(44) 494-3002
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Mark A. Gyetvay,
Chief Financial Officer
OAO NOVATEK is a rapidly growing independent natural gas producer in the prolific Yamal-
Nenets Autonomous Region, which accounts for approximately 90 percent of all Russian gas production
and one-third of the World’s gas production. The Company’s largest fields - Yurkharovskoye, East-
Tarkosalinskoye and Khancheyskoye - have gross proven and probable reserves of 784 billion cubic
meters (bcm) (27.675 tcf) of natural gas and 80 million tons of liquids according to SPE definitions.
In 2004, the Company produced 21.6 billion cubic meters (bcm) of natural gas and 2.88 million tons of
liquids. The current development plans call to increase natural gas production between 45 bcm to 50 bcm.
The company plans to diversify its business by becoming both a leading upstream natural gas producer
and an active downstream player in the market of refined and petrochemical products.
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Over 140 years of independent insight for the global financial community.
Who we are: A merger in 1941 of Standard Statistics and Poor's Publishing Company traces its roots to 1860 when Henry Varnum Poor
published his History of Railroads and Canals of the United States. Mr. Poor was a leader in establishing the financial information
industry on the principle of “the investor's right to know.” Today, more than 140 years later, Standard & Poor's is the pre-eminent global
provider of independent highly valued investment data, valuation, analysis and opinions and is still delivering on that original mission.
What we bring to the marketplace: As the financial markets have grown more complex over the last century, the financial
community has increasingly sought out Standard & Poor's rigorous, independent analysis, and information on stocks, bonds, mutual
funds and many other complex investment vehicles. The critical thinking, opinions, news and data offered by Standard & Poor's have
become an integral part of the global financial infrastructure.
Our unique power: creating independent benchmarks
- $1.5 trillion in investors' assets indexed to Standard &
Poor's indices, including the premier U.S. portfolio index, the
- One of the world's top providers of stock quotes and related
financial content to Internet sites globally;
- A global leader in providing objective information, insight
and analysis to customers in the equities, fixed income, foreign
exchange and mutual funds markets;
- Investors globally look to Standard & Poor's credit ratings
for objective, insightful analysis on the ability and willingness
of governments, corporations and others to repay their debts on
time and in full with trillions of debt rated globally;
- The world's leading credit rating service, operating through
a global network of 18 offices and seven affiliates.
The heart of Standard & Poor's investment
skill is its analysts, over 1,250
- They include some of the world's foremost economists;
- Experienced analytical teams thoughtfully set criteria, and
ensure consistent, predictable methodology for all commentary
Our history: creating standards, carving out firsts Standard & Poor's plays a truly unique role in the capital markets. It has been
aiding the creation of market transparency since its inception in 1860, when Henry Varnum Poor began supplying financial information
at a time when Europe sought to know more about its holdings in the newly developing infrastructure in America. The cardinal tenet of
Poor's investment reference publications was “the investor's right to know.”
- In 1906, the Standard Statistics Bureau was formed to provide
previously unavailable financial information on U.S. companies;
- In 1916, Standard Statistics began to assign debt ratings to
corporate bonds, with sovereign debt ratings following shortly
- In 1940, municipal bond ratings were introduced;
- In 1941, Poor's Publishing and Standard Statistics merged to
form the Standard & Poor's Corporation;
- In 1966, The McGraw-Hill Companies, Inc. acquired Standard
Standard & Poor's has a long history of creating
standards for the financial industry. For example, we were the first
- Securitized financings;
- Bond insured transactions;
- Letters of credit;
- The financial strength of non-U.S. insurance companies;
- Bank holding companies
- Financial guaranty companies
On the equity side, we led the way with:
- Index tracking systems;
- Exchange Traded Funds;
- A database standardizing information on publicly-traded companies,
enabling financial professionals to readily make comparisons across
- A series of web-based services that support analytical, planning,
and investment professionals globally.
Today, Standard & Poor's employs more than 5,000 people working in 18 countries.
As always, a beacon for the financial community Standard & Poor’s, a division of The McGraw-Hill Companies (NYSE:MHP),
provides independent financial information, analytical services, and credit ratings to the world’s financial markets. With 5,000 employees
located in 19 countries, Standard & Poor’s is an integral part of the global financial infrastructure. For more information, visit
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Counselor for International Strategy
ChevronTexaco Corp. ranks among the world's largest and most competitive
global energy companies. Headquartered in San Ramon and active in more than
180 countries, it is engaged in every aspect of the oil and gas industry, including
exploration and production; refining, marketing and transportation; chemicals
manufacturing and sales; and power generation.
The company marked its 125th anniversary in 2004, tracing its roots to an oil
discovery at Pico Canyon, north of Los Angeles. This find led to the formation, in
1879, of the Pacific Coast Oil Company. Another side of the genealogical chart
points to the 1901 founding of The Texas Fuel Company, a modest enterprise
that started out in three rooms of a corrugated iron building in Beaumont, Texas.
These two companies, the predecessors of Chevron Corp. and Texaco Inc.,
respectively, were both instrumental in transforming a fledgling oil business into
today's multifaceted, high-tech energy industry.
Global, diverse and highly skilled, the ChevronTexaco work force of
approximately 47,000 takes pride in a commitment to community partnerships,
social responsibility and environmental excellence.
ChevronTexaco had approximately 12 billion barrels of oil-equivalent net proved
reserves at December 31, 2003. Daily production in 2003 was 2.5 million net oil-
equivalent barrels per day. In addition, the company had a global refining
capacity at year-end 2003 of 2.2 million barrels of crude oil per day. The
company has a worldwide marketing network in 84 countries with approximately
24,000 retail sites, including those of affiliate companies. The company also has
interests in 13 power generating assets in the United States, Asia and Europe.
ChevronTexaco develops and commercializes advanced energy technologies,
including fuel cells, photovoltaics and advanced batteries, and is active in
research and development efforts to utilize hydrogen as a fuel for transportation
and power. Additionally, the company is investing in the field of nanotechnology,
evaluating a new class of molecular building blocks that potentially may be useful
in many industries.
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Business Group Director, Russia and Central Asia
The European Bank for Reconstruction and Development was established in 1991 when
communism was crumbling in central and eastern Europe and ex-soviet countries needed support to
nurture a new private sector in a democratic environment. Today the EBRD uses the tools of
investment to help build market economies and democracies in 27 countries from central Europe to
The EBRD is the largest single investor in the region and mobilises significant foreign direct
investment beyond its own financing. It is owned by 60 countries and two intergovernmental
institutions. But despite its public sector shareholders, it invests mainly in private enterprises,
usually together with commercial partners.
It provides project financing for banks, industries and businesses, both new ventures and
investments in existing companies. It also works with publicly owned companies, to support
privatisation, restructuring state-owned firms and improvement of municipal services. The Bank
uses its close relationship with governments in the region to promote policies that will bolster the
The mandate of the EBRD stipulates that it must only work in countries that are committed to
democratic principles. Respect for the environment is part of the strong corporate governance
attached to all EBRD investments.
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The Nixon Center, a non-partisan public policy institution which operates as a substantively and
programmatically independent division of The Richard Nixon Library & Birthplace Foundation,
has five main programs: Chinese Studies, Immigration and National Security, International
Security and Energy Programs, Regional Strategic Programs (Middle East, Caspian Basin and
South Asia) and U.S. - Russia Relations. In addition to conducting research into contemporary
foreign policy issues, Center program directors also organize an array of conferences, briefings,
seminars, lectures, and other events designed to advance U.S. foreign policy debates on crucial
political, economic, and security issues. These events are frequently broadcast on C-SPAN and
articles by Center analysts appear regularly in major publications.
Celebrating its tenth anniversary this year, The Nixon Center has consolidated its position as an
important voice in America's foreign policy deliberations through the work of its experts. In this
spirit The Nixon Center has become the sole publisher of the influential foreign policy magazine,
The National Interest. However, the Center is committed to having an impact beyond academic
discussion. Its objectives include not only the pragmatic analysis of contemporary policy issues,
but also broad public education and influence in the national debate on American priorities in the
post-Cold War world and in the war on terrorism.
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Global Head of Capital Markets and Investment Banking, Member of the Board
Parex banka is the largest bank in Latvia and the third largest bank in the Baltics in
terms of assets, deposits, and capital and reserves.
As a universal bank, Parex banka’s primary businesses include traditional deposit
and credit programmes as well as trust and investment services. Since its
establishment in 1992, the Bank has been committed to providing stability and quality
to its customers having rapidly grown to become the largest bank in Latvia. Parex
banka operates throughout the Baltics and is represented throughout the CIS, in
Frankfurt, London, Stockholm, Tokyo and Switzerland.
Parex banka is well recognised in the international financial community and has
received a number of awards in Latvia including all three of Euromoney Magazine’s
“Awards for Excellence”, “Bank of the Year” from the Banker Magazine, and “Best
Emerging Markets Bank of the Year” from Global Finance Magazine.
Being a long-time leader in Capital Markets, Parex banka launched an asset
management subsidiary, Parex Asset Management, early in 2002. With nearly EUR
600 million in assets under management and formed from a team of professionals
with experience in managing the bank’s proprietary portfolio for several years, Parex
Asset Management became the largest manager in the Baltics and second largest in
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Ridlington, Vice President
Finance and Treasury
TNK-BP is a major Russian vertically integrated
oil company, established in September 2003 as a result of the merger
of Russian companies TNK (Tyumen Oil Co.) and SIDANCO with the majority
of BP's Russian oil assets.
The company is 50% owned by BP and 50% by a group
of prominent Russian investors: Alfa Group, Access Industries and
Renova (AAR). The shareholders of TNK-BP also control 50% of Slavneft.
This interest will eventually be integrated into TNK-BP.
TNK-BP is headquartered in Moscow and is governed
by a multinational management team, which consists of Russian and
international executives who have worked in more than 50 countries
worldwide. The team combines the best of Russian and international
talent and experience and includes executives from BP, TNK, Sidanco
and other international companies.
Today, TNK-BP is Russia's third largest oil company.
The company employs more than 100,000 people and operates in nearly
all of Russia's major hydrocarbon regions.
In 2003, average crude oil production totaled 1.276
million barrels per day (bpd), or 64 million tons per year. Current
oil production is roughly 1.4 million bpd.
TNK-BP operates six refineries in Russia and Ukraine,
and markets products through 2,100 retail service stations operating
under TNK and BP brands. Through its retail network, TNK-BP is among
the market leaders in petroleum product sales in European Russia,
including Moscow, and is the market leader in Ukraine
In 2003, TNK-BP increased crude oil production by
14%, growing above the industry average. TNK-BP's strategy envisages
annual capital investment of approximately $1.5 billion until 2007,
excluding potential spending on asset acquisitions.
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