Dubinin Sergey Konstantinovich was born on 10 of December, 1950 in Moscow City, Russia.

In 1973 was graduated the Moscow University Economic Department. From 1976 to 1991 worked as a professor of the Moscow University.

In 1977 became PhD in economics.

In 1990 became doctor of science in economics.

In 1991 worked as an expert of the President of the USSR Administration.

From 1992 until 1993 – Deputy Chairman of the State Committee of the CIS countries cooperation.

From 1993 till 1994 – First Deputy Finance Minister, acting Finance Minister.

From 1994 till 1995 – First Deputy Chairman of the Board of Joint Stock Commercial Bank «Imperial».

From 1995 till 1998 – the Chairman of the Bank of Russia (CBR).

From 1998 till 2001 – Deputy Chairman of the Board of Gazprom.

From 2001 till now - Deputy CEO of Russian Joint Stock Company «Unified Energy System of Russia» - RAO «UESR». He is charge of designing overall investment policy, its strategic directions and implementations of investment projects in the power generation sector.

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Dorian B. Foyil is Chairman and Chief Executive Officer of Foyil Limited, the parent company of Foyil Securities and Foyil Asset Management. Foyil Securities has become the leading Investment Bank in Ukraine known for its detailed and probing investment research. Mr. Foyil began his investment career in London and was a number one rated (1990 Extel Survey) investment analyst covering the European electronics and telecommunications sectors for UBS Securities. Thereafter, he had a five year tenure as a Senior Vice President and Portfolio Manager at Templeton Global Advisors, where he had direct portfolio responsibility for approximately $800 million in mutual fund and institutional pension assets. In 1996, Mr. Foyil established the Foyil Group of companies and in 1997 opened its office in Kyiv, Ukraine. Mr. Foyil holds an MBA in finance from the Wharton School of Business and received his Bachelor's Degree from Temple University. In 2003 Mr. Foyil established the Center for the Protection of Minority Shareholder Rights and is an active proponent of bringing improved corporate governance to companies in Ukraine. He has served as both President and a member of the Board of Directors of the Bahamas Society of Financial Analysts.

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Mr. Gurion joined Amtel in December, 2001.

Mr. Gurion directly participated and supervised over realization of the deal with Templeton Strategic Emerging Markets Funds Limited – first Amtel’s deal on attraction of large foreign investment.

Mr. Gurion has also initiated and completed corporate restructuring of the Group in 2001 – 2003. In 2002 Amtel has prepared a first set of financial statements audited by KPMG.

Mr. Gurion worked for three years at Merrill Lynch and CIBC World Markets in Toronto as a partner at Executive Financial Services Group. Before joining Merrill Lynch in 1998 Mr. Gurion served as a director of Alfa Capital Ltd. in Toronto. There he was involved in a number of large M&A and capital markets transactions.

Mr. Gurion earned his Masters in Engineering with honors from P. Lumumba University in Moscow in 1985, and his MBA in finance and accounting from University of Toronto in 1998. Mr. Gurion also has numerous professional certificates in securities trading and portfolio management from Canadian Securities Institute in Toronto. Mr. Gurion has over 50 publications on investing in Canadian newspapers and magazines.

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Mark A. Gyetvay was born on July 19, 1957 in New Jersey, USA. He studied at Arizona State University (Bachelor of Science, Accounting, 1981) and later at Pace University, New York (Graduate Studies in Strategic Management, 1995). After graduation, Mark worked in various capacities at a number of independent oil and gas companies (Champlin Petroleum Co., Texas, Ensource Inc. and MAG Enterprises, Colorado, and Amerada Hess Corporation, New Jersey and New York) where he specialized in financial and economic analysis for both upstream and downstream segments of the petroleum industry.

In 1994, Mark began his work at Coopers and Lybrand, New York, as Director, Strategic Energy Advisory Services working for oil and gas companies in the USA and abroad. He subsequently moved to Moscow in 1995 with Coopers & Lybrand to lead the oil and gas practice and was admitted as a partner in July 1996. After the merger and foundation of PricewaterhouseCoopers in 1998, he assumed the role as a client service engagement partner in PwC’s Global Energy, Utilities and Mining practice based in Russia (Moscow office). Mark was an engagement partner on various energy and mining clients providing overall project management, financial and operational expertise, and maintaining and supporting client service relationships, as well as serving as concurring partner on transaction services to the petroleum sector.

As a Certified Public Accountant, a member of American Institute of CPA, an associate member of the Society of Petroleum Engineers, and a member of PwC’s Petroleum Thought Leadership Council, Mark is a recognized expert in the oil and gas industry and a frequent speaker at industry conferences. He has published numerous articles on various boil and gas industry topics, including articles in leading international industry magazine Oil and Gas Journal.

Mark began working at OAO NOVATEK in June 2003 as Chief Financial Officer and Deputy Chairman of the Board, and is a Board Member of OAO “NK Tarkosaleneftegas” and a Director of SWGI Capital Management.

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Antoine Halff is the Director of Eurasia Group's Global Energy Practice, based in New York.
Mr. Halff comes to Eurasia Group from the Paris-based International Energy Agency (IEA) where from 2000 to the present he served as a Principal Analyst in the Oil Industry and Markets Division. In that position, Mr. Halff co-wrote the IEA's Oil Market Report (OMR). His reporting led the industry in foretelling the demand effect of the 2001-2002 global economic downturn and highlighting China's role as a driver of global demand. Prior to the IEA, Mr. Halff was the New York Bureau Chief for the Energy Intelligence Group and a Senior Reporter for Dow Jones Energy. He was also a Lecturer at Touro College (Lecturer) and a Visiting Scholar at Columbia University (Visiting Scholar).

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Helena Hessel is a Director in the Sovereign Ratings Group at Standard & Poor’s in New York. She is a senior member of rating committees for over 100 sovereigns currently rated by Standard & Poor's. She also serves as a primary or a senior analyst for a couple of high profile credits, including Russia and Brazil. She is also a primary analyst for Ukraine. She is a frequent commentator and speaker at international conferences discussing sovereign ratings at large and various countries in particular. Helena also represents sovereign Group in company-wide special Task Forces working on criteria enhancements and development of various new products and innovations, which are relevant and applied in Sovereign Group.

Until recently, she was an analytical head of the team responsible for ratings of transition sovereign credits in East and Central Europe. She developed criteria relevant for analyzing and rating these countries and subsequently followed their progress into joining EU.

Before joining Standard & Poor’s in 1986, she worked as a lecturer at Barnard College and then as an international economist for a New York based banking institution and as a consultant for a New York based investment bank. She holds a Ph.D. and M.A. in economics from Columbia University.

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The Board of Directors of the Western NIS Enterprise Fund named Natalie A. Jaresko its President and Chief Executive Officer in February 2001. She is responsible for managing WNISEF’s strategic development, setting WNISEF’s long-term business goals, and attracting capital to expand business opportunities. Ms. Jaresko’s broad experience in both the private and public sectors enables WNISEF to successfully navigate complex business environments, while maintaining its focus on building profitable market leaders in a wide variety of industries.

Prior to her appointment, Ms. Jaresko was Chief Investment Officer and Executive Vice President of WNISEF from 1997 through 2001. During her tenure, she successfully built a $63 million portfolio that included nineteen companies in the region. In addition, she oversaw the attraction of third party validations and the implementation of results-oriented monitoring policies and procedures. From 1995 to 1997, Ms. Jaresko was Country Manager Ukraine and Investment Officer with WNISEF. She has worked in Ukraine since 1992 and in the region since 1989.

Ms. Jaresko received her Masters Degree in Public Policy from the Harvard University Kennedy School of Government in 1989 and a Bachelor of Science Degree in Accounting from DePaul University in Chicago, Illinois in 1987. She is a registered CPA.

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Jan Kalicki has served as Counselor for International Strategy at ChevronTexaco Corporation since 2001. In this capacity, he acts as advisor to ChevronTexaco’s Chairman, Vice Chairman, and other senior executives on regional strategies, international business opportunities and negotiations, and government relations.

Prior to his appointment, Mr. Kalicki served in the Clinton Administration as Counselor to the U.S. Department of Commerce and as the White House’s Ombudsman for Energy and Commercial Relations with the New Independent States. He served previously at Lehman Brothers in New York and in other government and academic positions.

Mr. Kalicki has authored a book and numerous publications on China, Russia, international energy and U.S. foreign, national security and international economic policies, and is editor (with Eugene Lawson) of Russian-Eurasian Renaissance?, published jointly in 2003 by the Wilson Center Press and Stanford University Press.

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Mr. Kleiner has been with Hermitage since October 1997. In 2000 he was promoted to the position of the Head of Research. He is responsible for research and analysis of all the Hermitage Fund’s investments. From 2001 to 2004 Mr. Kleiner served as a Board of Directors member of Sberbank, the largest bank in Russia. Since August 2001 he serves as a member of the Restructuring Committee at Unified Energy Systems, the Russian state-owned electricity monopoly. From 1999 to 2002 Mr. Kleiner served as a member of the Board of Directors of the chocolate company “Volzanka,” a Fund’s investment and the sixth largest confectionary factory in Russia. In January 2001 he was appointed by President Vladimir Putin to the State Commission on restructuring of Russian energy sector. From 1995 to 1997 Mr. Kleiner was with Rinaco Plus, one of the main brokerage firms in the Russian equity market, where he had responsibility for research of companies in Russia and CIS countries, and statistical analysis of market trends. From 1992 to 1995 he worked at the Russian Institute for Economic and Technical Development where he had responsibility for investment projects analysis. In 2000 Mr. Kleiner received a Ph.D. degree at the Moscow Central Economic Mathematical Institute. He received his MA in Economics from Erasmus University in Rotterdam in 1995 and an additional MA in Economics from Higher School of Economics in Moscow in 1995, and his MS in Computer Science from Moscow Institute of Radiotechnics, Electronics and Automation in 1993. Mr. Kleiner is a native Russian speaker, and he is also fluent in English.

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Vladimir Lechtman is Partner-in-Charge of the Moscow Office of Jones Day. He has over 17 years of experience in cross-border M&A and capital markets transactions, especially in the energy, telecom and financial services industries. He has acted as lead counsel in some of the most significant transactions involving Russia. Most recently he acted as lead counsel to Alfa Group and Access-Renova Group (AAR) in the formation of TNK-BP, a $18 billion joint venture with BP, and to Alfa Group in the $3.7 billion monetization by AAR of their respective rights to future delivery of BP ordinary shares.
Mr. Lechtman received his undergraduate degree at the University of St. Petersburg and his JD from the University of Texas at Austin.

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Eugene K. Lawson began as President of the newly formed U.S.-Russia Business Council on January 11, 1993 following his resignation as Acting Chairman and President of the Export-Import Bank of the United States. For four years, he was Vice Chairman, confirmed by the Senate following nomination by President Bush.

At Ex-Im Bank, Mr. Lawson worked to expand trade links with Russia and other newly independent states in Central and Eastern Europe by structuring trade credits. He was the Bush Administration’s point man in negotiations to conclude a proposed $2 billion oil and gas framework agreement with Russia.

From 1988 to 1989, Mr. Lawson was Deputy Under Secretary of Labor for International Affairs. In 1988, he also served as U.S. Ambassador to the International Labor Organization in Geneva, and as a member of the Board of Directors of the Overseas Private Investment Corporation.

He was Deputy Assistant Secretary of Commerce for East Asia and the Pacific from 1982 to 1984. From 1981 to 1982, he was Deputy Assistant Secretary of Commerce for East- West Trade.

Mr. Lawson served as an officer in the U.S. Navy in the Pacific from 1961 to 1963.

Mr. Lawson graduated cum laude from Princeton University and holds a Ph.D. from Columbia University.

Gene Lawson is the author of Russian-Eurasian Renaissance? U.S. Trade and Investment in Russia and Eurasia, The Sino-Vietnamese Conflict, U.S.-China Trade: Problems and Prospects, and numerous magazine, journal, and newspaper articles.

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Hubert Pandza leads the Russia & Central Asia Business Group and the Group for Small Business as Business Group Director. At EBRD Headquarters London since October 2002, he determines the strategies and directs the Bank's activities in the region's countries of operation.

The Russia & Central Asia Business Group operates out of its London Headquarters and 10 resident offices. Additional offices are envisaged to open in the near future. The region accounts for 32 % of the Bank's current portfolio, which was more than EUR 5 bln as of end of December 2004. Last year, the Bank generated annual business volume of approximately EUR 1. 6 bln in Russia & Central Asia, with 124 projects in the following sectors: Financial Institutions, General Industry, Infrastructure, Energy, Agribusiness and Specialized Industries. In Russia, the efforts are concentrated on diversification of a natural resource based economy; promotion of private sector development; modernization and restructuring of the industrial complex; enhancing competition through financial sector reform and small business development; and expanding into the regions. In Central Asia, the Bank supports critical infrastructure development; small and medium business development; and strengthening the investment climate by promoting sound corporate governance standards and legislative reforms.

The Group for Small Business (GSB) aims to substantially increase access to formal financial services for a wide range of micro and small enterprises in EBRD countries of operation. To this effect GSB provides on-lending funds, equity and technical assistance to universal banks and microfinance institutions, including NGOs, and it engages in policy dialogue to address legal and regulatory impediments for SME finance. GSB currently covers micro and small finance as well as institution building projects in 20 countries working with 48 financial intermediaries, including 15 "greenfield" microfinance banks/institutions. At present GSB's portfolio comprises $600 million operating assets and special funds and includes equity investments in twelve microfinance banks/companies. A total of 800,000 loans to micro and small enterprises have been provided through these projects in the amount of US$ 5 bln. Technical assistance to the partner financial intermediaries, funded by donor agencies, plays an important role in the work of the GSB.

Prior to joining EBRD, Hubert Pandza's 26 year career with Deutsche Bank found him assigned to the Eastern Europe and Central Asia Division, working to define and implement regional strategies as well as establish subsidiaries and representative offices. In 1998, he assumed the role of CEO, Deutsche Bank Moscow, developing Deutsche Bank's business in Russia and other countries of the CIS, including coverage of major international clients and local clients as well as the local entity management.

Mr. Pandza holds a Masters of Science in International Economic Relations from the University of Saarbruecken. He speaks German, English, Russian and Polish.

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Mr. Stephen John Ridlington is Vice President for Finance and Treasury, TNK-BP, a joint venture between BP and the consortium of Russia’s Alfa Group and the US-Russian Access/Renova investment group. He is responsible for all Corporate Finance, Treasury, Insurance, and Financial Risk management activities of TNK-BP.

Before appointment to the job in April 2003, Mr. Ridlington served as Project Manager, BP Global Pensions Review. In this role he led a 3-month project to review BP’s Global Pension arrangements. In 2002 he held the position of Head of Finance, Global Power, and negotiated settlement to long running disputes with JV partner at Texas City Cogen.

In 2000-2002 Mr. Ridlington served as Commercial Manager, PTA Asia, and was responsible for Finance, Control, and Strategy for the BU, based in Hong Kong.

Prior to that he worked as Regional Treasurer Asia Pacific and was responsible for BP’s regional finance teams based in Singapore and Melbourne managing all financial needs of BP’s operations in Asia Pacific.
In 1979 Mr. Ridlington got a Bachelor’s degree in Economics & Maths at Sussex University, in 1981 he graduated from St. Anthony’s College, Oxford, with a Master’s degree in Economics and in 1992 became member of Association of Corporate Treasurers.

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Peter Roberts heads Jones Day's global oil and gas practice team. He has a broad range of commercial energy project experience, covering all aspects (transactional, construction, M&A, and financing) of oil, gas, and power projects. From 1994 to 1997 he was in-house counsel with Exxon Corporation. Between 1997 and 2004 he was resident in Singapore and Hong Kong. While in Hong Kong, he was the head of the Firm's Asia energy projects practice. He is now resident in London and Moscow.

Peter is co-vice chairman of the Oil and Gas Committee of the IBA Section on Energy and Resources Law and is a member of the Advisory Committee of the Institute for Energy Law at the Center for American and International Law. He is a regular speaker at energy conferences and is a frequent contributor of articles and papers for publication. He is the author of the leading energy projects text Gas Sales and Gas Transportation Agreements: Principles and Practice, published by Sweet and Maxwell in 2004.

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Dimitri K. Simes is the President of The Nixon Center, a non-partisan public policy institution founded by President Richard Nixon, to whom he served as an informal foreign policy advisor in the late 1980s and early 1990s. Simes is also Publisher of the influential foreign affairs magazine, The National Interest.

Before becoming President of The Nixon Center, Simes served as Chairman of the Center for Russian and Eurasian Programs at the Carnegie Endowment for International Peace. Earlier, he was the Director of the Soviet and East European Research Program at the Nitze School of Advanced International Studies of the Johns Hopkins University.

His most recent book, After the Collapse: Russia Seeks Its Place as a Great Power, was released by Simon & Schuster in March 1999.

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Andrew Somers has served as president of the American Chamber of Commerce in Russia since January 2001. Under his leadership, the Chamber has grown to 800 member companies and has become the leading and most influential foreign business organization in Russia. Mr. Somers plays a major role in advocating AmCham member companies’ interests in a wide range of industry sectors and in helping companies to overcome bureaucratic obstacles and other revenue risk factors. Mr. Somers is an active leader in the Russian-American Business Dialogue and co-chairs the U.S.-Russia Commercial Energy Dialogue, both of which are effective private-sector mechanisms initiated by Presidents Bush and Putin to advise government on measures needed to facilitate trade and investment. Mr. Somers has 30 years of U.S. and international corporate, legal and entrepreneurial experience. He was Executive Vice President, General Counsel and a member of the board of American Express TRS Company and Counselor to the Chairman on Russian Business Development. Mr. Somers later formed his own company to advise international companies on Russian market transactions, acquiring extensive business experience in Russia’s regions. He received his law degree and master’s degree in Russian history from Columbia University.

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Mrs. Svetelik started her professional career at Alfa Bank, Ukraine in 1996. In 2000 she joined a team of professionals at MFK Investment Bank where she acquired an institutional sales experience. Among the brightest deals, written about in the Financial Times, which brought the company to the 1st place in the PFTS trading system according to the trade volumes were accumulation of a 5% block of Ukrtelecom (a company with a 3.3 bln in Mcap) and 25% stake in Kievenergo (Ukrainian energy generating and distributing company). The last two years Mrs. Svetelik spent in Toronto, Ontario working as an associate portfolio manager at Alternum Capital and MMI Group. In the end of 2004 Mrs. Svetelik returned to the Kiev office of MFK Investment Bank as an Institutional Sales Manager.

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Denis Ursulyak has been Senior Vice President of the Bank For Foreign Trade (Vneshtorgbank) since June 2004.
In 1985, Mr. Ursulyak graduated from the Moscow Financial Institute. Prior to joining Vneshtorgbank in 1999, he was Chief Representative at the London Representative Office of Mezhcombank in 1996-1998. From 1992 till 1996 he was General Manager in the International Company for Finance and Investments.

Between 1985 and 1992 he was Manager of Treasury with the Bank of Foreign Economic Affairs of the USSR.

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Oleg Vyugin was born on 29 July 1952. He graduated from the Department of Mechanics and Mathematics at Moscow State University in 1974. In 1977, he completed his graduate studies in physics and mathematics at Moscow State University.

Mr. Vyugin began his career in 1978 working as an academic and also worked at various economic research institutes. From 1980 to 1989, he was a senior researcher at the All-Union Research Institute for Trade and Consumer Demand.

From 1989 to 1993, he was Chief Researcher at the Russian Academy of Sciences’ Institute of Economic Forecasting.

In 1993, Mr. Vyugin was appointed Head of the Macroeconomic Policy Department at the Russian Ministry of Finance. In 1994, he became a member of the board of the Ministry of Finance. In 1996, Mr. Vyugin was appointed Deputy Minister of Finance, and, in 1999, he became First Deputy Minister of Finance. During this time, he was in charge of Russia’s macroeconomic and fiscal policy and the administration of Russia’s internal and foreign debt.

In 1999, Mr. Vyugin joined the investment company Troika Dialog as Executive Vice President.

In 1997, he was a member of the Russian Government’s Commission on Economic Reform. From 1997 to 2000, Oleg Vyugin served on the board of the Federal Commission for the Securities Market and the Supervisory Board of the National Securities Market Association (NSMA).

In 2002, he was appointed First Deputy Chairman of the Central Bank of Russia, where he was responsible for monetary policy.

On 23 March 2004, Mr. Vyugin was appointed Head of the Federal Service for Financial Markets (FSFM).

Oleg Vyugin is a member of the boards of the Ministry of Finance and the Ministry of Economic Development and Trade. He is also a member of the Council for Competitiveness and Entrepreneurship within the Russian Government, the Foreign Investment Advisory Council, and the Russian Government’s Commission for Issues Relating to the WTO and Collaboration with the OECD. In addition, he is a member of the Supervisory Board at Vneshtorgbank.

Oleg Vyugin is the author of over twenty academic publications on the theory of probability and macroeconomic model building.

Mr. Vyugin’s appointment as Head of the Federal Service for Financial Markets was widely supported by local market participants and the international business and investment community. Mr. Vyugin is held in high regard for his successful track record in both the public and private sectors. In October 2004, the Kommersant Publishing House and the Russian Managers Association honored Mr. Vyugin for his distinguished career in government and business.

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Graduated from Columbia University, New York and attended Stern School of Business, New York University. From 1989 to 1991 worked as management Consultant at Andersen Consulting. He started his own company in 1991 and then joined Coopers & Lybrand, Moscow in 1993. He was Chief Operations Officer for Republic National Bank of New York, Moscow from 1996 to 1998. Joined Parex banka in 1998, as Vice President of Parex banka, with responsibility for capital markets and investment banking.

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Mr. Jorge Zukoski is the President of the American Chamber of Commerce in Ukraine (AmCham) a very active non-government non-profit business organization based in Kyiv. One of the American Chamber of Commerce’s principle activities is to represent the foreign investment community operating in Ukraine as well as to facilitate the entrance of potential new investors into the market. The American Chamber of Commerce advocates on behalf of its Members to the Ukrainian as well as the other governments who are economic partners of Ukraine on matters of trade, commerce, and economic reform. Today the AmCham consists of close to 450 Member organizations and represents many of the largest multinational companies operating in Ukraine with a majority of the foreign direct investment.

The American Chamber of Commerce in Ukraine is a Member of the U.S. Chamber of Commerce in Washington D.C. as well as an active member of the European Council of American Chambers of Commerce (ECACC) which unites American Chambers of Commerce from all ‘old’ European countries as well as the new accession States. Mr. Zukoski currently serves on the Executive Committee of the Board of Directors of ECACC.

Mr. Zukoski, an American citizen of Venezuelan and Polish descent, received his Master’s of Business Administration in international management from the Hankamer School of Business at Baylor University (Texas, USA). He lived and worked in Mexico City and the Cayman Islands in investment banking and private equity investments prior to arriving in Ukraine in 1996.

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