Speakers

Iosif Bakaleinik, First Vice-President
Member of the Executive Board
Head of Economics and Finance (since 1997).
TNK

Iosif Bakaleinik, born on Dec. 2, 1951, Chief Financial Officer, Member of the Tyumen Oil Co’s Management Board since 1997.

His career began in 1978 after receiving a Ph.D. from the Moscow State University, and holding several positions at Soviet research institutes. After five years in research, Iosif moved to the industry. In 1983 he joined the Vladimir Tractor Plant, first as the Head of the Planing Department, and six months later he was promoted to the position of CFO, Deputy General Director. Mr. Bakaleinik supervised finance, business planing, budgeting, and the compensation program. He directed the company’s transition to self-financing and self-management under Gorbachev’s economic reform. He modified the management system by introducing the concept of business centers. He managed issuance of company’s bonds – the first public offering of business securities in the USSR.

After graduating with honors from Harvard Business School in 1992, Mr. Bakaleinik joined the International Finance Corporation in Washington, DC. His experience there included project finance work in Russia and South-East Asia. In 1992-93 he was seconded to the Russian Government as a special advisor on direct foreign investment.

In 1994, Mr. Bakaleinik returned to the Vladimir Tractor Plant, now privatized, as CEO and Chairman of the Board. He led the development and implement of a turn-around plan for this major Russian company (10 000+ employees). This effort involved financial, organizational, and operational restructuring.

In 1997, Mr. Bakaleinik accepted the position of First VP and CEO in Tyumen Oil Co. In this position, he has overall responsibility for financing, budgeting, tax planing, accounting, and MIS at this $2 bln. Company. He also remains Chairman of the Board at the Vladimir Tractor Plant. In October 2000, Mr. Bakaleinik was elected an Advisory Director of Bank of Oklahoma, National Association.

Kasper Bartholdy, Managing Director
Credit Suisse First Boston

Kasper Bartholdy is a Managing Director and is CSFB’s Chief Economist for Emerging Markets in Europe, the Middle East and Africa, based in London. Before he joined the firm in 1996, Mr. Bartholdy was Lead Economist at the European Bank for Reconstruction and Development in London from 1991-1996. Prior to this, he was a Country Economist with the International Monetary Fund in Washington from 1986-1991. Mr. Bartholdy began his career as a Management Consultant with Bisballe Planning in Denmark from 1984-1986. Mr. Bartholdy graduated from the Universities of Copenhagen and Aarhus with Masters degrees in Economics, Computer Science and Journalism.

Dr Yuri Beilin, President
YUKOS-Exploration & Production, Member of the Management Committee

Dr. Yuri Arkadievich Beilin is President of YUKOS Exploration and Production and a member of the Management Committee of YUKOS Oil Company.

Dr. Beilin played a pivotal role in designing YUKOS’ corporate restructuring plan after privatization, together with a range of foreign consultants, and in implementing the company-wide growth strategy over the past two years. YUKOS E&P achieved the highest growth rate of 11.4% in the oil industry last year.

Dr. Beilin held a series of industrial planning positions before coming to YUKOS in 1996 to head the company’s Engineering Center. He worked as research director for the ALTA Group in Pittsburgh, Pennsylvania, from 1991 to 1992. He joined Rosprom in 1994, working initially as an investment expert and later headed Rosprom’s technical policy department.

Dr. Beilin graduated from the Moscow Institute of Light Chemical Technology. He earned his Ph.D. in 1990 from the State Research and Design Institute for the Rare Metal Industry. Dr. Beilin was born in 1962.

Kakha Bendookidze, Director General
United Heavy Machinery

K.A.Bendookidze has been the Director General of United Heavy Machinery (Uralmash-Izhora Group) since 1998, in 1996-1998 he was Chairman of the Board of Directors of this Company.

Starting from 1996 K.A.Bendookidze has been Chairman of the Board of Directors of the "Uralmash" Joint-Stock Company. In year 2000 he has been appointed the Director General of Uralmash.

Since 1992 till the present time K.A.Bendookidze has been Chairman of the Board of the Industrial & Trade Bank, one of top 100 Russian banks.

From 1986 to 1991 K.A.Bendookidze worked as Head of Laboratory of the Biotechnology Research Institute of the Ministry of the Medical and Biological Industry of the USSR, in 1981-1985 he was a Research Fellow in the Institute of Biochemistry and Physiology of the Microorganisms of the USSR Academy of Sciences.

K.A.Bendookidze graduated from Tbilisi State University (Department of biology) in 1977 and in 1980 completed postgraduate study at the Moscow State University.

K.A.Bendookidze was born on the 20 April 1956 in Tbilisi. He is married to Natalia Yu.Zolotova.

Vladimir L Bogdanov, President
Surgutneftegas

V.L.Bogdanov was born in Tumen region, on May 28, 1951.

In 1973 he graduated from the Tumen Industrial Institute and was awarded a diploma of a mining engineer. In 1990 Mr Bogdanov graduated from the Academy of National Economy then under the auspices of the USSR Council of Ministers.

In 1984 at the age of 33 he was appointed Director General of Production Association “Surgutneftegas”. Since 1993 V.L.Bogdanov has been President of oil company “Surgutneftegas”. In 1995 he became a member of the Academy of Mining Sciences of Russia. He is Ph. D. of Economics. He is a deputy of the Khanty-Mansiisk Autonomous Territory Duma. V.L.Bogdanov was awarded government orders and medals.

William F Browder, Managing Director
Hermitage Capital Management, Moscow

Mr. Browder is the Managing Director and founder of Hermitage Capital Management, a fund management company that specializes in the Russian and C.I.S. equity market. HSBC is a major shareholder and partner in Hermitage Capital Management. Hermitage Capital Management currently has approximately $475 million under management. Mr. Browder was featured in such publications as Financial Times and Business Week as one of the world’s most successful fund managers in 1996 and 1997. Net Asset Value per share of The Hermitage Fund, launched in April of 1996, increased 235% during 1997. The Hermitage Fund was ranked number one in the world by such International rating and information firms as Lipper Analytical Services, Micropal Emerging Market Fund Monitor, Nelson Information and Managed Account Report. Clients of Hermitage consist primarily of investment institutions and high net worth individuals.

Prior to joining Hermitage, Mr. Browder was a Vice President at Salomon Brothers from 1992-1995 where he co-managed the Salomon Brothers Russian equity portfolio. In 1991 Mr. Browder served as a Vice president of the Maxwell Central & East European Partnership where he was responsible for a portfolio of private equity investments in Eastern Europe and the C.I.S. From 1989-1991, Mr. Browder was a Management Consultant within the east European practice of the Boston Consulting Group in London.

Mr. Browder received his MBA from Stanford Business School, and his BA in Economics with highest honors from the University of Chicago.

Mr. Browder currently resides in Moscow.

Michael Calvey, Managing Partner
Baring Vostok Capital Partners

Michael Calvey is the Managing Partner and a member of the Board of Directors of Baring Vostok. Mr. Calvey has been working full time in Moscow on the NIS Fund since its inception in 1994 as the co-manager of the fund. He currently sits on the Board of Directors of five of the NIS Fund’s portfolio companies. Prior to the launch of the NIS Fund, Mr. Calvey was part of the team within Sovlink which originated, structured and implemented the acquisition and subsequent sale of a substantial block of shares in Chernogorneft, a privatized Russian oil production company. Prior to this Mr. Calvey worked at the EBRD and Salomon Brothers, where he was responsible for project finance and corporate finance in the oil and gas sector. Mr. Calvey has an MSc in Finance from the London School of Economics and BBA from Oklahoma University, and is an intermediate Russian speaker.

Jason Downes, General Director
RU-Net Holdings

Jason Downes serves as General Director of ru-Net Holdings, is actively involved in the development of all ru-Net’s activities and sits on the Boards of ru-Net’s first two investments, Yandex and Ozon. From 1998 he was Vice-President, Investment Banking at United Financial Group where he focused on private equity advisory and led UFG’s entry into the Internet sector by co-founding ru-Net Holdings.

Prior to UFG, he worked at Renaissance Capital, Moscow as Vice-President, Investment Banking in Equity & Debt Capital Markets where he completed Russia’s first international style rights-issue. Before coming to Russia he was Assistant Director at Credit Lyonnais Securities from 1994-97, and from 1991-94 he worked as Systems Analyst, Project Manager and Applications Programmer in Derivatives Decision Support at Union Bank of Switzerland.

Mr. Downes is 32 and studied Actuarial Science at The City University in London.

James Fenkner, Chief Strategist
Troika-Dialog

James Fenkner is recognized as a foremost strategist in Russian equity markets and an authority on corporate governance issues. Over the last two years, his Model Portfolio has outperformed all Russian indexes by at least 150 per cent, earning him an impressive following among clients. Prior to joining Troika, he was Director of Research at AIOC Capital and earlier at Flemings, where he managed the Russia portfolio.

Alex Knaster, CEO
Alfa Bank

Alexander Knaster is Chief Executive Officer of Alfa Bank, Russia’s largest privately owned bank.

Mr. Knaster has over 15 years of experience in the banking industry, having worked for Credit Suisse First Boston, Deutsche Morgan Grenfell, Bankers Trust Company, and Simmons & Company International.

Prior to joining Alfa Bank in mid-1998, Mr. Knaster worked for over three years as President and Chief Executive Officer of Credit Suisse First Boston (Moscow), responsible for the firm’s operations in Russia and the CIS.

Prior to beginning his career in investment banking, Mr. Knaster spent three years with Schlumberger, Ltd. as an engineer working on offshore oil rigs in the Gulf of Mexico.

Mr. Knaster holds a PhD degree in Economics from the Russian Academy of Science, M.B.A. from Harvard Business School and BS in Electrical Engineering and Mathematics from Carnegie-Mellon University.

Mr. Knaster is a Chartered Financial Analyst and a member of International Society of Financial Analysts and National Association of Petroleum Industry Analysts. Mr. Knaster is a Director of Golden Telecom, Inc., a publicly held company, traded on NASDAQ.

Robert Langer, Partner
Akin, Gump, Strauss, Hauer & Feld LLP

Robert E. Langer is a partner in the corporate practice group of Akin, Gump, Strauss, Hauer & Feld, L.L.P. in New York. He recently transferred from the Moscow office, where he was the senior resident partner. Prior to joining Akin Gump, Mr. Langer was the managing partner of Chadbourne & Parke, L.L.P. in Moscow.

During his ten years as a lawyer in Russia, Mr. Langer advised Russian and foreign companies in structuring strategic and portfolio investments in Russia and the former Soviet Union, and assisted Russian companies in raising capital on foreign debt and equity markets. His clients include Russian and multinational companies, commercial banks, financial institutions, international development funds, major international investment banks and lending institutions, emerging market funds and securities houses. Mr. Langer is one of the lead attorneys on most financings involving Russian entities and on debt offerings by Russian entities and municipalities, and is generally responsible for the drafting or review of Akin Gump's legal opinions in connection with Russian transactions.

Mr. Langer received his B.A. with high honors in Russian and East European studies from the University of Michigan in 1982 and his J.D. magna cum laude in 1989 in Soviet and comparative law from Tulane University Law School, where he was a member of Order of the Coif. He did his master’s work in Russian Language and Literature at Norwich University Russian School. In 1985-86 he was a visiting scholar of international law at the Institute of State and Law of the USSR Academy of Sciences under a joint grant from the USSR Government and the U.S. Information Agency. Mr. Langer writes extensively and is a frequent speaker at conferences and universities on legal developments in Russia and the CIS.

Eugene K. Lawson, President
US-Russia Business Council

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 1998, 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.

He is the author of two books about China, U.S.-China Trade: Problems and Prospects, and The Sino-Vietnamese Conflict. He has also published numerous magazine and newspaper articles about international trade issues.

James Nail, Director of Research
Aton Capital

Jim Nail joined Aton Capital in September 2000, upon completing a master’s degree at Harvard University. Prior, Mr. Nail headed Russia and Eastern Europe investments for Soros Fund Management in London. Mr. Nail’s experience in Russia dates back to the Soviet times, when he set up a joint venture with the Soviet Academy of Sciences on behalf of the Economist Intelligence Unit (EIU). He took over as head of EIU Eastern Europe operations in 1993. In 1995 he was invited to set up the Russian research desk for Deutsche Bank in Moscow, where he remained until moving to Soros in 1997. Mr. Nail holds a bachelor’s degree from University of California at Berkeley and a masters degree from Harvard University.

Mikhail Noskov, CFO
Severstal

Born in 1963. Graduated from Moscow Finance Institute in 1986. In 1989 - 1993 worked at International Moscow Bank. In 1994 moved to Credit Suisse (Moscow) serving as Head of Trade Finance Department and later as Director of Trade Finance.

In February 1997 appointed Head of Corporate Finance at Severstal (Cherepovets). In February 1998 appointed Chief Financial Officer of the company. Member of the Board of Directors and Executive Board of Severstal.

Vassili Pachkovski, Deputy General Director
NovosibirskElectrosvyaz

Vassili Pachkovski, was born on 13 January 1933 in Tomsk Region of Russia.

After secondary school he finished a technical school in Tomsk and worked as an electrician and communication engineer since 1951 till 1953.

1953 – 1957 – service in the Navy, simultaneously graduated from the Zhdanov Military-Political Higher School in Leningrad.

Since 1960 he has been working at the Novosibirsk Telephone System, at first as an engineer, then as a Head of a Division, Senior Engineer, and since 1972 as the Head of Novosibirsk City Telephome System.

In 1967 he graduated from Novosibirsk Electro-Technical Institute of Communications.

Mr Pachkovski is married with two children and three grand-children.

Thomas D Sanford, Vice President
Bank of New York

Mr. Sanford manages the Corporate Services Department of the Depositary Receipts Division responsible for structuring, establishing and administrating all ADR and GDR programs for companies located in Central Europe, Eastern Europe, Russia and other countries in the C.I.S., the Middle East and Africa. Mr. Sanford managed many “first”emerging market transactions, has authored numerous articles and chapters on Depositary Receipts and lectures frequently at symposiums and universities.

Mr. Sanford joined The Bank of New York in 1972. Before joining the Bank he was an officer in the U.S. Navy.

Mr. Sanford received a Bachelor of Arts and a Masters in Business Administration from Columbia University.

Marcelo Selowsky, Chief Economist - Europe and Central Asia Region
The World Bank

Marcelo Selowsky is the Chief Economist of the Europe and Central Asia Region of the World Bank, covering all transition countries in Europe and the CIS. Mr. Selowsky was an assistant professor of economics at Harvard and joined the Bank in 1973. He has published extensively in areas such as human resources, debt and macroeconomic issues. Prior to has present job, Mr. Selowksy was the Chief Economist of the Latin American and Caribbean Region at the World Bank.
Mr. Selowsky obtained his Ph.D. In Economics from the University of Chicago.

Alexei Shevtsov, President & CEO
Ormeto-Yumz Heavy Engineering

Alexei Shevtsov is President of ORMETO-YUMZ HEAVY ENGINEERING (South Urals Engineering Works), one of Russia’s leading engineering companies.

He was formerly a senior research fellow at the USA and Canada Research Institute of the Academy of Sciences, and was later employed as Head of the Stocks and Securities Department of ONACO oil company and as President of Petrolenburg Investment House. From 1997 to 2000 he was Chairman of the Board of Directors of the South Urals Engineering Works.

Alexei Shevtsov is a graduate of the Economics Department of Moscow State University, holds a Ph.D. in Economics and is the author of a series of articles on the subject of stocks, securities and investment funds.

Dimitri Simes, President
The Nixon Center

Dimitri K. Simes is President of The Nixon Center. An expert on U.S.-Russian relations, Mr. Simes was selected to lead the Center by President Nixon, to whom he served as an informal foreign policy advisor and with whom he traveled four times to Russia, as well as other European states. Mr. Simes’ most recent book is After the Collapse: Russia Seeks its Place as a Great Power (Simon & Schuster, 1999).

Stephen O’Sullivan, Head of Research
United Financial Group

Stephen O’Sullivan is head of the Research Department and the Oil and Gas team. He has nineteen years of experience in the energy industries, the last nine of which have been focused on Russia.

Mr. O’Sullivan joined UFG in 1998 from MC Securities, where he was head of Research covering the oil, gas and utility sectors in Russia, Ukraine and Eastern Europe. He is a regular speaker at conferences and industry gatherings and has advised a number of major oil companies on investment strategies in Russia.

Mr. O’Sullivan worked for five years as an energy consultant in Russia, Central Asia, the Far East, the Middle East and Southern Africa. His work involved the valuation and privatization of state oil companies in China, South Africa and Israel, as well as economic evaluations of oil and gas investments in Siberia, the Volga-Urals region and Kazakhstan. He spent three years with the French oil company Total on exploration and natural gas activities in Europe and five years with BP as an oil trader, economist and corporate planner on Asia.

Mr. O’Sullivan was ranked the number 2 Emerging Europe oil and gas analyst in 1996, 1997 and 1998, and his research team was rated number 2 in Russia by Institutional Investor in both 2000 and 2001, the number 1 country team in 1997 and number 3 in Emerging Europe in 1996. Since joining UFG, he has been ranked the most influential foreign analyst on the Russian market and the number 3 oil and gas analyst across the Emerging Europe, Middle East and Africa region.

Nikolai Tsvetkov, President
IBG NIKoil

Mr. Nickolai Tsvetkov as president of the NIKoil Investment Banking Group since 1998 has been responsible for establishing its present position as one of the leading players in the Russian capital markets.

Under his management the company has not only weathered the turbulence on Russian financial markets but has emerged as Russia’s best capitalized financial institution and a top RTS market maker.

NIKoil presently enjoys the confidence of investors both in Russia and abroad and has consistently expanded the range and depth of the services it offers to its clients.

A financier, banker and economic scientist Mr Tsvetkov's breadth vision and depth of knowledge in both finance and the oil and gas industries have been crucial to the company’s success.

Before taking the helm at NIKoil he held a number of key executive positions at Russian oil major LUKoil from 1994 to 1998 including director of finance and investment.

Born in 1960 Mr .Tsvetkov earned a Master’s degree in Marketing and Economics from the Plekhanov Russian Academy of Economics and served as an officer in the Airforce from 1977 until 1994. He is married and has two daughters.

Mattias Westman, Fund Manager
Prosperity Capital Management

Mattias Westman is a partner of Prosperity Capital Management. He is the principal Fund manager for The Russian Prosperity Fund, The Prosperity Cub Fund and The Prosperity Quest Fund. He has held this position since 1996. Prior to funding Prosperity Capital Management Mr. Westman, in 1994, set up the Russian department of Alfred Berg FK, a Swedish Investment Bank, now part of ABN Amro Equities. He has also worked as an institutional salesman of Swedish Equities For Hagstromer & Qviberg. Mr. Westman holds an MBA from The Stockholm School of Economics. He speaks Russian and has lived in Moscow with his family since 1997.

David J Wisher, CFO
Golden Telecom

David J. Wisher assumed the role of Chief Financial Officer of Golden Telecom, Inc. (GTI) in June 1999. Prior to the formation of GTI, Mr. Wisher was the Vice President-Finance – Global TeleSystems Group, Inc.- CIS from January 1997 through June 1999. Mr. Wisher started his career in 1979 at Price Waterhouse - Chicago as an auditor. Subsequently, he held various positions at Morton Thiokol, a manufacturer of specialty chemicals, salt, and rocket propulsion systems, Pansophic Systems, Inc., a large Chicago based software company that was acquired by Computer Associates in 1991, and M~Wave, Inc., a manufacturer of high frequency microwave components where he completed his first IPO as Chief Financial Officer in 1992. From 1992 through 1996, Mr. Wisher was the Assistant Controller for Andrew Corporation, a telecommunications equipment manufacturer that has made extensive investments in Russia. Mr. Wisher has a BA in Accounting, and is a Certified Public Accountant.

Alexander Zurabov, First Deputy General Director & CFO
Aeroflot

Alexander Zurabov was born in 1956.

Diploma in Economic Cybernetics, Moscow Institute of Management, 1977.
P.H.D., Institute for Merchant Marine, 1986.
Diploma in International Economics, Russian Academy for Foreign Trade – 1989.
1991-2000 - the member of the Board, Konversbank; CEO and Chairman, Trust and Investment Bank; President, CEO and Chairman, Bank MENATEP; CEO, Russian Standard Bank.

Since July 1999 Alexander has been the 1st Deputy General Director, Aeroflot-Russian Airlines.

Alexander is married and has two children.