#1 Investment Company in Armenia

Qualifications summary

— Dynamic contemporary leader able to bring about innovation and change.
— Young, yet established investment professional with nearly a decade of executive level management experience.
— Combines versatile industry knowledge with strong strategy capabilities.
— Corporate executive governed by high ethical standards and strong sense of social responsibility.
— Performance-oriented professional with a significant record of delivering tangible results.
— Has inspiration and ability to make positive changes in the system and infrastructure.
— Likes to lead teams to shared successes.
— Excellent communicator, always available and willing to exchange ideas.
— Deeply committed patriot working to contribute to the country’s economic growth.
— Holds PhD in Economics.
— Speaks Armenian, English, Russian.

Career

— Chief Executive Officer of ARMBROK since July 2004.
— Partner for Capital Markets, Transactions & Strategy in MB Consulting firm since March 2021
— Supervisory Board member of Inecobank cjsc since September 2020.
— Founding shareholder and Board member of Glocal Asset Management since 2017.
— Board member of Ani Holding since 2015.
— Between December 1999 and July 2004 worked at ARMBROK (then ARMENBROK) in various roles (including Assistant CEO, Head of Internal Supervision, Head of Internal Audit).
— In 2007-2008 was a Member of the Supervisory Boards of the Armenian Stock Exchange and the Central Depository of Armenia.
— In 2010-2014 delivered lectures at the Russian-Armenian (Slavonic) State University.

Education

- 2000–2005 — Academy of National Economy under the Government of the Russian Federation, Moscow, Russia
 

Professional Interests

- asset management,
- securities and forex trading, 
- investments/alternative investments,
- strategy,
- business development, 
- business valuation, 
- hedging.

Career­

- Partner, Head of Asset Management and Brokerage at Armbrok Investment Company (May 2022 - present)
- Head of Trading at Alfa Capital, Moscow, Russia (Sep 2019 - Apr 2022)
- MD, Global Head of Repo & SLBMD at BCS, Moscow, Russia (Aug 2011 - May 2019)
- MD, Head of Repo at Bank of Moscow, Moscow, Russia (Mar 2010 - Aug 2011)
- Repo trader at Troika Dialog, Moscow, Russia (Jul 2007 - Mar 2010)

Education
- 1999–2004 — Department of Financial Accounting, Yerevan State Economic
Institute
 

Additional qualifications

-  Holds PhD degree in economics.

- Holds CBA qualification to act as the head of internal audit department of investment company and foreign investment company branch.

- Holds CBA qualification to act as the head or member of the Supervisory Service or other such body.

- Participated in several conferences and professional training courses on International Financial Reporting Standards (IFRS) and internal audit, both in Armenia and abroad.

Career

- 2010–2012, 2016 up to date — CEO, Business Kartughar Ltd.
- 2008 up to date — Head of Internal Audit department, Armbrok OJSC
- 2013 — Assistant at the Chair of Banking and Insurance, ASUE
- 2004-2008 — Head of Internal Regulations Department, Armenbrok OJSC
- 2006–2007 — Vice President of the Regulatory Commission, Armenian Stock
Exchange
- 2003–2004 — Head of Internal Audit Department, IT BrokDilTrust Ltd.
- 2002–2003 — CEO, IT BrokDilTrust Ltd.

Education

— 2001-2006 - Environmental Economics of the General Economic Faculty,
— Yerevan State Economic Institute
 

Additional qualifications
— Holds CBA qualifications of a leader and a member of the executive body in investment companies and a branch of a foreign investment company, as well as a deputy executive director.

— Holds certificates from Harvard Business School Online certificate programs on "Organizational Leadership" and "Negotiation Mastery".

— Participated in several professional training programs in Armenia and abroad held by various organizations including New York Institute of Finance and Austrian Institute of Economic Research.

Sercices
— Receives and communicates assignments regarding securities transactions from clients
— Executes securities transactions on own behalf or on behalf of the client and at the expense of the client
— Executes transactions with securities at own expense and own behalf
— Provides services related to the organization of issuance and placement of securities
— Manages depositing of securities

Career

— 2015 up to date - Deputy CEO, ARMBROK OJSC
— 2010-2015 - Head of Trading Department, ARMENBROK OJSC
— 2007-2010 - Economist-Analyst/Broker-Cashier, ARMENBROK OJSC
— 2006-2007 - Economist-Analyst, ARMENBROK OJSC

Education

— 1999-2004 Armenian State University of Economics majoring in Capital Market
— 2004-2007 Russian-Armenian University (Postgraduate Studies, PhD)
— 2008 Swiss Finance Academy (Training in Investment Banking & Corporate Finance)

Additional Qualifications

— Holds PhD in Economics
— 2011 Level III CFA Candidate

Career

— Chief Financial Officer at Armbrok (May 2022 to present)
— Chief Financial Officer, MMG Gold Limited (2016-2022)
— Head of Representative Office in Armenia, SEAF Caucasus Growth Fund (2011-2015)
— Head of Research, Armenbrok ojsc (2007-2011)
— Financial Research Specialist, FSDP Program (2006-2007)

Education

2018-2020 - Yerevan State University, majoring in Accounting and Audit (Master's degree)
2004-2008 - Yerevan Pedagogical University (Bachelor's degree)

Additional Qualifications

Qualification of expert accountant and auditor from the Chamber of Auditors and Expert Accountants of Armenia
Student member of the Association of Chartered Certified Accountants (ACCA)
Participate in numerous trainings on various accounting and audit related topics.

Professional Memberships

Member of Chamber of Auditors and Expert Accountants of Armenia
Public Activities

Member of the Control and Audit Commission of the Chamber of Auditors and Expert Accountants of Armenia

Career

— Chief Accountant, "Armbrok" ojsc (September 2023 to present)
—Head of Financial Accounting and Reporting Department, "ACBA Bank" ojsc and Chief Accountant, "ACBA Federation" cjsc (2022-2023)
— Head of Financial Department / Chief Accountant, "SOS Children's Villages" Armenian Charity Foundation (2020-2022)
— Auditor, "Credit Corp" Universal Credit Organization (2020-2022)
— Lecturer, Chamber of Auditors and Expert Accountants of Armenia (2015-2022)
— Senior Auditor, then Head of Audit of the Financial Insitutions Audit Department, "Grant Thornton" cjsc (2014-2020)
— Senior Auditor and Accounting Services Manager for Armenian financial and non-financial institutions, "AN Audit" cjsc (2011-2014)
— Chief Accountant at various Armenian companies (2008-2014).

Education

— 2012 - 2015 London School of Economics and Political Science (LSE), London
— 2011 - 2015 Higher School of Economics, Moscow
 

Professional Interests

— investments,
— research, 
— financial analysis,
— financial modelling,
— portfolio management. 

Career

— Chief Investment Officer at Armbrok Investment Company (Oct 2023 - present)
— Portfolio Manager, Central Bank of Armenia (Jan-Sep 2023)
— Head of Fixed Income, General Invest AG, Switzerland (Dec 2019 - Jun 2022)
— Portfolio Manager, General Invest AG, Switzerland (Oct 2017 - Dec 2019)
— Portfolio Manager, Promsvyazbank, Russia (May-Sep 2017)
— Fixed Income Junior Portfolio Manager, FG BCS (Sep 2015 - Apr 2017)
— Assistant on Project, Boston Consulting Group (BCG) (Oct - Dec 2014) 

Education

— Moscow Technical University of Communications and Informatics

Career

— Chief Technology Officer at Armbrok Investment Company, Yerevan, Armenia (Mar 2023 - present)
— Project Manager, Terralink, Moscow, Russia (2022 - 2023)
— Software Developer, Voentorg OJSC (2021 - 2022)
— IT Manager, Mosstroytrans Corporation, Moscow, Russia (2019 - 2021)
— Director, Troika Driver, Moscow, Russia (2017 - 2019)
— Sector Head, Sber, Moscow, Russia (2014 - 2017)
— Deputy Head of Depository, Troika Dialog Group, Moscow, Russia (1996 - 2014)

Education

— 2003 - 2006 Rostov State Economic University (RINH), PhD.

Career

— Individual Sales Manager, Armbrok Investment Company, Yerevan, Armenia (Sep 2022 - present)
— Director, Credit Suisse, Moscow, Russia (Mar 2021 - Jun 2022)
— Head Of Sales (Private Clients), BCS Global Markets, Moscow, Russia (Feb 2019 - Mar 2021)
— Branch Manager, BCS Ultima, Sverdlovsk Region, Russian Federation (Jan 2015 - Jan 2019)
— Head Of Department, ATON, Moscow, Russia (May 2012 - Nov 2014)
— Branch Manager, Bank Troika Dialog OJSC, Yekaterinburg, Sverdlovsk, Russia (2003 - 2012)
 

Education
— 2004-2010 - International Relations, YSU

Additional qualifications

— Holds qualification of the Union of Banks of Armenia to act as Investment
— Services Providing Individual-Custodian.

—Holds certificates to provide a full range of services of an account operator and the Unified Securities Settlement System (DEPEND) and a member of the Regulated Market Accounting System provided by the Central Depository of Armenia OJSC.
 

Services
— Custody
— Registry keeping

Career

— 2013 to present - Head of Depositary Services Department, ARMBROK OJSC
— 2011-2013 - Custodian, ARMENBROK OJSC

Education
— 1999-2004 - Financial Accounting, Yerevan State Economic Institute

Additional qualifications
— Holds a PhD degree in Economics.

— Holds qualification from Union of Banks of Armenia to act as a dealer in or on behalf of an investment service provider.
 

Services

— Executes transactions with securities at own expense and on own behalf
— Provides services related to the organization of issuance and placement of securities

Career

— 2009 to present - Chief Dealer, Armbrok ojsc
— 2019 up to date - member of Professional Council 014 in Economics, ASUE
— 2019 up to date - Scientific Council member, ASUE
— 2018 up o date - Professor, ASUE
— 2007 up to date - Assistant lecturer at the Securities Market department,
ASUE
— 2009 - Financial Adviser, ARMENBROK OJSC
— 2008 - Head of the Operations Department, Private Invest CJSC
— 2007-2008 - Operations Department Senior Specialist, Private Invest CJSC
— 2007 - Head of Securities Department, Private Invest CJSC
— 2007 - Member of Disciplinary Committee, AMX
— 2006-2007 - Head of Internal Audit Department, Private Invest CJSC
— 2005-2006 - Securities Dealer, ArmEconomBank OJSC

Qualifications summary

— Moscow State Institute of Radio Engineering, Electronics and Automation (Technical University)

Career

— Trading Department Manager, Armbrok Investment Company, Yerevan, Armenia (Oct 2022 - present)
— Equity Sales Trader, Sinara Investment Bank, Moscow, Russia (May 2021 - Oct 2022)
— Equity Sales Trader, Bank Otkritie Financial Corporation, Moscow, Russia (Feb 2017 - May 2021)
— Equity Sales, Rye, Man and Gor Securities (RMG), Moscow, Russian Federation (Jan 2008 - Jan 2016)
— Equity Sales Trader, Ak Bars Holding, Moscow, Russia (May 2007 - Dec 2007)
— Wealth Management Advisor, Renaissance Capital, Moscow, Russia (Nov 2006 - Apr 2007)
— Citigold Executive, Citi, Moscow, Russia (Oct 2005 - Nov 2006)

Qualifications summary

— 2000-2004 State University - Higher School of Economics, Moscow, Russia, Bachelor's degree

Career

— Global Financial Markets Senior Analyst, Armbrok Investment Company, Yerevan, Armenia (Sep 2022 - present)
— Head of Fixed Income Credit Analysis / Data analytics, Asset management department, Alfa Capital, Moscow, Russia (Jul 2017 - Aug 2022)
— Deputy director - Mergers and acquisitions, Otkritie, Moscow, Russia (Oct 2013 - Jan 2017)
— Vice President, Corporate Finance, National Bank Trust (Jun 2008 - Oct 2013)
— Senior Consultant, Ernst & Young (2007 - 2008)
— Audit consultant, PwC (2005 - 2007)