II Conference Capital Markets Armenia

Stefan Lucas is the Founding CEO of FinTech Armenia. He is an experienced FinTech Digitization leader with 15+ years experience building and scaling innovative firms in...

Stefan Lucas is the Founding CEO of FinTech Armenia. He is an experienced FinTech Digitization leader with 15+ years experience building and scaling innovative firms in the Markets, Trading, Insurance and Exchange industries. Stefan is a FinTech industry veteran, with an impressive diverse corporate digital transformation background. He also actively contributes to charities, mentors startups and lectures on FinTech and Digitization. In his spare time, Stefan plays golf off scratch, and competes in chess and tennis.

Konstantin Polyak is the director of the Swiss multi-family office, Toledo Capital. He is responsible for creating wealth planning and wealth management solutions for clients...

Konstantin Polyak is the director of the Swiss multi-family office, Toledo Capital. He is responsible for creating wealth planning and wealth management solutions for clients from the CIS countries and Israel. He holds a master's degree from the University of St. Gallen.

Chairman of the Board of Directors of CJSC "Unibank". Graduated from Yerevan State University of Architecture and Construction in 2003. Has been working at "Unibank"...

Chairman of the Board of Directors of CJSC "Unibank". Graduated from Yerevan State University of Architecture and Construction in 2003. Has been working at "Unibank" since 2004, progressing from a specialist to the Chairman of the Board of the bank. Has extensive experience in the banking sector.

Ruben Albertovich Arutyunyan is the Founder and Chairman of the Board of Directors of HENDERSON Fashion Group. His entrepreneurial career includes serving as the director...

Ruben Albertovich Arutyunyan is the Founder and Chairman of the Board of Directors of HENDERSON Fashion Group. His entrepreneurial career includes serving as the director of the brokerage firm "ORION" at the Armenian Commodity and Raw Materials Exchange in Yerevan from 1991 to 1992, and relocating to Moscow in 1993 to establish and manage the HENDERSON Fashion House. About HENDERSON Fashion Group: For over 30 years, HENDERSON Fashion House has offered men elegant and stylish clothing for work and leisure in the Affordable Luxury and Premium segments. The HENDERSON collection includes a full range of men's wardrobe essentials – Formal, Smart Casual, Casual, Active & Homewear, as well as perfumes and cosmetics. The flagship stores in more than 25 cities in Russia and Armenia offer the HENDERSON Su Misura bespoke tailoring service. The entire collection is created in the design studio at the central office of HENDERSON and manufactured at over 100 high-tech factories in 15 countries in Europe, Asia, and South America. Countries producing the collection include Italy, France, Romania, Russia, Armenia, Hong Kong, China, India, Vietnam, Brazil, and others. Currently, HENDERSON Fashion Group is the largest federal network of men's fashion stores from Kaliningrad to Vladivostok. HENDERSON stores are located in over 160 major shopping centers and streets in 62 cities in Russia. In 2022, HENDERSON Fashion House entered the international market by opening its first 2 stores in the capital of Armenia. In May 2023, the company opened the Central Flagship Store of HENDERSON on Kuznetsky Most, in the historic center of Moscow. On November 2, 2023, PJSC HENDERSON Fashion Group became the first company among Russian fashion retailers to list its shares on the Moscow Stock Exchange.

Armen Arshakyan, the Chief Financial Officer of Armenia's largest company, Electric Networks of Armenia (ENA). He led and organized the implementation of ISO standards at...

Armen Arshakyan, the Chief Financial Officer of Armenia's largest company, Electric Networks of Armenia (ENA). He led and organized the implementation of ISO standards at ENA. Under his leadership in 2020, ENA received a Ba2 rating from Moody's, one notch above Armenia's sovereign credit rating, which was an unprecedented achievement. This rating remains unchanged to this day. He successfully managed and organized the raising of over $0.5 billion in loans from international financial organizations such as IFC, ADB, and EBRD. He coordinated the implementation of a 10-year, $1 billion investment program. In February 2024, he led the issuance of bonds worth 32 billion Armenian dram ($80 million), setting a new record for the Armenian market. With over 28 years of experience, he has expertise in financial consulting, valuation, and deal support, including business, investment, and asset valuation; strategy and business planning; financial modeling and forecasting; technical and economic justification and industry research; due diligence; and coordinated procedures and missions of financial audits. He is knowledgeable about International Standards on Auditing (ISAs) and International Financial Reporting Standards (IFRS). He participated in the transition to International Financial Reporting Standards. He is a consultant to the World Bank and an Advisor to the State Agency for Regulation of the Fuel and Energy Complex of the Kyrgyz Republic (Regulatory Agency). He assisted in the implementation of the Methodology for Tariff Setting and Reporting and Monitoring System Effectiveness, preparation of tariff applications according to the forms developed within the methodology (companies of the electric power, energy, and thermal sectors), review and verification of these applications, and establishment of tariffs for energy sector companies. He worked with DH Infrastructure and the Regulatory Agency on the revision of tariff setting rules and monitoring of effectiveness for both the electricity and centralized heating sectors. He developed methodologies for calculating service fees. He has been the chairman of the tariff committee of the Regional Association of Energy Regulatory Authorities for 12 years.

Eva Balasanyan - co-founder of NABIX For 14 years, she headed key divisions in the largest investment companies and banks in Russia. She was responsible for...

Eva Balasanyan - co-founder of NABIX For 14 years, she headed key divisions in the largest investment companies and banks in Russia. She was responsible for business development, development of investment products and building infrastructure. Under her leadership, Russia's first IT solution was developed and launched to automate partner sales of investment products. In 2017, together with a partner, she founded NABIX, which today is a leader in the development of IT solutions for financial companies. NABIX was recognized as the best IT company in 2022 according to the Association of Russian Banks.

Maxim's career in finance and investments spans more than 15 years including audit and due diligence for Big 4 companies, a corporate finance track with...

Maxim's career in finance and investments spans more than 15 years including audit and due diligence for Big 4 companies, a corporate finance track with Trust Bank and later Nomos Bank leading to Deputy Head of M&A position. Strong experience in public and private investment analytics. Currently holds Head of Research position in Armenia's largest broker company Armbrok.

Irina Bugdaeva joined Meta-X Markets in 2023. She has been working in the finance sector in Switzerland since 2009. From 2019 to 2023, she oversaw...

Irina Bugdaeva joined Meta-X Markets in 2023. She has been working in the finance sector in Switzerland since 2009. From 2019 to 2023, she oversaw the operations of the Swiss investment fund Symbiotics in Armenia. She holds a master's degree from the University of Geneva. At Meta-X Markets, she is involved in corporate development.

Alexander Budarin has been working at Cbonds since 2019, currently is the head of Emerging Markets content group, and also Product Owner for the...

Alexander Budarin has been working at Cbonds since 2019, currently is the head of Emerging Markets content group, and also Product Owner for the Cbonds Add-in. The area of responsibility includes the quality of coverage on Emerging Market bonds and the stability of the Add-in. Graduated with a bachelor's degree from the Central University of Finance and Economics (Beijing) in 2019, in 2021 graduated with a master's degree in Applied Economics and Mathematical Methods at the Higher School of Economics.

Konstantin Vasilyev has been with Cbonds.ru Ltd. since 2005. He currently holds a position of Department Head and a Partner with the company. His...

Konstantin Vasilyev has been with Cbonds.ru Ltd. since 2005. He currently holds a position of Department Head and a Partner with the company. His responsibilities include: providing leadership and developing strategy of his department; developing the business area of Cbonds.ru Ltd. associated with news coverage of fixed income markets; presenting the company's services at conferences and meetings with potential partners and clients; setting goals for the IT department; controlling implementation of sales plans and meeting other targets. Prior to 2007, Konstantin worked as a Eurobond Analyst. From 2002 to 2005 he was employed at investment company AVK as a marketing analyst. In 2003, he graduated from St. Petersburg State University (SPSU), Department of Economic Cybernetics, Faculty of Economics; majored as "Mathematical Economist". In 2007 he completed post-graduate studies at the Faculty of Economics, majoring in "Mathematical and Instrumental Methods of Economics". Konstantin holds a PhD in Economics; thesis: "Economic and Mathematical Modelling of Financial Bubbles in the Stock Market."

Tigran Gevorgyan started his career at The Boston Consulting Group. After graduating from The London School of Economics, he joined the Fixed Income department at...

Tigran Gevorgyan started his career at The Boston Consulting Group. After graduating from The London School of Economics, he joined the Fixed Income department at BCS Asset Management. Later, he moved to General Invest Switzerland AG as the Head of Fixed Income. In 2022, he relocated to Armenia, where he continued his career as a Portfolio Manager at the Central Bank of Armenia. Currently, he holds the position of Chief Investment Officer at the largest broker in Armenia - Armbrok Investment Company.

Bachelor's degree from the University of Wisconsin - Oshkosh in 1999. Member of CFA Russia since 2011. From 2002 to 2009, served as a banking...

Bachelor's degree from the University of Wisconsin - Oshkosh in 1999. Member of CFA Russia since 2011. From 2002 to 2009, served as a banking consultant for Sparkassenstiftung fur Internationale Kooperation in Armenia. From 2009 to 2015, was a member of the investment committee of FREDA (Fund for Rural Economic Development of Armenia). From 2015 to 2016, worked as the head of the investment department at Converse Bank in Yerevan. From 2017 to 2023, was the founder and manager of Limitless, a private investment fund. Since 2023, has been the founder and investment director of Limitless Asset Management CJSC. Published over 200 articles on the largest global investment analysis website, Seeking Alpha.

Prior to founding and heading the Association of Financial Market Participants of Armenia "FINARM", in December 2018, he was Deputy General Director of the NASDAQ...

Prior to founding and heading the Association of Financial Market Participants of Armenia "FINARM", in December 2018, he was Deputy General Director of the NASDAQ OMX Armenia Group, Head of the Department of Exchange Services and responsible for the development of the business of the stock exchange and depository. He was a senior director in the NASDAQ Inc. group. At the beginning of his career, he worked for 3 years in the structure of securities market regulators. Education: University of Sheffield - Executive MBA (2018-2020) Yerevan State University - Postgraduate (2000-2003) Armenian State University of Economics (1995-2000)

Sales and Account Manager with 17+ years of Russian, CIS and CEE financial market experience, with expertise in Institutional Sales, client negotiations, C-lvl inclusive, creating...

Sales and Account Manager with 17+ years of Russian, CIS and CEE financial market experience, with expertise in Institutional Sales, client negotiations, C-lvl inclusive, creating new products and facilitating adoption of finmarket infrastructure products. Active Participation in big IT project : TMS for Corporations from Russian vendor. Guest Professor in NES, HSE, Plekhanova academy on Markets, Derivatives, Crypto, Risks and Treasury Management.

Graduating from the University of Genoa in 2014 in Modern Language and Culture, and going on to gain a Master’s in Translation and Interpretation in...

Graduating from the University of Genoa in 2014 in Modern Language and Culture, and going on to gain a Master’s in Translation and Interpretation in 2016, Alessandro Lombardo gained experience in international relations through managing the reports of the Organisation of European Cancer Institutes (OECI) between 2012 and 2017, for the members from Central and Eastern Europe. In September 2017 he began his collaboration with Cbonds, a company providing an online bond research and analysis platform. In August 2018 he was appointed head of the company’s international department.

Sergey Lyalin started working in the securities market as bond analyst in IC Deviz in 1995. In 1997 he joined IC Energocapital (worked there as...

Sergey Lyalin started working in the securities market as bond analyst in IC Deviz in 1995. In 1997 he joined IC Energocapital (worked there as Client Relations Manager and then as Head of Marketing Research). In 2000, he organized the Internet portal Cbonds.Ru. He has been CEO of Cbonds.ru LLC since 2001. Under the leadership of Sergey Lyalin Cbonds News Agency has become the leading source of information on the Russian and CIS bond market. He started publishing Cbonds Review magazine in 2006 and was its Editor-in-Chief in 2006-2007. He is the author of Corporate Bonds: Global Experience and Russian Prospects (2001) and a number of articles on the securities market. Sergey Lyalin graduated from St. Petersburg University, Department of Economics (a diploma of economist - mathematician). Holds a PhD in Economics. Finished Executive MBA at Graduate School of Management (GSOM) at Saint-Petersburg State University in 2018.

Gevorg Manukyan joined Ameriabank's investment banking service in 2016. He has over 7 years of experience in capital markets. His portfolio includes major deals in...

Gevorg Manukyan joined Ameriabank's investment banking service in 2016. He has over 7 years of experience in capital markets. His portfolio includes major deals in debt and equity markets in Armenia. Throughout his career, Gevorg has also been involved in private investment deals and conducted business/equity valuation. He holds bachelor's and master's degrees from the Faculty of Economics at Yerevan State University.

Ararat Mkrtchyan, an entrepreneur, is the founder of the investment bank Sirius Capital, the indexing company Beta FT, and the winery Voskeni Wines. He has...

Ararat Mkrtchyan, an entrepreneur, is the founder of the investment bank Sirius Capital, the indexing company Beta FT, and the winery Voskeni Wines. He has worked in leading investment companies in Russia and the UK. He graduated from the Russian Economic School.

Karen Mnatsakanyan is a financial manager with over 17 years of experience. He is a graduate of the Armenian State University of Economics, where he...

Karen Mnatsakanyan is a financial manager with over 17 years of experience. He is a graduate of the Armenian State University of Economics, where he received an MS degree in Accounting and Audit. Karen is a ACCA Member, a licensed auditor certified by the MFA, and a former lecturer at the International Academy of Business (IAB) and at PwC Academy in Armenia. His professional journey began in 2006 as an accountant at Intracom Armenia. In 2020, Karen joined Telecom Armenia OJSC (trademark: Team Telecom Armenia), a telecommunications company operating in Armenia, as the CFO. Previously, he worked as an auditor at PwC Armenia and held the positions of CFO at Velofirma LLC (DoubleTree by Hilton Yerevan) and CFO at UCOM CJSC.

Grair Sarkisian is Head of Trading at Sirius Capital. Grair has significant experience in markets analysis, derivatives pricing, modern portfolio theory and quantitative analysis. Prior...

Grair Sarkisian is Head of Trading at Sirius Capital. Grair has significant experience in markets analysis, derivatives pricing, modern portfolio theory and quantitative analysis. Prior to join Sirius Capital he worked in major russian banks, including Sberbank, VTB and CBM, in the financial group BCS, and as CTO in indexing company Beta FT. He graduated from the Moscow State University.

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Roman Solonin joined the NABIX team in 2020, currently leads the product line, and is also responsible for expert support for FinTech projects of the...

Roman Solonin joined the NABIX team in 2020, currently leads the product line, and is also responsible for expert support for FinTech projects of the company's custom development. He has over 12 years of experience in the investment banking sector. Prior to joining NABIX, he was in charge of business development and development of investment solutions in the largest investment companies and banks, such as Alfa-Bank, FG BCS, Deutsche Bank. In 2009 he graduated from the Faculty of Digital Economics, Management and Business Informatics of the St. Petersburg State University of Technology named after prof. M. A. Bonch-Bruevich, specializing in electronic business

Anastasia Tarasova is the most popular financial blogger (5 million subscribers), a regular expert in federal media on economic issues. Every day she fights financial...

Anastasia Tarasova is the most popular financial blogger (5 million subscribers), a regular expert in federal media on economic issues. Every day she fights financial illiteracy and proves by her own example that finances are simple, and everyone can earn by investing. Born in Moscow in 1991, she graduated from the Moscow State University of Fine Chemical Technologies. In 2017, she received the status of an independent financial advisor after undergoing further training at the Institute of Financial Planning. Later, she continued her education at the London Business School and Stanford Graduate School of Business in short-term programs. In 2022, the Institute of Stock Market and Management awarded Anastasia Tarasova the qualification of a financial market specialist in brokerage activities, dealer activities, securities management, and forex dealer activities. In the same year, Anastasia completed the MBA program at the Skolkovo Business School. Entrepreneurial experience: Anastasia has been working since she was 14 years old and, at the age of 20, she and her husband started their first business. She has been the owner of several online stores, a grocery store, a donut shop in the center of Moscow, and even the owner of a network of car glass replacement services. Blog: In her Instagram blog @nastya_docs (created in 2016), Anastasia explains complex financial topics in simple terms for her multi-million audience: how to get out of debt and make money work for you, how to manage finances, how to start investing, about the Russian and international stock markets, as well as about the derivatives market. The blog regularly publishes analytical articles and Anastasia's views on the future of the markets. In addition to the blog, Anastasia runs a Telegram channel where a review of current news from the world of investments and more in-depth analytics for an advanced audience is published daily. Educational activities: Anastasia is in the top 10 Russian-speaking bloggers on Instagram. In addition, she has 7 educational courses ("Be Your Own Investor," "Futures from Scratch," "Be Your Own Financier," "Discovering America," "Little Investor," "Investment and Point," "Cryptocurrency from Scratch") and marathons "Everyone Talks, But I Do" and "5 Reasons to Invest." In total, the number of Anastasia's students exceeds 300,000 people. The financial philosophy that Anastasia adheres to is not about saving as denying oneself everything for the sake of endless accumulation, but about efficient financial management. This is something that can and should be learned. "I try to make the product more fundamental so that people can understand how it all works with simple examples. And in case something unexpected happens tomorrow, they could figure out what to do on their own. I'm not giving them a fish, I'm giving them a fishing rod." Book: In 2017, the book "Be Your Own Financier: How to Spend Wisely and Save Correctly" was published. The book became a bestseller throughout Russia, a desktop book on personal finances for many families, and is still selling in huge print runs. Real estate: After moving to Dubai, Anastasia opened the Nastya Docs Real Estate agency, successfully entering this market. In the first year alone, 89 real estate properties were sold for a total amount of over 35 million dollars. Plans include opening an investment fund focused on real estate in the UAE.

Graduated from CY Cergy Paris Université and Moscow State Linguistic University (MSLU). Holds a master's and postgraduate degree in international relations, with 9 years in...

Graduated from CY Cergy Paris Université and Moscow State Linguistic University (MSLU). Holds a master's and postgraduate degree in international relations, with 9 years in the field, and 4 years in international economic projects related to blockchain/cryptocurrencies. Currently serves as the CMO of SkyLabs and Co-founder of TunMun. Additionally, holds the position of Director at the National Center for Digital Financial Technologies (NCDFT) in Armenia.

Oleg Ushakov, the founder and CEO of the legal firm Sagrada Legal, serves as the Chairman of the Digital Financial Assets (DFA) Commission of the...

Oleg Ushakov, the founder and CEO of the legal firm Sagrada Legal, serves as the Chairman of the Digital Financial Assets (DFA) Commission of the Financial and Industrial Policy Council at the Russian Chamber of Commerce and Industry. He is an expert in digital rights and financial transactions. Previously, he held advisory positions in the Department of Strategic Development of the Financial Market at the Bank of Russia and practiced banking, financial law, and capital markets at the law firm "Egorov, Puginsky, Afanasiev & Partners." Mr. Ushakov is the author of the Telegram channel "Right to Money." He led a team of lawyers in executing various significant transactions, including the first digital financial assets placement deal in Russia for the small and medium-sized business sector (issuer - energy service company "Inko-Energo"). He also oversaw several securitization deals on the Russian market totaling over 40 billion rubles, involving institutions such as Sberbank, Absolut Bank, Bank "Saint Petersburg," OJSC "Khanty-Mansiysk Bank Opening," Bank of Moscow, and the first non-mortgage financial asset securitization deal for AO "Credit Europe Bank." Furthermore, Mr. Ushakov played a key role in the initial public offerings (IPOs) of major companies, including Aeroflot, GC "Samoliet," and OJSC "Koks." He was involved in the first public deals in Russia related to the redomiciliation of holding companies within the RUSAL group and the "Lenta" supermarket chain, as well as the reorganization of companies within the "SUEK," "Rosatom," and "KEC Holding" groups. Additionally, he contributed to the issuance of bonds for the Republic of Belarus and several project finance transactions for VEB, OJSC "MechelMining," and OJSC "RUSNANO." Mr. Ushakov actively participated in the development of legislative acts, including the Federal Law of April 1, 2020, No. 69-FZ "On the Protection and Promotion of Investments in the Russian Federation," the so-called "securitization law" (Federal Law of December 21, 2013, No. 379-FZ "On Amendments to Certain Legislative Acts of the Russian Federation"), and the Federal Law of March 3, 2018, No. 290-FZ "On International Companies and International Funds." During his tenure at the Bank of Russia, he contributed to preparing reports on "Decentralized Finance" and "Development of the Digital Asset Market in the Russian Federation." Oleg Ushakov received his education at the National Research University "Higher School of Economics" (HSE). His professional journey includes founding and leading Sagrada Legal since 2022, serving as the Chairman of the DFA Commission at the Financial and Industrial Policy Council of the Russian Chamber of Commerce and Industry. Prior roles include being an advisor in the Department of Strategic Development of the Financial Market at the Bank of Russia (2021-2022) and holding positions at the law firms "Egorov, Puginsky, Afanasiev & Partners" (2014-2021) and "Line of Law" (2010-2014).

Yulia Khandoshko is the CEO of the European broker Mind Money (formerly Zurich). With over 10 years of experience in information technology, innovation, and capital...

Yulia Khandoshko is the CEO of the European broker Mind Money (formerly Zurich). With over 10 years of experience in information technology, innovation, and capital markets, she has led business development initiatives in IT education and collaborated with Deutsche Bank, T-Systems, Luxoft, and JetBrains. Yulia joined the Mind Money team in 2020 as CEO, overseeing the implementation of all operational aspects of the company's strategy. During her tenure, Mind Money has solidified its position as an international broker, offering a combination of traditional financial instruments with advanced industry technologies and a scientific approach to investment strategies. Yulia believes that one of the company's important tasks now is to ensure the accessibility of various financial instruments to clients from 25 countries Mind Money operates in.

Edgar Evoyan has more than 14 years of work experience in banking, investment, and payment spheres. He started his career in the Central Bank of...

Edgar Evoyan has more than 14 years of work experience in banking, investment, and payment spheres. He started his career in the Central Bank of Armenia as an analyst, then as a program manager, after which he headed the Investment Banking Department of Araratbank, “STAK” money transfer system operator, and “General Asset Management” investment fund management companies. Edgar Evoyan is a candidate in economic sciences and has a CFA qualification. In 2016, he studied at the Fletcher School of Law and Diplomacy at Tufts University, USA.