II Conference Capital Markets Armenia

March 14, 2024
Yerevan
Armenia Marriott Yerevan (1 Amiryan St.)

Speakers

Artem Kalinin
Portfolio Manager, Partner, Leon MFO Investments
Artem Kalinin is the Portfolio Manager, Partner at Leon MFO Investments. Artem has significant experience in markets’ and companies’ analysis for more than 10 years. Prior...
Artem Kalinin is the Portfolio Manager, Partner at Leon MFO Investments. Artem has significant experience in markets’ and companies’ analysis for more than 10 years. Prior to joining MFO Investments as fixed income analyst in 2013, he worked in Rusal corporate finance department and investment company Zerich, where he was responsible for analysis of international companies and projects. He has a CFA qualification.
Armen Arshakyan
Director for Economy and Finance, Electric Networks of Armenia
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
Partner, NABIX
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.
Irina Bugdaeva
Director of Development, Meta-X Markets
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.
Konstantin Vasilev
Partner, Member of the Board of Directors of Cbonds, Cbonds
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."
Rafayel Gevorgyan
Deputy minister, Ministry of Economy of the Republic of Armenia
Hayk Yeganyan
CEO, AMX
Alessandro Lombardo
Head of Client Relationship Department, Cbonds
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
Founder, Cbonds
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
Vice President, Capital markets (CM) division, Ameriabank
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 Mkrtchqn
Managing Parner, Sirius Capital
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
Chief Financial Officer, Team Telecom Armenia
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 Sarkisyan
Head of Trading, Partner, Sirius Capital
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.
Roman Solonin
Competence center manager, NABIX
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
Andranik Togramadzhian
CMO, SKYLABS TECHNOLOGY
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
CEO, SAGRADA LIGAL
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).
Uliya Handoshko
CEO, Mind Money
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.
Hovhannes Khachatryan
Vice-chairman, Central Bank of Armenia
Edgar Evoyan
CEO, ARFI
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.

II Conference Capital Markets Armenia