Programme

Isolationist tendencies are gaining ground across the world: this can be seen with Brexit and with the rhetoric coming from the US Government and many European politicians. Does this mean that we will be seeing trends towards a reversal of globalization, particularly on financial markets? Russia is an example of an open financial market with liberal legislation. On the other hand, there are countries with successfully developing economies – like China, for example – which have significant limitations on cross-border financial transactions. What model is the most effective for developing economies? Throughout the world, national legislation with respect to financial institutions is becoming stricter, complicating the work of traditional banks and stock exchanges in global markets. At the same time, new digital solutions in the financial sector have no regard for national borders and jurisdictions. A process of disintermediation – the removal of the intermediary functions of financial organizations – is under way. What is the future of traditional financial institutions in these circumstances?

Moderator:
Alexey Kudrin , Chairman of the Board, Center for Strategic Research Foundation; Deputy Chairman, Economic Council under the President of the Russian Federation

Alexey Kudrin

Chairman of the Board, Center for Strategic Research Foundation; Deputy Chairman, Economic Council under the President of the Russian Federation

Alexey Kudrin is currently Dean of School of Liberal Arts and Sciences of St. Petersburg State University. Since May 2000 till September 2011 he served as Finance Minister of Russia. His financial policies received international recognition; he was named "Finance Minister of the Year 2004" by The Banker magazine and "Finance Minister of the Year 2010" by Euromoney magazine. In years 2000-2003 and 2008-2011 Alexei Kudrin also held the post of Deputy Prime-Minister. In 2005 he was awarded the Order of Merit for the Fatherland.Before joining the government, Alexei Kudrin worked for Saint-Petersburg City government, holding positions of Deputy Mayor of St. Petersburg and Chairman of the Committee for Economy and Finances.Alexei Kudrin has academic degree of Candidate of Economic Sciences (PhD in Economics). He is professor, author of more than 30 research papers and articles on economics and finance, delivering lectures in many universities and colleges around the globe and providing his expertise to the government of Russia.

Panellists
Anatoly Aksakov , Chairman of the Committee of the State Duma of the Federal Assembly of the Russian Federation on Financial Markets; President, Association of Regional Banks of Russia (Association ‘Russia’)
Alexander Afanasiev , Chairman of the Executive Board, Moscow Exchange
Hans-Paul Buerkner , Chairman, The Boston Consulting Group
Christian Keller , Managing Director, Head of Economics Research, Barclays
Christian Sewing , President, Head of Private and Commercial Bank (including Postbank), Deutsche Bank AG
Sergey Shvetsov , First Deputy Governor, Central Bank of the Russian Federation
Alexey Yakovitskiy , Global Chief Executive Officer, VTB Capital Holding

Anatoly Aksakov

Chairman of the Committee of the State Duma of the Federal Assembly of the Russian Federation on Financial Markets; President, Association of Regional Banks of Russia (Association ‘Russia’)

He was awarded the Medal of the Order "For Merit" I and II degree, and a diploma and a medal of the State Duma of the Russian Federation "For merits in the development of legislation and Russian parliamentarism" Anatoly Aksakov was born November 28, 1957 in the village of Ermolaevo Kumertau area Bashkir ASSR. In 1975 he graduated from high school with. Vilino Bakhchsarai area Crimean region. For two years he worked on the production. In 1983 he graduated from the Moscow State University. MV University, in 1986 - Faculty of Economics graduate of Moscow State University. MV Lomonosov. PhD, associate professor. In 2005 he graduated from the Diplomatic Academy of the Ministry of Foreign Affairs of the Russian Federation. Published about one hundred scientific papers on economic and social development of Chuvashia and Russia. Since 1986, was a teacher of the Chuvash State University, Associate Professor of Economic Theory and the market economy. In 1994-1995. - Member of the State Council of the Chuvash Republic. In 1994-1997. he was Deputy Director of the Institute of Economics, Finance and Law (Cheboksary). In 1995-1997. led Cheboksary branch of the Moscow commercial banks. In 1997-2000. served as deputy chairman of the Cabinet of Ministers - the Minister of Economy of the Republic of Chuvashia. Since 1999, was elected deputy of the State Duma of the third, fourth, fifth and sixth convocation. He is currently Deputy Chairman of the State Duma Committee on Financial Markets. In 2002-2009. was a member of the National Banking Council of the Central Bank of the Russian Federation. Since 2006 he is president of the Association of Regional Banks of Russia.

Alexander Afanasiev

Chairman of the Executive Board, Moscow Exchange

Alexander Afanasiev has been Chairman of the Executive Board and CEO of Moscow Exchange since June 2012. Prior to joining Moscow Exchange, he spent 13 years at Bank WestLB Vostok, a subsidiary of the German banking group WestLB AG, most recently as a Deputy Chairman of the Executive Board. Prior to his work at WestLB, Mr Afanasiev was an Executive Board member of Bank Imperial. From 2005 to 2011 Mr Afanasiev was Chairman of the MICEX FX Market Council. From 2009 to 2013 he co-chaired the National Foreign Exchange Association and from 2011 to 2014 the National Securities Market Association. Mr Afanasiev has been working in the Russian financial sector since 1991. He worked at the Bank of Russia earlier in his career, and was among the founders of the Russian Project Finance Bank, the first investment bank with foreign capital in Russia. He subsequently served as Executive Director of this bank. Alexander Afanasiev graduated from the Moscow Financial Institute with a degree in international economic relations and holds a PhD in economics.

Hans-Paul Buerkner

Chairman, The Boston Consulting Group

Hans-Paul Bürkner is Chairman of The Boston Consulting Group. He was previously President and Chief Executive from 2003 to 2012. He joined BCG in 1981 and was a member of the teams that opened BCG's Düsseldorf (1982) and Frankfurt (1991) offices. Before becoming the firm's CEO, he was head of BCG's global Financial Services practice. He has counted among his clients many of the world's leading companies during more than 30 years at BCG. He has worked with them to redefine their strategies and organizations, spearheaded major global expansion initiatives, and supported them in the fundamental restructuring of their businesses. Hans-Paul studied economics, business administration, and Chinese, receiving a Diplom from the University of Bochum, an MA from Yale University, and a DPhil from the University of Oxford, where he was a Rhodes Scholar.

Christian Keller

Managing Director, Head of Economics Research, Barclays

Christian Keller is a Managing Director and Head of Economics Research at Barclays, leading the coverage of both developed and emerging markets. Mr. Keller is based in London and joined Barclays in 2007 from the International Monetary Fund (IMF) where he had been the Resident Representative in Turkey since 2005. Prior to that, he was based at the IMF headquarters in Washington D.C., working on IMF programs with emerging market economies in Europe, Latin America and Asia. Mr. Keller graduated with a PhD in Economics from University of Köln, Germany, and holds a joined-MA in Economics and Finance from University of Köln and HEC, Paris.

Christian Sewing

President, Head of Private and Commercial Bank (including Postbank), Deutsche Bank AG

Christian Sewing, born in 1970, has been a member of the Management Board since January 1, 2015. He is responsible for Deutsche Bank’s Private & Commercial Bank (including Postbank). Sewing joined Deutsche Bank in 1989. He was Head of Group Audit from June 2013 to February 2015, prior to which he held a number of management positions in Risk. From 2012 to 2013, he was Deputy Chief Risk Officer. From 2010 to 2012, he served as the Bank’s Chief Credit Officer. He has worked in Frankfurt, London, Singapore, Tokyo and Toronto. From 2005 until 2007, Sewing was a member of the Management Board of Deutsche Genossenschafts-Hypothekenbank. Before graduating with a diploma from the Bankakademie Bielefeld and Hamburg, he completed a bank apprenticeship at Deutsche Bank in 1989.

Sergey Shvetsov

First Deputy Governor, Central Bank of the Russian Federation

Born: 27 December 1970; Moscow. Education: 1993: Graduated from the M.V.Lomonosov Moscow StateUniversity (economics-mathematics). Speaks English. 1988–1993: student of the M.V. Lomonosov Moscow State University. 1993–1996: economist of the 2nd category, senior economist, chief of the section with the International Finance Division of the Bank of Russia Foreign Operations Department. 1996–2001: deputy head, head of the Ost-West Handelsbank AG representative office, Moscow. 2001–2003: director of the Bank of Russia Open Market Operations Department. 2003–2011: director of the Bank of Russia Market Operations Department. 2011–2013: Deputy Governor of the Bank of Russia. From September 1, 2013 to March 2, 2014: First Deputy Governor of the Bank of Russia — Head of the Bank of Russia Financial Markets Service. From March 3, 2014: First Deputy Governor of the Bank of Russia. Member of the Bank of Russia Board of Directors (since 18 October 2013).

Alexey Yakovitskiy

Global Chief Executive Officer, VTB Capital Holding

Alexei Yakovitsky, one of the pioneers of VTB Capital, has been working at the company since its early days in 2008. He is responsible for the strategic and operational development of VTB Capital holding companies. Alexei moved to VTB Capital from Deutsche Bank, where he worked as Head of Research for Russia and the CIS. Prior to that, he was co-Head and then Head of Research at leading Russian investment bank United Financial Group (UFG), which was acquired by Deutsche Bank in 2006. Alexei had joined UFG in 2000 as a telecommunications analyst, after a stint as the Moscow Telecommunications and IT correspondent with Bridge News. Institutional Investor rated Alexei one of the top three Russian telecom analysts four years in a row (2004-08), while in 2007 the organisers of the Financial Olympus named Alexei the best analyst on the Russian market. The telecoms team headed by Alexei took first place in EMEA emerging markets in Extel’s 2005, 2006 and 2007 surveys. Alexei holds an MA in Political Science from the Nelson A. Rockefeller College of Public Affairs and Policy in the U.S. and a PhD in History from Moscow State University.

Front row participants:
Oleg Mukhamedshin , Deputy Chief Executive Officer, Director for Strategy, Business Development and Financial Markets, RUSAL

Oleg Mukhamedshin

Deputy Chief Executive Officer, Director for Strategy, Business Development and Financial Markets, RUSAL

Oleg Mukhamedshin was appointed Deputy CEO, Director for Strategy, Business Development and Financial Markets in 2012. Prior to his current position, in 2011 Mr Mukhamedshin was RUSAL’s Head of Equity and Corporate Development, RUSAL’s Director for Financial Markets, and Director for Capital Markets from 2007 to 2011. Oleg Mukhamedshin is responsible for Company's strategy development and implementation, M&A deals and growth projects, raising finance and RUSAL's debt portfolio management. He was also in charge of restructuring RUSAL’s USD 16.6 billion debt in 2009-2011 and RUSAL’s USD 2.2 billion IPO on the Hong Kong Stock Exchange and Paris’ Euronext in 2010. Under his leadership, RUSAL become the first company to launch a Russian Depository Receipts programme. From 2006 through 2008 Oleg Mukhamedshin took part in preparing and implementing major M&A transactions, including the acquisition of a 25% stake in MMC Norilsk Nickel and merger with SUAL and Glencore’s bauxite and alumina assets. From August 2004 through March 2007, Mr Mukhamedshin was RUSAL’s Deputy CFO, overseeing corporate finance. From 2000 to August 2004, Oleg Mukhamedshin was Director of RUSAL’s Department for Corporate Finance. Prior to joining RUSAL, Oleg Mukhamedshin occupied various executive positions in corporate finance in leading Russian natural resourse companies including TNK (now TNK-BP). Between 1999 and 2000, he was an advisor to the principal shareholder of the Industrial Investors Group. From 1994 to 1995, he worked with the investment bank PaineWebber to help establish the Russia Partners Fund, one of the first international direct investment funds in Russia. Oleg Mukhamedshin was born in 1973. Oleg Mukhamedshin holds a BA in Economics with Honours from Moscow State University.