Business programme

Risks and Opportunities in a New Era for Stock Markets

03 Jun , 15:00–16:15
Delivering on National Development Targets
Pavilion F, conference hall F3
In partnership with Moscow Exchange

Private investment in shares is currently booming worldwide, with hundreds of millions of new investors preferring to use convenient mobile apps to trade themselves, rather than entrust their savings to professional managers. With low interest rates and an influx of helicopter money, stock market indexes are setting new records. Today, a company’s capitalization seems to be determined as much by social media and forum posts as it is by fundamental analyses. Twelve million people in Russia have brokerage accounts, and the private investor has become a new force on the Russian capital market. Major issuers now have the responsibility of dealing with hundreds of thousands of minority shareholders, and there is a growing need to build and expand communication channels. Why are people turning to the stock market, and which issuing companies are the greatest beneficiaries as a result? What could the government do to encourage Russian companies to float on the Russian stock market? Should the growing numbers of Russian individuals investing in foreign companies be viewed as capital flight, or a prudent diversification strategy? What needs to be done to create a stable class of private investors and a well-developed domestic capital market?

Elena Ivashentseva, Senior Partner, Baring Vostok Capital Partners

Jacob Grapengiesser, Partner, Head of Eastern Europe, East Capital
Yuriy Denisov, Chairman of the Management Board, Moscow Exchange
Mikhail Zadornov, President – Chairman of the Management Board, Otkritie FC Bank
Alexei Moiseev, Deputy Finance Minister of the Russian Federation
Dmitriy Panchenko, Investment Business Director, Tinkoff Bank
Timothy Talkington, Co-head, Russia & CIS, Goldman Sachs
Sergey Shvetsov, First Deputy Governor, Central Bank of the Russian Federation (Bank of Russia)
Andrey Shemetov, Senior Vice President, Head of SberCIB, Sberbank
Alexei Yakovitsky, Global Chief Executive Officer, VTB Capital