Business programme

Many companies – especially publicly listed ones – have launched ecosystems, but experts note that as of today under 10% of ecosystems are profitable. At the centre of ecosystems are super-applications, more commonly known as super-apps, which attempt to serve a broad range of human needs. Russian ecosystems currently provide services according to a closed model, meaning that only the owner or its affiliated companies can sell products and provide services to customers. Regulators are proposing to introduce requirements for an open model of ecosystems, in which everyone plays by the same rules. Under such conditions, the creator of the ecosystem loses a significant part of their advantage. Another aspect of Russian ecosystems is that they tend to be formed around banks, creating risks for their depositors. This is a justifiable cause for concern from the regulator’s perspective. Banks must conduct qualitative risk assessments with regard to the devaluation of non-core businesses. What are customers’ views on the spread of ecosystems? Are consumers willing to tie themselves to a single super-app, or would we prefer to choose between super-services that compete on quality?

Moderator
Max Hauser, Managing Director, Partner, BCG

Max Hauser

Managing Director, Partner, BCG

Max Hauser heads The Boston Consulting Group’s Digital practice in Russia and CIS, and he is also the leader of the Digital Innovation topic. He joined BCG’s Munich office in 2005 and worked in the Moscow office in 2008 and 2009 as part of the firm's Experience Russia program.
Over the course of his career, Max has worked with a wide range of clients in financial services, focusing primarily on strategy development, organizational effectiveness, and business modeling, as well as digital transformation. He has extensive experience in retail and corporate banking, insurance, and investment funds, having completed more than 60 projects across Western Europe, Eastern Europe, CIS, and Asia.
While at BCG, Max has developed and supported the implementation of long-term strategic visions for banks and insurance companies in Russia, Ukraine, and Kazakhstan. He has helped numerous funds define their investment focus and governance models, and he has advised several financial institutions on becoming more agile and establishing new digital businesses.
Before joining the firm, Max held jobs at A.T. Kearney, Roland Berger Strategy Consultants, and Ernst & Young, among other firms. He is fluent in English, French, and Russian, in addition to his native German.

Panellists
Vladimir Verkhoshinskiy, Chief Executive Officer, Alfa-Bank; Member of the Supervisory Board, Alfa Group Consortium
Tigran Khudaverdyan, Managing Director, Yandex Group of Companies
Oliver Hughes, Chief Executive Officer, Tinkoff Group
Sergey Shvetsov, First Deputy Governor, Central Bank of the Russian Federation (Bank of Russia)
Igor Shekhterman, Chief Executive Officer, Chairman, Member of the Management Board, Х5 Retail Group N.V.
Alexander Shulgin, Chief Executive Officer, Ozon

Vladimir Verkhoshinskiy

Chief Executive Officer, Alfa-Bank; Member of the Supervisory Board, Alfa Group Consortium

Vladimir Verkhoshinskiy was appointed Chief Executive Officer of Alfa-Bank on August 1, 2018.
Before Mr. Verkhoshinskiy joined Alfa-Bank, he held various positions at VTB Group. He served as Vice-President and Head of Corporate Business Development and Strategy at VTB Bank from 2009 till 2011. He became Deputy President and Chairman of the Board at the Bank of Moscow in January 2012 to oversee the Retail and Small Business division, mortgage lending, and private banking service. In May 2016, Mr. Verkhoshinskiy returned to VTB Bank after its merger with the Bank of Moscow to oversee Retail Business as a member of the Board.
Prior to his employment with VTB Group, Vladimir Verkhoshinskiy worked for the Moscow offices of Citibank, the investment fund VR Capital, and the consulting company McKinsey&Co.
Mr. Verkhoshinskiy is a cum-laude graduate of the Finance Academy of the Russian Government majoring in Finance and Credit and a holder of the Presidential Scholarship. He holds a Master of Business Administration degree and Public Management Program degree of Stanford University (USA).

Tigran Khudaverdyan

Managing Director, Yandex Group of Companies

Tigran Khudaverdyan was appointed Deputy CEO of Yandex N.V. and joined the company’s Board of Directors in 2019. Prior to this, from 2015, he served as CEO of Yandex.Taxi, and following its merger with Uber, served as the CEO of the combined business. He joined Yandex in April 2006, and since then has led several successful Yandex projects, including Yandex.Browser and Yandex.Navigator. Tigran Khudaverdyan is a graduate of Moscow State University with a degree in Physics.

Oliver Hughes

Chief Executive Officer, Tinkoff Group

Sergey Shvetsov

First Deputy Governor, Central Bank of the Russian Federation (Bank of Russia)

Professional experience

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).

Education

1993: Graduated from the M.V.Lomonosov Moscow State University (economics-mathematics).

Igor Shekhterman

Chief Executive Officer, Chairman, Member of the Management Board, Х5 Retail Group N.V.

Igor served on X5’s Supervisory Board since 2013. He has been Managing Partner and CEO in RosExpert, which he co-founded in 1996 and has subsequently successfully developed into the Russian alliance partner of Korn/Ferry International. Igor started his career as finance manager at the Russian branch of Beoluna, the Japanese jewellery producer. Igor holds a degree in economics from the Kaliningrad Technical Institute (1992), and degrees in business administration from the Institute d'Administration des Enterprises (France, 1994) and the Danish Management School (1995).

Alexander Shulgin

Chief Executive Officer, Ozon

Alexander Shulgin was born in May 2, 1977 in Yessentuki in the Stavropol region. Alexander has a degree in Management at the Rostov State University.
As a specialist in finance sphere with 13 years of experience in the field of consumer goods, Shulgin has held various financial positions at Coca-Cola Hellenic in 1997 and 2007. In 2007 he was appointed as Chief Financial Officer of Coca-Cola Hellenic representation in Russia.
Alexander Shulgin joined the company Yandex as CFO in May 2010. On 1st September 2014, Alexander Shulgin was appointed as General Director of "Yandex".
On December 7, 2017 - appointed to the post of General Director of the OZON GROUP.

Front row participants
Vladimir Pravdivyy, Chief Executive Officer, Avito
Oleg Tumanov, Founder, Chief Executive Officer, IVI

Vladimir Pravdivyy

Chief Executive Officer, Avito

Oleg Tumanov

Founder, Chief Executive Officer, IVI

Born on February 17, 1965. In 1986 graduated from Moscow Institute of Economics and Finance. In 1996 completed a training program for top managers in Wharton School and a Financial Management Program in Harvard Business School. PhD in Economics.
1990 – Deputy Chairman, Mosbusinessbank.
1994 – worked in financial organizations in the US and Switzerland.
2001 – Deputy Managing Director, Alpha-Bank
2005 – Managing Director for Russia and CIS, Access Industries.
2009 till present – Founder and CEO, ivi.ru