The well-known businessman will talk about his life rules and business principles.
Main beneficial owner of Credit Bank of Moscow,
founder of Arifmetika Dobra charity fund
Roman Avdeev was born on July 17, 1967 in Odintsovo, Moscow region. In 1994 he graduated from Moscow International University of Business and Information Technology; and in 1996 from Lipetsk State Technical University with a degree in industrial and civil construction.
Roman Avdeev’s first business was related to trade – he sold decoders and Sinclairs, imported computers. After the Soviet Union fell apart and various currencies came to being, Avdeev realised that he was earning more by converting Russian currency into Ukrainian hryvnas than by selling end-products, and then started to actively develop a financial market business. For these purposes, he bought CREDIT BANK OF MOSCOW in 1994. The Bank was advertised for sale in a newspaper and back then it was just a package of documents, 14 employees and a small office.
Since that time the Bank developed considerably. Until 2012, when equity interests were sold to IFC and EBRD, Avdeev was the sole beneficial owner of Credit Bank of Moscow. In 2015 the Bank made an IPO at MICEX raising capital from new investors in order to further expand its business. The Bank grew notably in 2008-2015, rising from the 66th to the 12th spot in the ranking of Russian banks by assets, while its capital soared by 25 times to 154 bln roubles in that period.
In mid-1990s Avdeev bought a controlling shareholding in, and agricultural land around, Lebedyansky Sugar Factory (Lipetsk Oblast). By mid-2000s they evolved into an agro-industrial group Chernozemye responsible for 3% of domestic sugar production. In 2000 he acquired a food retailer called Stolitsa. Since early 2000s he invested in commercial property and timber processing. Almost all of those assets were subsequently sold with the proceeds applied to recapitalise the Bank.
In 2010 he set up a realty agency called Domus Finance providing the full range of services in the primary and secondary property market in Moscow and Moscow Oblast.
In 2013 MCB Capital, an asset management company, was spun off from the Avdeev-owned and Bank-controlling Rossium Concern to carry out a long-term strategy intended to develop and consolidate all of his assets.
In 2013 a 52% shareholding was acquired in a big pharmaceutical company VEROPHARM. Within a year, it was increased to 98% and sold to Abbott with a significant profit. The sale proceeds were applied to recapitalise the Bank and develop the newly acquired non-state pension fund Soglasie.
In 2015 Ingrad development company was spun off from Domus Finance, and now it already carries out residential development projects totalling 1,5 mln sq. m in Moscow and Moscow Oblast. Furthermore, in late 2015 a controlling stake was acquired in one of the largest pharmaceutical retailers - А5, which stake is to be sold in the course of A5’s merger with 36,6.
Roman Avdeev hugely supports charitable causes. In 2014 he founded Arifmetika Dobra charity fund. He is married, fathers 23 children of which 19 are adopted. Raising children is seen by Roman Avdeev as his life’s work.
Attendance is free of charge. Places are limited. Lecture will be held in Russian.
The Moscow School of Management SKOLKOVO, one of the leading private business schools in Russia and the CIS, was founded in 2006 by members of the business community. The school’s founding partners are 10 Russian and multinational firms and 11 individuals, each a leader of Russian business.
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Address: 100, Novaya, Skolkovo, Odintsovsky District, Moscow Region
How to get: By the shuttle bus #523 (departs from Kievskaya and Slavyanskiy boulevard metro stations). The bus stop is called 'Moskovskaya Shkola Upravleniya'.