Profiles

Oleg Bagirov

Chief Executive Officer

Oleg Bagirov was educated at Moscow State Institute of Foreign Languages and Financial-Economic Institute. He was Chairman of United Investment Bank, Moscow from 1994 to 2002 and previously held a number of senior positions with both Russian and international banks. Until October 2008 he was also Chief Executive Officer of OAO Sibirskiy Gorno-Metallurgichesky Alyans (SiGMA), a gold focussed exploration company, with assets held in the Kamchatka peninsula in Far East Russia.

Simon Olsen

Finance Director & Company Secretary

Simon Olsen qualified as a Chartered Accountant with Thomson McLintock, London, after graduating with a law degree from Oxford University. He spent 13 years with the Danish shipping and industrial group AP Moller in various financial and administrative roles in London, Jakarta and Manila, before moving into the mining sector in 1994, first in Sierra Leone as Financial Controller and then Chief Financial Officer of Sierra Rutile and latterly as Company Secretary of Navan Mining plc.

Alexander Doumnov

Chairman

(appointed director 24 July 2007 and elected chairman 13 December 2007) Alexander Doumnov has had forty years experience as an economist, banker and consultant. He has held executive management positions in various financial institutions including the central bank of the former Soviet Union, commercial banks (in Russia and Switzerland) and the World Bank in Washington. He graduated from the Advanced Management Programme of the Harvard Business School and was Alternate Executive Director and Chief of the Internal Audit Sub-committee at the World Bank. He was also a partner at Deloitte & Touche CIS.

Peter Burnell

Peter Burnell was educated at Magdalen College, Oxford University. He has spent most of his business career as a senior executive and director of Anglo American Corporation of South Africa and Minorco SA. He is currently Chairman of Merrill Lynch Latin American Investment Trust plc.

Boris Fedorov

Boris Fedorov is a former Minister of Finance and Deputy Prime Minister of the Russian Federation. He was an elected deputy of the State Duma from 1993 to 1998 in which year he was appointed head of the State Tax Service. He has also served at the International Bank for Reconstruction and Development in Washington and the European Bank for Reconstruction and Development. He is Founding Managing Partner of UFG Asset Management as well as a member of the Board of Directors of Gazprom and the Supervisory Board of Sberbank.

Florian Fenner

Florian Fenner, a Chartered Financial Analyst, worked for Schroder Munchmeyer Hengst, a German investment bank before moving to Russia in 1996 as Deputy Head of Research at Brunswick Brokerage, one of Russia's leading investment banks. He joined Brunswick Capital Management in 1997 and was head of the representative office of Unifund before becoming Managing Partner at UFG Asset Management in 2002.

Dmitry Khilov

(appointed 24 July 2007) Dmitry Khilov graduated from the Moscow Institute of Finance in 1980. He has held senior positions at the Russian Ministry of Finance and at the World Bank, and was the head of the department for securities and a member of the Board of Tokobank. From 1995, he participated in the development of the United Financial Group (UFG) as Executive Director of UFG and General Director of its asset management subsidiary, UFG INVEST. He is the Managing Director of the Private Equity Division of UFG Asset Management. From 1998 to 2000, he was Deputy Chairman of Russia's Federal Commission for Securities Markets.