Education Ethics

Professionalism

U K R A I N E

Congratulations New Charterholders │ 2

Ross Shmanenko

Taras Shevchenko National University

Master of arts (MA), Finance

Taras Shevchenko National University

Bachelor of arts (BA), Financial Law

Concorde Capital – one of the leading

investment banks in Ukraine; emerging

markets investments; sales & trading

CFA Ukraine – Ukrainian community of

investment professionals. Non-profit

organization.

Founding member

Vice-President

Membership Committee Chair

3

Concorde Capital - ведущий инвестиционный банк в Украине

• Сотрудничество с более чем 700 международными

институциональными и частными инвесторами

Одна из сильнейших аналитических

команд в СНГ

Concorde Capital сегодня:

Лидирующий и крупнейший инвестиционный банк в Украине

Успешный опыт и совместные мандаты в M&A транзакциях, IPO и размещениях еврооблигаций с Unicredit, JP Morgan, Goldman Sachs, Credit Suisse

Более 1,7 млрд. дол. США привлеченных средств для

украинских компаний и банков за 2005-2010 гг., текущий

портфель проектов на сумму более 1 млрд. дол. США

Полный спектр профессиональных инвестиционно-

банковских услуг

Более 100 специалистов, сочетающих знания и опыт работы

в ведущих зарубежных, украинских и российских компаниях,

международных фондовых рынках

Лидирующий брокер в УкраинеЛучшие сделки IPO и M&A в

Украине в 2007 году

4

Полный спектр инвестиционно-банковских услуг

Слияния ипоглощения

Финансовыеконсультации

Привлечение партнера

Привлечениеакционерного

капитала

• Продажа бизнеса: организация и проведение тендеров

по продаже бизнеса на стороне продавцов

• Приобретение: услуги советника относительно

возможных приобретений и сопровождение сделок

• Слияния и разделения бизнесов

• Корпоративные облигации:

организация выпуска и размещения

среди институциональных и частных

инвесторов

• LPN и CLN: организация выпуска нот

участия в кредите и кредитных нот

• Проектное финансирование

(в т.ч. через ЕБРР и МФК)

• Стратегическое партнерство:

привлечение иностранных

стратегических инвесторов для

создания партнерства

• Финансовое партнѐрство (private

equity): привлечение иностранных

финансовых инвесторов

• Анализ рынков

• Консультации по управлению стоимостью

бизнеса

• Финансовая реструктуризация бизнеса

• Частные размещения: закрытое

размещение миноритарного пакета

акций

• IPO и SPO: первичное и вторичное

публичные размещения акций на

международных биржах

• Организация листинга на

международных биржах

• Независимая оценка стоимости

бизнеса и активов

• Финансовое моделирование

Привлечениедолгового

финансирования

Оценка стоимости

бизнеса

Congratulations New Charterholders │ 5

Seminar Structure

Official part

1. CFA Institute & CFA Program

2. CFA Ukraine Society

3. What is networking and why it is so important

Non-official part

1. Graduation – what’s next?

2. Masters degree of working after BA?

3. Job search for graduates

Congratulations New Charterholders │ 6

Congratulations New Charterholders │ 7

Congratulations New Charterholders │ 8

Congratulations New Charterholders │ 9

Congratulations New Charterholders │ 10

Congratulations New Charterholders │ 11

Congratulations New Charterholders │ 12

Congratulations New Charterholders │ 13

Key milestones and statistics

Society creation Next steps2010 key activities

1st CFA

Ukraine

conference

(IG created)

06.2009

2nd CFA

Ukraine

conference

(approvals)

10.2009

CFA Ukraine

becomes CFA

Institute member

society

02.2010

3rd CFA

Ukraine

conference

04.2010

Ukrainian

Investment

Forum

11.2010

CFA Ukraine

GIRC Finals

12.2010

AGM & 4th

CFA Ukraine

conference

(elections)

04.2011

• 77 Society members*

• 30+ regularly active volunteers

• over 400 volunteer contacts

• 7 new CFA Charterholders in 2010* 9 members - application pending

U K R A I N E

Appendix: CFA Ukraine committeesCommittee Objectives

Advocacy Coordinates local advocacy efforts. Promotes improvements in standards and practices via work

with other interested bodies.

Career Development Develops programs and services to enhance members’ professional skills

CFA Prep Courses Typically coordinates exam study groups and CFA Prep Courses

Continuing Education Develops educational programs to meet the needs of local membership and community

CFA Job placement Provides opportunities for members looking for jobs in the financial community

Membership Maintains the viability of society and CFA Institute through recruitment and retention of members

Programming Is responsible for coordination of various society programs/may also coordinate charter awards

event

Public Awareness Promotes public awareness locally by serving as information resource and establishing

relationships with key parties including local media

Strategic Planning Develops and implements a plan that targets members needs

Technology Serves as a main contact for society’s technology – website, email, Society Portal

University Liaison Maintains communication between university faculty / students and the investment community

Sponsorship Serves as a liaison with potential sponsors to support CFA Ukraine activities

Nominations Governs the nominations processes (elections, CFA Institute conference participation, member

recognition, etc.)

You are encouraged to join!!!U K R A I N E

2010 achievements - key events

• Ukrainian Investment Forum (annual event)

Held in November 2010

28 speakers: UIF was attended by the chief executives of the international financial

organizations, leading Ukrainian and international banks, private equity funds, stock exchanges and

investment companies, including: IMF, the World Bank, EBRD, IFC, PwC, state commission on securities

and stock markets, Horizon Capital, Concorde Capital, Advent International, Vienna Stock

Exchange, Deutsche Börse, BNP Paribas, ING and others

Over 300 participants - well balanced in terms of both investment capital consumers / suppliers ratio

and specialization of individual investment professionals:

42% of the Forum participants are top-executives of real economy companies

12% - investment banking professionals

10% - direct investment funds representatives

9% - representatives of commercial banks

8% - auditors and consultants

7% - lawyers

12% - representatives of government, public organizations, business schools, journalists and

others

Only 12% of the Forum participants are the members of CFA Ukraine, while the remaining 88% are

not, which confirms the interest of a wide range of Ukrainian investment market participants to the Forum.

U K R A I N E

2010 achievements - key events

• Global Investment Research

Challenge (annual event)

What It Is: The CFA GIRC promotes best practices in

equity research among the next generation of analysts

through hands-on mentoring and intensive training in

company analysis and presentation skills.

How It Works: CFA Societies and local universities

assemble university teams of 3-5 students each. Teams are

mentored by industry professionals in writing an equity

research report on a publicly traded company. The teams

present their findings to a distinguished panel of experts.

3 Levels of the Competition: local (Ukraine), regional

(EMEA), global (World)

Ukrainian GIRC finals were held in December 2010

7 teams were competing

7 judges graded the presentations of the students

The audience was more than 250 people (students

and professors)

Participating University Teams

Donetsk National Technical University

Ivan Franko National University of L'viv

National University of Kyiv-Mohyla

Academy

NTUU "KPI" IASA

Taras Shevchenko National University of

Kyiv

Ternopil National Economic University

V. Getman Kyiv National Economic

University

The winner: Taras Shevchenko National University team -

went to EMEA regional finals in Madrid, Spain

U K R A I N E

2010 achievements - key events

• CFA Ukraine Spring conference + AGM (annual event)

• Exam Day party and Exam Results (Fall networking) event

• New Year party

• CFA Ukraine Job Fair (first event is scheduled for May 2011, developed for graduates

and young professionals)

• Partner events (Private Equity events, supported by CFA Ukraine – 2 events held)

• Participation in CFA Institute Annual Conference,

CFA Institute EMEA Conference and Semi-

Annual Leadership retreats)

U K R A I N E

2010 achievements - other

• 10 scholarships awarded to CFA candidates (annual process)

• www.cfaukraine.org – new website launched

• Job seekers assistance process for CFA members and

volunteer community

• Collaboration with SSMSC and UAIB on promoting CFA

values and GIPS started

• Collaboration with private providers of CFA Exam

preparation services

• Participation in CFA Institute initiatives (e.g. “One big thing”)

U K R A I N E

Management Financial Report: since inception – 31.12.2010*

*Unaudited. Audited CFA Ukraine financial statements will be publicly

available after the end of the first full financial year, ending 30.06.2011

Income UAH

Founding members fees 23 551

Member dues 25 200

CFA Institute support 103 823

Event participation fees 70 100

Sponsorship support 430 035

Other 915

Total Income 653 625

Expenses

CFA Conferences and UIF - 306 673

Educational events - 19 818

Other promotional - 32 280

Other member events - 11 364

Administrative - 3 840

Total Expenses - 373 976

Financial Result 279 648

4%4%

16%

11%

66%

0%

Income Distribution

Founding members fees

Member dues

CFA Institute support

Event participation fees

Sponsorship support

82%

5% 9%

3% 1%

Expense Distribution

CFA Conferences and UIF

Educational events

Other promotional

Other member events

Administrative

U K R A I N E

Thanks to our Sponsors and Partners!!!

U K R A I N E

Financial Institutions

Stock Exchanges

Auditors and Consultants

Corporates

Legal

Recruiters

Educational and Associations

Media and Information Agencies

Board Elections for 2011-2013 term

• Held in electronic format from March 24th till April 5th

• Number of eligible voters: 77

• Number of votes casted: 41

• % of eligible voters casting their votes: 53%

(>30% as required by the Bylaws)

• % of supporting votes out of casted: 63 - 93%

• New Board of directors have been elected!

U K R A I N E

Goals: 2011 – 2013

• Enhance a 2-way ongoing communication and useful information flow between

CFA Ukraine organization and its members, as well as interested professionals

with the industry One of the goals for 2011 - Launch quarterly newsletters to CFA Ukraine members

• Building stronger interest in CFA designation and qualifications within Ukrainian

employers (including private and public sector)

One of the main objectives is to ensure that CFA program becomes the top

educational employer-sponsored program (where appropriate)

• Establishing strong cooperation with investment\financial market regulators to

facilitate the implementation of CFA Institute Code of Ethics and GIPS within the

industryWorking on making CFA designation an officially recognized practitioners license

• Facilitation of CFA values recognition, CFA awareness and CFA program

integration into the academic environment – integration of CFA

values and body of knowledge into educational programs

“grow the Society by growing the value that it

brings to its Members, the Profession and the

Country”

U K R A I N E

Goals: 2011 – 2013 (continued)

• Improve engagement of senior level decision makers into promotion of the CFA

values and awareness within the country One of the goals for 2011- establishing Advisory Committee that should consist of

top leaders of investment industry in Ukraine to advise CFA Ukraine Board on Society

activities\major projects and become the senior-level community “spoke body” for the

Society

• Build systematic approach for job placement and career services for CFA

Ukraine members

• Supporting and developing of the initiatives that had already proven to be

successful and value added: (a) UIF; (b) GIRC; (c) Annual CFA Ukraine

Conference (spring); (d) Other projects and events initiated by our members and

volunteers to deliver on CFA Ukraine mission and objectives

• Building a foundation for hosting and organizing the CFA Institute EMEA

Regional meeting in Ukraine in 2013.

U K R A I N E

Thank You for being CFA Ukraine

Member, Volunteer and Supporter!

U K R A I N E