The magazine for those who wish to surpass dreams issue #11 FILM STUDIO CIB PRESENTS PRODUCER: H. O. GREF STARRING: A. M. DONSKIH, A. V. BAZAROV, R. K. VARDANIAN A FEATURE FILM IPAD VERSION AVAILABLE AT THE ITUNES APP STORE FROM MID-JANUARY 2012 DEAR TROIKERS, The highs and lows of the stock Clients Department and Ruben a strategic partner of the Cinema markets, striking cultural and Vardanian, Chairman of the Board of Museum, and that’s why this issue sporting events, crisis in Europe, Arab Directors at Troika Dialog. They also stands out with its unusual concept. revolutions, and the social networking shared their views on how the work The issue’s materials are cinema- boom… That was the world in 2011. of the two banks’ teams is changing themed in some way or another. For Troika, the year was marked by as a result of the upcoming deal and Employees of the DCM Department a number of very important events: why trust and readiness to embrace proved that writing “scenarios” for on March 11, Sberbank of Russia and change are vitally important for placing debt securities on the basis of Troika Dialog announced the signing successful integration. unique concepts is a form of art. After of an agreement on the intention to Many new, important and interesting reading the musings of Jean-Luc unify Russia’s largest bank and the things are happening in the run-up to Pipon, Managing Director of the Legal country’s leading investment bank, integration, which will predetermine Division, you will understand why and on May 25, the legally binding the development of business in the law is like a race, and that a lawyer agreement on the deal to merge the years ahead. In these key publications must be able to rise above situations two companies was signed. dedicated to the merger of Troika and possess good intuition. We also New horizons created thanks to and Sberbank we have attempted to travelled to the very heart of Foggy the merger, the changes taking place answer the questions that currently Albion, where Paolo Zaniboni, CEO in the world, the financial industry concern all of us. of Troika Dialog UK, talked about the and at our companies as well as Troika’s everyday life – the work life and work of the London office. the year’s preliminary results and we do together, new projects, events, All this and much more can be future expectations: these are just key appointments – is no less found on the pages of this edition of a few of the topics discussed in eventful or interesting. In keeping The Troiker. interviews with Alexander Bazarov, with tradition, we will introduce you Vice President and Director of to colleagues from various company Best regards, Sberbank of Russia’s Corporate subdivisions. In May, Troika became The Troiker Editorial The magazine for those who wish to surpass dreams issue #11 FILM STUDIO CIB PRESENTS PRODUCER: H. O. GREF STARRING: A. M. DONSKIH, A. V. BAZAROV, R. K. VARDANIAN A FEATURE FILM IPAD VERSION AVAILABLE AT THE ITUNES APP STORE FROM MID-JANUARY 2012 CJSC INVESTMENT A PROJECT BY: COMPANY “TROIKA DIALOG”4 ROMANOV LANE, MOSCOW, 125009, RUSSIA, TEL. +7 495 258 05 00, FAX +7 495 258 05 47, www.troika.ru CONCEPTUAL PROJECT INSPIRATION GOR NAKHAPETYAN, ZOYA GUSCHINA MANAGER IRINA MARKITAN INTERNAL COMMUNICATIONS ELENA KUDRYASHOVA, EKATERINA GOSTEVA, ALEXANDRA ZVEREVA EDITORS SVETLANA MYASOEDOVA, OLEG DOZMOROV, EDITOR & ADDITONAL HELP INA MANDRE, ANTON MANYASHIN TRANSLATOR MARK RAWLINS PROVIDED BY MARIA ZALUNINA, MARINA LIUBANSKAYA CUSTOM PUBLISHING SANOMA INDEPENDENT MEDIA 3 POLKOVAYA STR., BLDG. 1, MOSCOW, 127018, RUSSIA, TEL. +7 495 232 32 00, WWW.GOPUBLISHING.RU DIRECTOR CUSTOM ART PUBLISHING GALINA USTINOVA PUBLISHER OLGA KUMAKHOVA DIRECTOR ALEXANDER ROMANOV DESIGNER ALENA KOROTKEVICH MANAGING PHOTO EDITOR ANNA DANILOCHKINA EDITORS EVGENIA STARKOVA, KIRA ABULKHATINA PROOFREADER ELENA SEMYACHKINA PHOTO SHOOT HAIR PRODUCER YULIA YUDENICH PHOTOGRAPHERS LAZYANT, ALEXANDRA MANOVTSEVA, MAXIM SEREGIN & MAKEUP MARINA YELCHEVA, ANNA PERESEDOVA STYLIST INNA SEVASTYANOVA THIS PROJECT USES ILLUSTRATIONS ALEXEY POPOV PHOTOS FROM TROIKA DIALOG’S PHOTO BANK, RSB А PRESS SERVICE ARCHIVE, AND CORBIS/FOTO S.A. PRINT PREPRESS ARKADY CHUDIN HOUSE LLC “AZ ENTERPRISE”, Bldg. 1, 5 Bersenevsky Lane THIS MAGAZINE IS IN T ENDED FOR DIS T RIBU T ION AMONG TROIKA DIALOG ’S EMPLOYEES . THE MA T ERIALS CON T AINED IN T HIS MAGAZINE ARE PROVIDED EXCLUSIVELY FOR INFORMA T IONAL PURPOSES AND DO NO T REPRESEN T AN OFFER T O PROVIDE INVES T MEN T , FINANCIAL OR BANKING PRODUC T S AND SERVICES . TROIKA DIALOG MADE NO SPECIAL VERIFICA T ION OF SAID MA T ERIALS FOR CURRENCY AND /OR COMPLE T ENESS AND ACCEP T S NO RESPONSIBILI T Y T O UPDA T E T HE PROVIDED INFORMA T ION OR T O CORREC T ANY POSSIBLE INACCURACIES . THE INFORMA T ION CON T AINED IN T HIS MAGAZINE IS ADDRESSED T O T HE EMPLOYEES OF TROIKA DIALOG AND IS NO T IN T ENDED FOR USE BY T HIRD PAR T IES . 1 CONTENTS What's Up? pROFEssION tOp sECREt The latest news Why do we need lawyers? Troika’s cinema 04 at Troika 30 50 projects INtERVIEW KEY appOINtMENts pROJECt sKOLKOVO Ruben Vardanian: A blitz interview A summary “Our plans are ambitious…” with new employees of the first 08 40 52 five years INtERVIEW IN FOCUs ChaRItY Alexander Bazarov: Troika at forums All the kind and virtuous “Clients rejoice, in Singapore things that we have done competitors get and Saint Petersburg together in the past year apprehensive” 12 44 54 BUsINEss tROIKa aROUND thE GLOBE LEIsURE Products as movie Paolo Zaniboni The corporate spirit masterpieces talks about and sporting character 16 46 the London office 58 of Troikers tEaM tROIKERs EDUCatION DCM in full Pirates An anniversary year on Treasure Island for the Summer Internship 20 48 60 Programme ISSUE #11 3 WHAT'S UP? WHAT'S UP? was formed ahead of schedule, which indicates that half of 2011, according to Cbonds. During the period TIME FOR A CLOSE-UP investors are very interested in companies of the global ASK AN ASSET MANAGER! the company placed four loans to the amount internet sector, which is experiencing yet another boom. of 1.75 mln hryvnia, which is equal to 30% of the total On May 25, 2011, Sberbank of Russia and Troika Dialog At the end of August 2011, Troika’s arsenal of new volume of domestic market placements. announced the signing of a legally binding agreement media instruments was enhanced by a new page, “Ask on Sberbank’s 100% acquisition of Troika Dialog’s share an Asset Manager” on Facebook and VKontakte. The capital. The signing officially confirmed the decision ON THE RED CARPET page is a place where our experts talk about effective made in March 2011 to merge Russia’s largest investments, the latest tendencies and potential I’LL TAKE YOU TO A MUSEUM… commercial bank and one of the country’s leading Troika Dialog is in the limelight again – we were developments of mutual investment funds, management investment banks. presented a number of prestigious awards in all areas of pensions, and many other things. The number of At the start of May 2011, Troika Dialog made of business. Our research team was ranked number subscribers to the page is growing and already numbers an announcement about its strategic partnership one in seven of the ten categories of the Extel Pan- over 1,000. Support our managers with your “likes” and with the State Central Cinema Museum. A number Europe 2011 Survey (Thomson Reuters). In addition, recommend the page to clients, friends and colleagues! of jointly-held educational and charity projects have twelve of Troika’s analysts took leading positions been planned as part of the partnership. In particular, in a 2011 rating of Russian analysts published by thanks to Troika, the museum will be able to display Institutional Investor magazine. to the public a part of its collection which has never Three of Troika’s top managers were ranked among FOUR FRAMES been exhibited before. The cinema is something that is the “Top 100 Russian Managers” (an annual rating very close to Troika: our 20 years on the market is like compiled by the newspaper Kommersant): Ruben Troika Dialog Ukraine launched an internet trading service a captivating movie about a quest for victory and well- Vardanian (“Business Leaders” category), Tatiana for the derivatives market at the end of September 2011. deserved respect. Go to page 50 to find out more. Tikhonova (rating of Human Resources Directors) Two Troika Dialog Ukraine mutual funds were approved: and Maria Zhog (rating of Public and Corporate “Troika Dialog Shares” open-ended diversified mutual Relations Directors). investment fund and “Troika Dialog Bonds” open-ended That’s not all: RBC.Rating declared that Andrey Kilin diversified mutual investment fund. The minimum was the best portfolio manager in 2010; “Troika Dialog – necessary amount of capital and structure of assets Consumer Sector” open-ended mutual investment fund were successfully formed in the established period and won the “Profitable Mutual Fund” nomination (category: in accordance with the investment declaration and “Results and Success”) of the Financial Olympus National applicable law of Ukraine. Award; in May 2011 “Troika Dialog – Ilya Muromets” Troika Dialog Ukraine then began to create its own A LONG-AWAITED PREMIER was judged to be the most popular mutual investment network of agent banks after signing an agreement fund among open-ended and interval funds in Russia with BM Bank on the sale of investment certificates for At the start of June 2011, the open-ended equity (according to RBC.Rating) and finally, “Troika Dialog – the aforementioned open-ended diversified mutual fund “Troika Dialog – Agro-Sector” was launched, and High-Yield Bond Fund” open-ended mutual investment investment funds at the bank’s Ukrainian branches.