Field of study: Financial management & analysis; Investment projects expertise and evaluation, and various investment issues; Bank Privatization and Restructuring; Debt management: various issues in debt management and monitoring, debt sustainability and creditworthiness analysis.
Education
1980-1990 – School #206, Uzbekistan, Certificate of Achievement (with honors)
1990-1995 – Tashkent State University of Economics, Uzbekistan, Diploma with honors
1992-1993 – Baylor University, U.S.A., Certificate of Achievement (non-degree program in Economics)
Apr.- Jun. 1996 – Shanghai University of Finance & Economics, China, Certificate of Achievement (non-degree program in economics)
1996-1997 – Saitama University, Japan, Master in Public Science
1997-2004 Tashkent State University of Economics, PhD
International Courses and Events
Attended:
– Heading of a number of the Government visits to foreign countries
– Budgeting & Financial Planning, Cost Management, 2009, London, UK
– World Economic Forum, 2007,Pakistan
– External Debt Management Conference, 2005,Kyrgyzstan
– IMF High LevelSummit,USA, 1999
– “Introductory Course in Market Economics and Financial Analysis”, Joint Vienna Institute,Uzbekistan, 1995
Language skills: Native language: Uzbek. UN languages: English – fluent, Russian – fluent, Japanese – with dictionary
KEY QUALIFICATIONS:
- Financial management (budgeting, evaluation, analysis, asset management etc.)
- Various issues in investment activity (project evaluation, expertise/inspection, etc.)
- Investment projects’ evaluation and financing, and their monitoring
- Banking experience and analysis of banks’ activity
- Experience in working with international financial and other institutions and their field missions, international relations
- Negotiation skills (problem resolution, etc.)
- Various issues in debt management and analysis of debt sustainability
WORK EXPERIENCE
May 2008 – May 2013
Financial Director
“INGO-UZBEKISTAN” Joint-Stock Insurance Company (JV with “INGOSSTRAKH”, Russia)
- Overall responsibility for financial management of the Company (budgeting (operational & capital), planning/forecasting, cost/asset management, cash flow, P&L, etc.)
- Financial modeling & analysis, preparation of various business assessment reports/development strategies/scenarios & presentations to the Management
- Control over the accounting (IFRS, IAS), reporting systems (to statistics, customs, tax authorities) and actuarial activity
- Realization of Marketing Policy (formulation of the Strategy, its review taking into the account the market development, market analysis, control over creation of advertisements (TV, radio, flyers, handouts, etc)
- Public (incl. foreign) relations
- Automatization of the business processes: establishment of the Company’s Integrated Database System (Accounting + Insurance Business) (analysis of the business needs & matching them with the Company goals, formulation of the business processes and writing of the terms of reference for the Database developer)
- Establishment of the Company’s website: formulation of the structure & contents, control over its proper functioning
July 2006 – April 2008
Deputy Minister
Ministry for Foreign Economic Relations, Investments and Trade ofUzbekistan
- Overall responsibility for the retention of investments into the country, i.e. preparation of effective investment projects, assistance to foreign partners in initiation of businesses, expertise of business plans of strategic projects, price expertise of import contracts, etc.
- Monitoring of investment projects: daily monitoring of projects
- Development of comprehensive database on investment projects: (analysis of needs & matching them with the Country’s investment policy goals, formulation of tasks for the IT unit of the Ministry)
- Establishment of special website for potential investors: formulation of the structure & contents, control over its proper functioning
- Foreign relations: heading of several intergovernmental committees on economic relations, organization of business forums, visits, etc.
April 2005 – July 2006
Leading Inspector
Chamber of Accounts ofUzbekistan
- Control over effectiveness of realization of the Country’s monetary policy & external reserves management
- Conduction of research and analyzes on the above issues, preparation of recommendations on inspection of the related activities of the Government institutions, preparation of appropriate proposals
- Inspection of the related activities of the Government institutions, including audit of foreign exchange operations
April 2004- April 2005
Deputy Head
Department for Expertise of Investment Projects and Management of External Debt
Ministry of Finance ofUzbekistan
- Monitoring of external debt (agreement preparation: operational & legal aspects; loan utilization & repayment control)
- Conduction of research and analyzes on sustainability of the Government guaranteed external debt
- Dealing with the Government and Government guaranteed “problem” loans (project analysis, assessment of the credit quality of clients, evaluation of the (potential) risk exposure, evaluation of compliance with the terms of the credit agreement or other documentation, preparation of recommendations on recovery)
March 2001-March 2004
Director General
Bureau for Bank Privatization of theRepublicofUzbekistan
Under the Ministry of Finance
- Conduction of research and analyzes of the financial, operational, and legal condition of banks and preparation of suggestions and recommendations on specific changes (restructuring) required prior to their privatization
- Definition and recommendations on parameters for each bank to be privatized including the economic and social implications associated with the privatization
- Preparing suggestions and recommendations on sectorial changes required to facilitate the privatization of banks
- Organization and conducting a diagnostic study of banks
- Organization of the abroad presentations of the banks to be privatized and conducting related discussions with potential investors
- Preparation of the terms of reference, organization and conducting tenders for the attraction of international advisers, foreign organizations and financial institutions, and also foreign investors
December 1999-March 2001
Coordinator
for the Bank Privatization and Restructuring Component under the World Bank Financial Institutions Building Project
- Coordination of the USD 5 million Project
- Arrangements on the Project start-up
- Identification, explanation and clarification of the technicalities involved in the privatization process, its planning and timing
- Analysis of the current legal and banking framework and issuance of recommendations for further reform in banking system to facilitate privatization process
- Identification of the best candidate banks for privatization
- Development and realization of the commercial banks’ privatization and restructuring strategies
- Maintenance of coordination and cooperation between domestic and foreign organizations and financial institutions involved in reform of the financial sector
October 1997 – December 1999
Acting Head
International Banking Relations Division
Foreign Exchange Regulation & External Relations Dept.
Central Bank ofUzbekistan
- Participation in preparation of proposals on development of the Foreign Exchange Policy (present situation analysis, preparation of proposals on improvement, preparation of legal documents, etc.)
- Monitoring of the Government non-guaranteed external debt (evaluation of the borrower’s creditworthiness and project’s profitability, issuance of permission for the borrowing, loan utilization & repayment control)
- Monitoring of utilization & repayment of foreign loans by the commercial banks
- Maintenance of coordination and cooperation with international financial institutions (working with International financial institutions ant their field missions, international banking relations)
April 1995- October 1997
Chief Expert
International Banking Relations Division
Foreign Exchange Regulation & External Relations Dept.
Central Bank ofUzbekistan
- Monitoring of the non-guaranteed external debt (loan utilization & repayment control)
- Evaluation of the borrower’s creditworthiness and project’s profitability
- Maintenance of coordination and cooperation with the international financial institutions
- Working with the International financial institutions’ field missions
September 1994-April 1995
Lead Economist
International Banking Relations Division
Foreign Exchange Regulation & External Relations Dept.
Central Bank ofUzbekistan
- Maintenance of coordination and cooperation with international financial institutions
- Working with the International financial institutions’ missions
- Banking relations with CIS countries
April 1993- September 1994
Economist
General Foreign Currency and Economic Department
Central Bank ofUzbekistan
- Monitoring of the implementation of agreements between CIS governments, banks and other financial institutions
- Preparation of draft agreements
PUBLICATIONS:
Articles and Studies:
Privatization of Banks – The Way to the Development of the Banking System in Journal “Market, Money and Credit”, 2001.
“The External Debt Management in Uzbekistan”, Research Paper, 2000.
External Debt: Need for the Effective Management in Journal “Market, Money and Credit”, 1999.
External Debt Management: The Macroeconomic Aspects in Journal “Market, Money and Credit”, 1999.
CONFERENCES AND SPEECHES:
Speaker, Effective Investment Policy in Developing Countries,Philippines, 2007
Moderator, Toward Sound Financial System and Future Growth, International Seminar on Bank Privatization, Tashkent, Uzbekistan, 2003.
Speaker, External Debt Management as Integral Part of the Macroeconomic Policy, International Conference on External Indebtedness Problems and Possible Solvency Procedures, Tashkent, Uzbekistan, 2002.
Speaker, The Macroeconomic Issues in External Debt Management, International Conference on Priority ways of the Development of a Financial Sector and its Liberalization Under the Market Relations, Moscow, Russian Federation, 2000.
Speaker, Reform, Restructuring and Governance in Banking System, ADB Seminar, Tashkent, Uzbekistan, 2000.
Speaker, IMF activity and operations, IMF Seminar, Tashkent, Uzbekistan, 1999.
PROJECTS:
Researcher, Modeling of Foreign Debt Parameters in RMSM-X. Project organized by London School of Business and Center for Economic Research of Uzbekistan,Tashkent, 1999.
