Investment Capital Ukraine
ICU is a Kyiv-based financial group that includes three business areas: trading, investment banking and asset management. The group is owned by its top management. ICU's managing directors are Makar Pasenyuk and Konstantin Stetsenko. During 2007–2014 the group's chairwoman was Valeriya Hontareva, who left its position to serve as a head of the National Bank of Ukraine. In 2013 bank Avangard also joined ICU Group.
According to actual information of the bank, the former minister for energy and coal industry of Ukraine, V. Demchychin, holds approximately 10% of the ICU holding.[1]
Operating activities
Investment banking
Group specializes in debt and equity origination, buy-side and sell-side M&A advisory, financial consulting, debt restructuring. As of 2015 ICU has completed the transaction for the restructuring of public and private debt totaling more than US$5.0 billion. ICU has been named as a leading agent for restructuring in 2009-2010 and Ukraine's best investment bank in 2015 by Cbonds financial news agency.
Trading
Company is engaged in trading shares and fixed income. ICU was the first Ukrainian entity to become a leading member of International Swaps and Derivatives Association (ISDA) in September, 2013. Group has a central position on the local stock exchange market. It conduct operations at the Ukraine's main trading facilities – Perspektyva Stock Exchange, PFTS Stock Exchange and Ukrainian Exchange. ICU is a member of a self-regulating organization (SRO) – Association "Ukrainian stock traders". ICU was chosen to be an official IPO partner of the Warsaw Stock Exchange since 2007.
Asset management
ICU is a leading Ukrainian asset manager with domestic and international operations. Group provides its services to private and institutional investors, both residents and non-residents. As of July 2015 ICU manages investments of over US$250 million. Key Funds:
- Investment Capital Bond Fund – Ukrainian public funds that invest in fixed income instruments;
- CIS Opportunities Fund – foreign fund that invests in the securities markets of the CIS;
- Global Strategy Fund – foreign fund with the focus on global markets.
Investment Capital Bond Fund is known for its high yield. According to the Investfunds rankings, it has shown 308% growth over the September 2011 - June 2015 period, beating the UX index by 348%.
Avangard Bank
PJSC "BANK AVANGARD" was registered by the National Bank of Ukraine on July 5, 2013. In accordance with the bank license #269, General license on conducting exchange operations #269 (dated September 2, 2013) and Annex thereto, the Bank offers a wide range of banking services and products and focuses its main activity on the forex market, money market and stock market, carrying out operations at the expense of both its own funds and the clients’ funds. On July 17, 2014, Credit-Rating, a nationally recognized credit rating agency in Ukraine, has confirmed its long-term credit rating of uaA, stableoutlook .
According to the actual financial statement of 31 December 2015, the bank serves just 228 accounts of 98 customers with 23 employees!
Selected awards
- 2013–2014 – The Best Government Bond Trader by the Number of Transactions by Perspektyva Stock Exchange
- 2009–2011, 2015 – The best Sales in Ukraine by Cbonds.
- 2013 – The Best Analytics (3rd place) by Thomson Reuters
- 2012 – The Best Asset Management Company by World Finance
- 2012 – The Best Multi-Strategy Income Fund (2nd place) by Bloomberg