Andrei Volgin (businessman) explained

Andrei Volgin is a Russian businessman who came to prominence as a player in the early Russian securities market[1] [2] [3] [4] in the aftermath of the collapse of the Soviet Union. Andrei Volgin began his career in finance in the late 1980s at Moscow State University, graduating with a degree in economics.

Business Ventures

In October 1992 Andrei Volgin established Adamant Financial Corporation, one of the post-communist Russia's first private equity and corporate restructuring firms.[5] [6] [7] [8] In November 1994, after building up a 39% stake in Russian rubber maker Yaroslavl Rezinotechnika, he persuaded shareholders to give him control in the company, making it one of Russia's first-ever takeovers. In a daytime meeting that lasted until midnight, nearly 90% of the assembly voted to install Volgin's choice as director. By 1995 he controlled 8 of 11 seats on the board and named his father president.[1] [9] [10] [11]

A spin-off company called Adamant Advisory Services was involved in purchasing Russian telecommunications outfits from Metromedia in 2003.[12] [13]

In 1999 Volgin and his wife Elena founded Adamant Media Corporation, one of the world's largest publishers of old and rare book reprints, with over 60,000 titles in many languages. The company sells physical and ebooks through its website, and through Amazon.com.[14]

In 2007 Volgin co-founded Spiral Universe with Reuben Kerben. Spiral is an educational software startup that distributes a software as a service solution for learning management.[15] In 2014 Spiral Universe has been acquired by STI.[16]

Awards, appointments, and recognition

According to The Wall Street Journal Europe, his colleagues described him as "the future of Russia." From 1994 to 1997 Volgin served as chair of the Moscow Public Shareholder's Rights Committee[17] [1] [18] [19] [20] [21] and has consistently spoken out against Western investment in corrupt and insufficiently accountable or responsible Russian companies.[22]

In 1994, at the age of 23, Volgin was appointed by the prime minister of Russia to be a member of the Securities Markets Commission of the Russian government and chair of its Expert Council. Volgin was one of the authors of the Joint-Stock Company Law and Securities Markets Law, both of which were adopted by the Russian Federal Assembly in 1995, and legislation on unit investment funds.[23]

In 1995 The Wall Street Journal named Volgin one of the top 24 young business leaders in Central and Eastern Europe.[4] In 1997, Mr. Volgin was the youngest person to be placed on Global Finances list of the 600 most influential financiers in the world. In 1997 the Russian Biographic Institute named Volgin the "Person of the Year" in the category of business.[24]

Publications

See also

References

Notes and References

  1. March 1995 . Betsy . McKay . Russia's Young Crusader Takes Aim at Factory Chiefs . The Wall Street Journal Europe.
  2. August 1997 . Carla Anne Robbins and Steve Liesman . Aborted Mission: How an Aid Program Vital to New Economy Of Russia Collapsed . The Wall Street Journal.
  3. May 1996 . Barry Newman . Rethinking an Empire . The Wall Street Journal.
  4. May 1995 . Adi Ignatius . New Europe's Remarkable 20-Somethings . The Wall Street Journal.
  5. October 1994 . Marya . Fogel . Privatization: Moscow Targets New Fear Of Stock-Market Volatility . The Wall Street Journal Europe.
  6. April 1998 . Patricia . Kranz . Who Needs Rubles? The virtual economy hides a lot of business--and tax revenue . Business Week .
  7. July 1997 . Stephanie . Baker-Said . Yeltsin Takes Aim at Greedy Managers . The Moscow Times.
  8. November 1995 . Neela . Banerjee . Western Fund Managers Target Russia . The Wall Street Journal.
  9. March 1995 . Neela . Banerjee . Russian Factory Thrives After Outsider Steers Transition to Private Ownership . The Wall Street Journal Europe.
  10. News: April 1995 . How Russian Industry Is Changing For The Better . The Economist .
  11. February 1995 . Peter Galuszka and Patricia Kranz . Impatient Investors Go After Old-Guard Russian Managers . Business Week.
  12. http://www.lightreading.com/document.asp?doc_id=30766 Metromedia Sells Russian Assets
  13. http://www.lightreading.com/document.asp?doc_id=30956 Is Russian Opportunity Knocking?
  14. 2001-02-10 . Russian firm is Adamant about e-book prospects . Kristine Petrosian . The Russia Journal . 98 . 2010-02-18 . https://web.archive.org/web/20110613145713/http://www.russiajournal.com/node/4528 . 2011-06-13 . dead .
  15. Web site: 2010-05-14 . Spiral Spreads to 80 Countries in 20 Weeks. Thanks, GWT! . Google Developers Blog .
  16. https://www.edsurge.com/n/2014-07-01-sti-acquires-3-companies-raises-3m STI Acquires 3 Companies, Raises $3M
  17. August 1994 . Steven . Erlanger . Risks of Russia's Young Markets . The New York Times .
  18. June 1996 . Betsy . McKay . Russia's Gilded Age . The Wall Street Journal Europe.
  19. June 1997 . Patricia . Kranz . Shareholders At The Gate: Russian red directors dig in their heels as outside investors try to oust them . Business Week.
  20. May 1995 . Patricia Kranz and Peter Galuszka . Why State Capitalism May Just Be The Answer . Business Week.
  21. April 1995 . Survey of Russia (4): Cash Stays Under The Bed . Financial Times.
  22. July 5, 1999 . Where would Warren Buffett invest in Russia? . The Russia Journal . 4 . dead . https://web.archive.org/web/20100104220509/http://russiajournal.com/node/477 . January 4, 2010 .
  23. December 1997 . Stephanie . Baker-Said . FUNDS for the FUTURE . The Moscow Times.
  24. Web site: 1997 . National Award Person of the Year - 1997 .

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