Alexander Svetakov ?

I have done this site especially for Alexander Svetakov
in order to visit thishousewillexist.org

Sorry for my poor english translation.

Birthplace: Moscow
Marital status: Divorced, three children
Higher Education: Moscow Institute of Electronic Engineering (Moscow State Institute of Electronics and Mathematics)
Position: Chairman of the Board of Directors of the "Absolute"

• In the early 1990's brought to Russia and sold wholesale shipments of household appliances and electronics from Singapore.

• 1993 graduated MIEM, registered partners Absolut Bank.

• In 2007, Absolut Bank has sold the Belgian KBC Group for $ 983 million

• With the "Absolute" is investing in real estate, securities, engaged in wholesale trade: general office area - ? 780 000 sq. km. m residential project - 3 million square feet. m revenue TD "Absolute" - $ 1 billion

• Each month, alternates two weeks with two weeks rest.

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Age: 43
Birthplace: Moscow
Marital status: Divorced, three children
Higher Education: Moscow Institute of Electronic Engineering (Moscow State Institute of Electronics and Mathematics)
Position: Chairman of the Board of Directors of the "Absolute"
Facts

In the early 1990's brought to Russia and sold wholesale shipments of household appliances and electronics from Singapore.
1993 graduated from the MIEM, registered partners Absolut Bank.
In 2007, Absolut Bank has sold the Belgian KBC Group for $ 983 million
The group "Absolute" is investing in real estate, securities, engaged in wholesale trade: general office area -? 780 000 sq. km. m residential project - 3 million square feet. m revenue TD "Absolute" - $ 1 billion
Each month, alternates two weeks with two weeks rest.

-> Site for Alexander Svetakov

The group "Absolute", the principal owner of which speaks Alexander Svetakov saying the name - she does everything. The portfolio of assets is a bank, projects on construction of commercial real estate for 1.5 million square feet. m and accommodation for 2 million square feet. m, land in the suburbs. And also share in the "North-East company" (producer of red caviar), Sangalykskom diorite quarry, the company "Megapak" (low-alcohol drink Hooch and water Arctic). "The challenge - to look for undervalued assets and buy them and bring to mind", says Alexander Svetakov in an interview with Forbes. In his spare time playing tennis Svetakov with good partners. Full-time adviser on sport of the "Absolute" works of the Davis Cup finalist Andrei Chesnokov.
Talking name

Alexander Svetakov was born in 1968 in Moscow. He graduated from the Moscow Institute of Electronic Engineering. Now lives in Moscow. Married. She has two children. Focus of his work is the banking and various real estate transactions. In 2008, its capital is estimated at $ 1.5 billion, allowing it to be called one of the richest people in Russia.

His career began at once Alexander Svetakov field graduation. In the early '90s he was involved in the delivery of goods from Singapore to Russia. Its main activity was the purchase and sale of consumer electronics in Russia. After accumulating enough capital and experience, he decides to organize a large and serious business. In 1993 he founded the "Absolut Bank", which in 2007 sold a Belgian investment company «KBC». The deal amounted to 925 million dollars.

Alexander Svetakov owns investment group "Absolut". This group of companies engaged in investing in various sectors of Russian economy. Business strategy Svetakova Alexander is long-term planning and the insertion of money into developing the company. Svetakov tries to support young Russian company. To date, the group "Absolut" is a huge number of enterprises and companies operating in different directions. Core areas are areas such as financial services, construction, development, agriculture, mining and many others.

Now the company "Absolut" their main efforts were directed to building residential and commercial real estate in Moscow and Moscow region. Just Alexander Svetakova can be called one of the largest landowners in the vicinity of Moscow.

Alexander Svetakov not forget about the charity. In 2002 he organized a charity fund "Absolut - Help." This fund provides assistance to orphanages, hospitals and the disabled. Through this fund, many children with disabilities have the opportunity to purchase high quality wheelchairs and medical prostheses.

In his spare time, Alexander Svetakov prefers to spend at his country house. He loves to play tennis, for which he built a huge tennis court. Because of the love of the game Svetakov is a major sponsor of tennis tournament "Kremlin Cup".

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-> Site for Alexander Svetakov

Born February 15, 1968 in Moscow. In 1993 he graduated from the Moscow Institute of Electronic Engineering
In the early 1990s with his friends organized a group of "Absolute", where he became a major partner
1993 founded the Bank "Absolut", which specialized in working with small businesses
Belgian group KBC has bought the "Absolute" for nearly $ 1 billion in proceeds from the sale of the bank's money partners invested primarily in real estate - construction of dwelling houses and offices in Moscow and Moscow region, part of the money was invested in securities

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Alexander Svetakov became the official owner of 51.58% of Absolut Bank

Chairman of the Board of Directors of Absolut Bank Svetakov Alexander became the official owner of the bank's shares kotntrolnogo - 51.58 percent, the bank said.

Bank reported that it controls the management team, but did not disclose the size of the shares of each of them.

"It (opening) is done within the framework of restructuring with a view to increasing transparency in accordance with the requirements of our international shareholders", - told Reuters the bank's chairman, Nikolai Sidorov.

Minority stake in the bank belongs to the International Finance Corporation.

Absolut Bank is one of the fifty largest banks in Russia.

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Alexander and Andrew Svetakov Kosolapov: "pockets in the other world there, with him did not carry away"
08/07/2007

In late July, the central bank issued a permit to purchase "Absolut Bank" Belgian group KBC. Record for the Russian banking market transaction - the sale of 92.5% of the bank for 925 million dollars - was able to obscure the general public to the owner of "Absolute" Alexander SVETAKOVU.

In his first interview with Alexander Svetakov with his partner Andrew Kosolapov told "Vedomosti" on how to build your business, why he decided to sell Absolut Bank, and how is going to live.

- How long have you decided to sell the bank? And why?

Alexander Svetakov: About two years ago. The Bank has never been a major asset in our group. The core business since the late 1990's - development.

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Andrew Kosolapov: Three years ago we decided strategically that we want to do with the bank. The development plan was simple: before the bank was focused exclusively on corporate clients - medium to slightly above average in size customers who primarily use the services of credit and trade finance. After ordering a couple of trials to evaluate what happened before in Eastern Europe, we realized that such a bank, sooner or later encounter objective difficulties. So they decided to increase the share of retail - to build an extensive network and its focus on specific niches in which we can be most successful. Chose a mortgage and car loans. Mortgage - because we know all the players in this market as developers, all we have good relations. This allowed fast enough to create a selling point for all developers in Russia. For three years the bank has moved from the end of the first hundred Russian banks in 25th place in terms of assets. But we still could not provide him with the same low-cost funding, as in the West. We have money worth 7-8% per annum and they have - 5-6%. In the more competitive we just started to play a major foreign banks, all of which will be here in 2-3 years.

- You are from the very beginning focused on the resale of the bank?

Andrew Kosolapov: Strategy Development Bank provided investor is that we are going to sell a minority stake in the bank.

Alexander Svetakov: But then it turned out that it is no use to anyone: we all want at least 50% + 1 share [stock].

- Customers had a lot of?

Alexander Svetakov: Since it was the sale of 100%, issue price and terms for me was crucial. Six candidates who were at the last stage of the tender are included in the list of 50 world leaders of the banking sector. Prices they were about the same level. But KBC was closer to us, in fact, we spoke the same language.

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- How now will shape the relationship between Absolut Bank and a group of "Absolute"?

Alexander Svetakov: We expect that the new owners of the Bank Group will continue to be served in Absolut Bank and will be one of its largest borrowers. Currently, the share of the credit portfolio of the bank - on the strength of 5%.

Andrew Kosolapov: Business groups are more bank business at times, the bank simply did not have enough funds for our projects.

- Now you have the ability to finance its business on low interest rates, as in the West?

Alexander Svetakov: Yes, KBC such a possibility was discussed in general. Besides, we discussed the possibility of an IPO units "Absolute-Development", which deals with commercial real estate, and foreign banks with whom we negotiate, offer their services on our investment lending.

- And where did the name "Absolute"? What is it for you - a philosophical category or Swedish vodka?

Alexander Svetakov: We are 1990 registered LLC with the same name. Swedish vodka in no way connected. Simply, we, along with my father opened the spelling dictionary and started reading it in alphabetical order. The word "absolute" I liked it. We do not know what the Swedes liked it years earlier at 140. And in 1991, Absolut producers sent me a formal letter of warning that I have no right to produce vodka with the same name. We have them officially said that these plans we have.

- Alexander, and your father's role was only to help with choosing a name or he once helped and now?

Alexander Svetakov: He has two degrees - in law and economy, and he spent most of his life as a lawyer in various organizations. My father has never been directly involved in [my] business, but because it was for me a serious credibility, I regularly turn to him for advice. Today, he [Alexander Svetakov Sr.] works in our program director of the charity fund.

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- Who were your partners in creating the group?

Alexander Svetakov: We started three of us - me, [Andrew] Truskov and [Hleb] Galin. With Truskovym we learned in one class, with Galin, I lived in the same courtyard - met when I did not start the engine. We Truskovym at that time engaged professionally with computers, and Galin traveled to Singapore. So we joined forces. Learned all suppliers of office equipment companies: MMM, "Pragma" then known businessman [Arcadia] Angelevich "Orteks." They sold them to "iron" with a minimal set of software. Selling goods in the bulk of the MMM - now no one remembers that it was the largest player in the electronics market in Russia, until [the owner of the company Sergey] Mavrodi not carried away by finances. Imported NICs machines for counting money, calculators - just then [in the midst of hyperinflation] was a lot of zeros, and we had a 16-bit calculators Citizen, - Russian-language typewriters Olivetti. In 2000, we parted ways with Galin, saving partnership in a number of projects, including the Bank. Three years ago we invited Andrew Kosolapov, who was then a partner in the bank, to head the government group and become a shareholder.

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- How do you trade electronically with the bank switched?

Alexander Svetakov: Absolut Bank was created in 1993 in time to get a license, you had to have capital of at least 100 000 rubles. - Then, it seems, $ 140 000. Substantial sum for that time. But for us it was already a little money. Because while the trading house "Absolut" was one of the largest players in the market of household appliances. We shared the market with companies such as "Otho" CD (now - "Technosila"), "The Party", "Eldorado," and they all served at our bank. We and the bank then, perhaps, turned out because it was created originally as a commercial - never had a budget accounts or the money of state companies.

- What happened to the Trading House "Absolute"?

Alexander Svetakov: He still exists as a group, among the ten leading wholesale suppliers of imported household appliances.

- Your former rivals became billionaires just for retail computers, household appliances. And why did not you?

Alexander Svetakov: We had a retail, but in 1999, after the crisis, we have decided to sell it. It is difficult to say whether it was correct. But if we went into the retail business, perhaps we would not have enough time to do themes that are now fundamental to us.

- It turns out, the crisis of 1998 was given to you seriously?

Alexander Svetakov: Yes, of course, we got ... We've had T-bills and stocks. Our losses were estimated in tens of millions of dollars. Big money was in and of themselves, and for us at that time, thank God, all is not lost. On the background of the volume of unexecuted contracts for electronics was miserable. I had to fulfill obligations to clients of the bank for the proceeds of the trading house and the sale of assets. But within a year after the crisis, we received a number of new customers because such banks, which could not fall apart in a crisis, it was not so much.

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- You can partner sold Absolut Bank for $ 925 million spending the money?

Alexander Svetakov: A large part will go into development, construction and office complexes housing in Moscow and Moscow region. "Absolute" is now building a 4.5 million square meters. meters of housing - mostly high-rise buildings in the suburbs. The remaining money would like to place on the capital markets, primarily in Russia.

- And the upcoming election you not afraid? Volatility in the pre-election period is generally increasing.

Alexander Svetakov: Market underestimated. In the long term potential [growth] is uniquely. Therefore, a significant portion of funds [from the sale of the bank] going to invest in stocks, including Russian ones. We are currently working on buying the shares. The volume of future investments will depend on market conditions at the time of receiving the money. The deal should be closed in July and August.

Here's IPO of the company "Absolut-Development" we're going to spend in the West after the presidential election. Surprises from the election, we are not waiting. But for foreign investors, this factor is important, and it would be better to wait for certainty.

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- Banking business you're no longer going to do?

Andrew Kosolapov: We are under a deal with the Belgians for three years, we have no right to engage in banking business, to create a structure with the name "Absolute" in banking and bank management to entice themselves. Moreover, they [KBC] insisted that the leaders of the bank survived.

- That is the bank's rebranding of the Belgians do not plan to pursue?

Andrew Kosolapov: In Eastern Europe, they [KBC] in some cases renames bought the banks in some - not. We are told that with Absolut Bank have not decided yet.

- What is a group of "Absolute" after the sale of the bank? What brings the most revenue?

Andrew Kosolapov: Approximately 80% of income groups account for development, and the rest - in other assets in commerce and industry.

Alexander Svetakov: In the 1990s we were active in the markets of non-ferrous metals and the stock market, investing in industry, even built in the gold mining in Yakutia. For 17 years, we have a lot of things naotkryvali, always appeared as various interesting offers. But on the whole unprofitable and low-income, we already got rid of.

Andrew Kosolapov: We are not bankers, not developers, not production workers - we are investors who are interested in return on investment.

- What assets in Russia, from your perspective, can now be attributed to the undervalued?

Andrew Kosolapov: Now, for example, we are interested in building roads and bridges.

- This market has already reached the big players such as Oleg Deripaska. Is there still remains something of interest?

Andrew Kosolapov: Compared with attachments Deripaska us there for a modest investment. We will not call their facilities, so as not to attract the attention of competitors.

- Alexander, you go to the board of directors of the company "Ust-Luga." What is the relationship between "Absolute" and "Ust-Luga"?

Alexander Svetakov: We cooperate with another in 2000, when the port was just beginning to develop. Since then, the Bank has financed many projects the port. To date, we owned 16.7% stake in the port. Investments in "Ust-Luga" clearly fit into the strategy of the group as a large-scale infrastructure projects.

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- The press group "Absolute" time and again mentioned among the largest metropolitan landlords. It is believed that you own 20 000 hectares of land in the suburbs - is this so?

Alexander Svetakov: These estimates are close to reality. We, like other developers, not all land is owned by the part - a long lease.

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- They say you've even bought a helicopter to fly around his domain.

Alexander Svetakov: Yes, we actually had a white six-McDouglas. But from him was dropped. In Russia, too many difficulties with permission to take off, landings, refueling ... In general, we are a little heated with a helicopter.

- Property developers believe that buying land in the Moscow region governor patronized you, Boris Gromov. Is it true that the association of veterans "Combat Brotherhood", which is headed by Gromov, help you to acquire land through its commercial division, "Region-R"?

Alexander Svetakov: From "Combat Brotherhood" We've never connected any relationship or project. "Region-R" was one of our ordinary partners in several projects with Mirax, PIC, "Capital Group". We, like the major developers, good, but a formal working relationship with the leadership of the Moscow region.

Andrew Kosolapov: Construction Land is mainly acquired in early 2000, when all the cost is cheap, buy later were already on the market, but also low enough price. The "Absolute" never engaged in buying up land shares directly. We just bought already consolidated packages. Time and resources to buy up land from the primary market for the group was not.

Alexander Svetakov: And we are also actively involved in charity work in the suburbs. We have a charity fund "Absolute-Help", which specializes in helping sick children, inmates of correctional and ordinary children's homes and orphanages. I think on this subject our foundation - one of the largest in Russia, the 2007 budget - $ 3 million

- Why your fund is engaged in the topic?

Alexander Svetakov: He came once to our deputy director of a correctional boarding school, and we believed him. You know, any businessman comes a lot of mediocre asylum, and to know who came up with sincere intentions, and who - in his own interests is difficult. But we knew it was time to engage in social responsibility. Then the subject was not yet fashionable, and we to the point where it sounded, came up with the already concrete results.

- A little like Warren Buffett and Bill Gates, the bulk of his fortune to spend on charity?

Alexander Svetakov: Yes, in principle, I admit to myself in the future, only deal with charity projects with a higher budget than $ 3 million a year. I am their beliefs [Gates and Buffett's] share. With a something for nothing will not carry away, pockets on this world.

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- But you're out of business while not going away? Not too tired for 17 years?

Alexander Svetakov: A little bit tired. (Laughs.) In recent years, trying to communicate with family, traveling and doing a lot of sports: in winter - skiing, summer - tennis. We are sponsoring a tennis tournament amateur Absolut Open, are the partner of professional competition - Kremlin Cup, Davis Cup. But in any case out of business too early. I am 39 years old, men of this age is the time to engage in self-realization. And then, in Russia such a scheme, where the shareholders are removed to rest, unfortunately, often leads to disastrous results.

BIOGRAPHIES

Alexander Svetakov born February 15, 1968 in Moscow. In 1993 he graduated from the Moscow Institute of Electronic Engineering, specialty "systems engineer". Since its foundation, the group of companies "Absolute" and directs it is the majority shareholder.

Andrey Kosolapov was born January 29, 1973 in Orsk. In 1995 he graduated from Moscow State University. University on specialty "Applied Mathematics". Under the "Absolute" works since 1996, having passed all stages of their careers from the head of department of currency control currency and financial management of Absolut Bank to the general director of "Absolute".

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ABOUT U.S.

The group "Absolut" was created in October 1990, is engaged in project development and investment in financial and industrial projects. Financial performance and shareholder structure were not disclosed. According to a certificate registration chamber of Great Britain as of February 28, 2006 the owner of the «Group of companies" Absolute "together with JSC" Absolute-Development "Ltd. and" Absolute-Management "is incorporated into London Absolut Investment Group Limited. According to the group, the total annual turnover of its affiliates in excess of $ 2 billion, a controlling stake belongs to Alexander Svetakovu.

Absolut Bank's assets, according to "Interfax-CEA" on April 1, 2007, amounted to 62.6 billion rubles., Capital - 7 bn. Alexander Svetakovu owned 51.6% stake in the bank, Gleb Galin - 15.5%, Andrei Truskovu - 10.6%, Michael Serdtsev - 7.4%, Andrey Kosolapov - 7.4%, 7.5% were still in the property IFC

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