Andrey Volkov – well-known banker, financier, founder and partner of the Investohills group of companies.
Place of Birth. Education. Andrey Volkov was born on February 27, 1976 in the city of Odessa (Ukraine). Immediately after graduating from high school, he entered the Odessa State Economic University at the Faculty of International Economics. Having received a diploma of a specialist, he continued his studies at the magistracy of OSUE. In 1998 he received a master’s degree in international economics. During his student years, Andrey Volkov was a member of the international student exchange association AIESEC and headed its Odessa local committee.
Career. Andrei Volkov began his professional career as a student. In 1996, in parallel with his studies, he joined the Odessa Regional State Administration, the Department of Foreign Economic Relations as a specialist. As a student, Andrey Volkov dreamed of a career in international finance and in 1997 joined PricewaterhouseCoopers, one of the world’s leading audit and consulting companies. next two years Andrey Volkov worked for PricewaterhouseCoopers on banking reform projects as a consultant on banking management.
Since 2000, Andrei Volkov has been an employee of ING IGA (a division of the Dutch bank ING group) in as Deputy Project Manager. Advises banks in the areas of risk management, finance, changes in operating procedures.
Since 2001, Andrey Volkov’s career has been closely associated with Alfa-Bank. In July 2001, Andrey headed the risk management department, and in February 2003 he became a member of the Bank’s Management Board. In October 2003 Andrey Volkov became Deputy Chairman of the Board of Alfa-Bank Ukraine. For three years, from 2006 to 2009, he was the chairman of the board of CJSC Alfa-Bank Ukraine, at the same time he was also the head of the supervisory board of Alfa Insurance.
In 2009, Volkov left Alfa Bank to start his own business in the field of finance and founded several companies in the financial sector, including the investment company Investohills and the insurance company Retail. IC “Retail” (later British Auto Club) specialized in direct insurance. In 2014 Andrey Volkov attracted an international investment fund as an investor EMF New Europe Insurance Fundspecializing in investments in the insurance business. The multi-million dollar investment deal closed in the summer of 2014 and was named the best deal to attract foreign investors to the financial sector this year according to the magazine Forbes Ukraine. In 2018, Andrey Volkov left the insurance business.
In April 2014, the Cabinet of Ministers of Ukraine appointed Andriy Volkov as head of the National Commission for State Regulation of Financial Services Markets. This appointment took place as part of the initiative of the Cabinet of Ministers to attract new people to the leadership of Ukraine – professional, politically unbiased specialists for key positions in the country’s leadership. However, due to a conflict with the acting then acting. the head of the National Financial Services Commission, whom Volkov was supposed to replace with positions in the Commission and Volkov’s lack of a “political sponsor”, he was never able to start work and, having not worked a day in this position, he completely abandoned the idea of civil service. A few months later, his appointment was cancelled.
Certificates and qualifications. In 2002, Andrei Volkov received a qualification from the International Association of Risk Managers (GARP – Global Association of Risk Professionals), as well as a certificate in financial risk management (FRM).
Since 2003, he has a certificate of the ability to conduct professional activities with securities in the direction of “Depository activities”.
Financial group “Investohills”. From 2009 to the present day, Andrey Volkov has been the managing partner of the Investohills financial group of companies, which specializes in transactions with distressed assets. For 10 years, Investohills has become the largest operator of the Ukrainian business market of problem loans and operations with problem assets. “Investohills” brought together professionals from the field of law, economics, and finance. The group’s asset portfolio exceeds UAH 100 billion, and the number of employees reaches 400 people.
In 2011, the Investohills group will arrange a $600 million syndicated loan involving Deutsche bank, SBRF and a number of other credit organizations for the international agricultural holding Valinor with a land bank of 650 thousand hectares, is preparing for IPO holding on the Warsaw Stock Exchange.
In 2012, the Investohills group bought a portfolio of distressed mortgages from UkrSibbank for a total of $650 million. It was the first transaction in the history of Ukraine for the sale of a mortgage portfolio with a record amount of investments, and to this day it remains the largest transaction of its kind.
In 2013, the group closes several large transactions for the acquisition of distressed assets in Ukraine, including acting as an adviser on the sale of Swedbank Ukraine and a number of other transactions.
In 2014, Investohills closes a deal to attract a foreign investor to the Ukrainian financial sector, which became the winner in the rating of the Business newspaper as the deal of the year.
In 2018, Investohills became the winner in the first ever DGF auction for the sale of a portfolio of corporate loans and acquired problem loans from the Fund with a par value of over UAH 4 billion.
And already in 2019, it became a buyer of more than 50% of all bad debts at the DGF auctions. Also at the end of 2019, Investohills made the largest deal with distressed assets in the history of the DGF by buying out the distressed loans of Finance and Credit banks, as well as Delta Bank. The total investment amounted to almost a billion hryvnia.
In 2023, the Investohills group of companies and Andriy Volkov create the first international fund in the history of Ukraine specializing in investments in distressed assets Investohills Heliantus with a planned investment of $100 million to invest funds from EU and US funds in the Ukrainian market of distressed debts.
In May 2023, the National Securities and Stock Market Commission agreed on the first stage of the fund’s share issue for UAH 1 billion, which was fully distributed among the fund’s investors in August. “Investohills” will represent the interests of foreign investors in Ukraine, as well as manage the activities of the investment fund “Investohills Heliantus”. Investors will be able to receive consulting and professional services in the field of redemption and collection of bad debts, storage and management of collateral assets, and litigation and claims work. After the settlement of the debt, many problem assets receive the status of attractive in terms of investing funds in them from both Ukrainian and international businesses. These are business assets with a clean history and reputation.
In August 2023, the subsidiary FC Investohills Vesta closed the first deal for the Investohills Heliantus fund on the distressed assets market and bought the distressed assets of VTB, Rodovid, and Financial Initiative banks from the DGF for a total amount of UAH 1.314 billion .
At the end of 2023, over a two-year period of vigorous activity, FC Investohills Vesta returned to the state and depositors of bankrupt banks represented by FGVFL – UAH 2 billion, which is comparable to contributions to the budget of the largest Ukrainian enterprises.