Iosif Bakaleynik is one of the most successful and experienced CFOs in the Russian business. Currently, he serves as a President of FFF Asset Management, a licensed asset management company with offices in Cyprus and Luxembourg and a presence in London, Zurich, and Moscow, with total assets under management exceeding $1 billion. From 2007 to 2008 Iosif has served as CFO and Executive Board Member of Renova Management AG (Switzerland). Iosif has more than 25 years’ operational experience in finance in Russia and abroad. From 2003 till 2007 Iosif has been the First VP, CFO, and a member of the management board for OJSC «SUAL-Holding». In 2006 Iosif joined «Integra Group of Companies» as an independent Director. From 1997 to 2003, Iosif served as First VP, CFO, and member of the Management Board of OJSC «TNK». In 1994-97, Iosif served as a Board Chairman and General Director of OJSC «Vladimir Tractor Factory». In this position, he was responsible for the implementation of the post-privatization restructuring of the company. Iosif has served for 2 years in the International Financial Corporation (IFC), including as a special advisor to the government of the Russian Federation for direct foreign investment in 1992. Iosif holds a Ph.D. in economics from Moscow State University and a master’s degree (with honors) in business administration from Harvard University.