Kirill Dmitriev

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Kirill A. Dmitriev
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Born 1975
Kiev
Nationality Russian
Education B.A. in Economics, Stanford
MBA, Harvard
Alma mater Stanford University, Harvard Business School
Occupation CEO
Employer Russian Direct Investment Fund

Kirill A. Dmitriev (born 1975 in Kiev)[1] is a Russian businessman and CEO of the Russian Direct Investment Fund (RDIF), a $10 billion sovereign wealth fund created by the Russian government to co-invest in the Russian economy alongside the sovereign wealth funds of other countries.[2]

Education and career

Dmitriev holds a BA in economics with honors and distinction from Stanford University and an MBA with high distinction from Harvard Business School,[1] where he was a Baker scholar.

Dmitriev worked as an investment banker at Goldman Sachs in New York and a consultant at McKinsey & Co. in Los Angeles, Moscow, and Prague,[3] before returning to Russia in 2000. He was an associate at private equity fund Delta Private Equity Partners from 2002 to 2007, before serving as President of Icon Private Equity from 2007 to 2010.[4]

Russian Direct Investment Fund

In 2011 he was appointed as CEO of a newly created Russian Direct Investment Fund (RDIF), a sovereign wealth fund to make equity co-investments in Russia companies. His mission has been described as "to change the face of Russian capitalism" and make the Russian economy less dependent on the petroleum industry by "overcom[ing] western funds’ reluctance to invest in a country many viewed as corrupt, prone to state meddling and plagued by a law-of-the-jungle legal system".[1]

Under his leadership, RDIF has invested $1.3 billion and raised $9,3 billion from co-investors including the sovereign wealth funds of China, Abu Dhabi, South Korea, Italy, France, and Japan.[2] Foreign partners have included BlackRock, One Equity Partners, Goldman Sachs, and Deutsche Bank,[1] Baring Vostok, UFG, Titan International, and others.

RDIF also attracted over $15 billion from international sovereign wealth funds through long-term strategic partnerships.

Other activities

The World Economic Forum selected Dmitriev to be a Young Global Leader, and he was elected as a Vice President of the Russian Union of Industrialists and Entrepreneurs (RSPP).[5][6] In 2011 he was the only Russian national to be named one of 100 most influential private equity professionals of the decade by Private Equity International magazine.[4]

Kirill Dmitriev was Chairman of the B20s Investments and Infrastructure Taskforce during the year of the Russian presidency in G20. In November 2012 he was appointed Deputy Chairman of the Investment Council under the Chairman of the State Duma.

He serves on the Board of Directors of Rostelecom, MDMG, Gazprombank, the Mariinsky Theatre, and Moscow State University. He was Chairman of the Russian Venture Capital and Private Equity Association from 2005 to 2006.[7]

Five rules for survival

In November 2008, Dmitriev published an essay entitled, "Crisis: five rules for survival”, in the leading Russian business daily Vedomosti, the sister paper of the Financial Times and the Wall Street Journal, in which he warned that the financial crisis of 2007–08 crisis would be prolonged.[8]

References

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External links

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