Symposia Country Meetings Russian Investment Symposium 2005

Event Pictures

DAY ONE
TUESDAY, 1 NOVEMBER 2005


Van McCormick; Director of the International Economic Alliance and formerly Director of Investment Symposia at the Belfer Center for Science and International Affairs, Harvard University; opens the 9th Annual Symposium with an introduction to Symposium founder and Harvard Professor Graham Allison of the John F. Kennedy School of Government



Andrei Sharonov, Deputy Minister of Economic Development and Trade of the RF outlines recent reforms - opening of special economic zones, reducing the administrative barriers to investment, improving taxation. and increasing access to renewable natural resources



Panel I: Russia and the US: Opportunities for Cooperation Aerospace, nanotechnology, and biotechnology headlined the discussion in Panel I between (left to right) Ambassador James Collins, Deputy U.S. Secretary of Commerce David Sampson, Andrei Sharonov, Deputy Minister of Economic Development and Trade of the RF, Senator Mikhail Margelov, Chairman of Committee on International Affairs, Federation Council of the RF and Amb. Thomas Pickering, Senior Vice President of Boeing



Deputy U.S. Secretary of Commerce David Sampson, Andrei Sharonov, Deputy Minister of Economic Development and Trade of the RF and Senator Mikhail Margelov, Chairman of Committee on International Affairs, Federation Council of the RF



Amb. James F .Collins, Deputy U.S. Secretary of Commerce David Sampson and Andrei Sharonov, Deputy Minister of Economic Development and Trade of the RF




Also on Panel II, Jean Michel Broun, Senior Partner of Baring Vostok Capital Partners. Mr. Broun said that low entry prices and high growth potential constitute “dreamlike conditions” for investors in Russia, compared to the private-equity conditions in Europe




Helena Hessel, Director, Sovereign Ratings Group, Standard & Poor's, on Panel II


Opening remarks from Symposium founder and Harvard Professor Graham Allison, Director of the Belfer Center for Science and International Affairs at the John F. Kennedy School of Government







David Sampson, US Deputy Secretary of Commerce in his opening remarks emphasized that President Bush puts a high priority on the importance of US-Russian dialog and cooperation in energy, protection of property rights, and trade issues



Senator Mikhail Margelov, Chairman of Committee on International Affairs, Federation Council of the Russian Federation commenting on Russia’s accession to the WTO










Amb. Thomas Pickering and Andrei Sharonov, Deputy Minister of Economic Development and Trade of the RF






Panel II: Global Investors Paul Rodzianko, Access Industries, with George Hoguet, Principal with Chief Investment Strategist of State Street Global Advisors - two of the discussants on Panel II




George Hoguet, Principal and Chief Investment Strategist of State Street Global Advisors spoke in a positive tone about the outlook for Russia , noting that Russian companies are demonstrating productivity gains and showing increased returns on equity for investors




Jean Michel Broun, Senior Partner of Baring Vostok Capital Partners answering questions from the audience after the panel


SPECIAL INTERACTIVE LUNCH
16 Points to improve bilateral trade and investment


Ambassador James Collins, Senior International Adviser, Akim Gump Strauss Hauer & Feld L.L., Andrei Illarionov, Special Advisor to President Putin, Pamela Quanrud, Minister -Counselor for Economic Affairs, U.S. Embassy in Moscow at the head table during Lunch on November 1



US Deputy Secretary of Commerce David Sampson with West Point Cadets that traditionally serve every year as official Symposium honor guards




Mira Davidovski of Salans reading her table's recommendations


David Sampson, US Deputy Secretary of Commerce, and Alexey Kim, Regulatory and Fiscal Affairs Manager, Philip Morris Russia






Tim Peara of Siberian Energy with Peter Francis of ExxonMobil





Paul Rodzianko of Access Industries reading his table's recommendations


Malcolm S. Salter, Professor of Business Administration and Senior Associate Dean of External Relations, Harvard Business School





Panel IV: Entrepreneurship - Success Stories
Euroset founder Timur Artemiev (in the middle) discusses administrative hurdles and the justice system with (left to right) Dmitry Yakushkin, Executive Director, Russian-American Business Council, Vladimir Golovnev, Co-Chairman, Delovaya Rossiya, Sergei Litovchenko, Executive Director, Association of Russian Managers and Senator Oganes Oganyan, Committee on Economic Policy, Entrepreneurship, and Property, Federation Council of the RF



Timur Artemiev, Co-Founder of Euroset on Panel IV





Senator Oganes Oganyan speaking on Panel IV





From left to right, Peter Koelle, Chairman of the Board, International Moscow Bank, Michel Perhirin, President, Raiffeisenbank Russia, and Hubert Pandza, Director of Russia and Central Asia Business Group, EBRD



Malcolm Salter, Professor of Business Administration and Senior Associate Dean of External Relations, Harvard Business School, answering questions after his presentation




Vladimir Golovnev, President of Vostok-Service and Co-Chairman of Delovaya Rossiya during Panel IV












Sergei Litovchenko, Executive Director, Association of Russian Managers during Panel IV




Panel V: Finance and Banking Securitization of various debt instruments to facilitate the inflow of foreign capital and raising of minimum capital requirements to increase the capitalization of Russian banks was recommended by the panelists of Finance and Banking session (from left to right) Helen Teplitskaia, President, American-Russian Chamber of Commerce and Industry, Marat Ametov, Managing Director, Vneshtorgbank, Peter Koelle, Chairman of the Board, International Moscow Bank, Mira Davidovski, Partner, Salans and Michel Perhirin, President, Raiffeisenbank Russia


GALA DINNER
TUESDAY, 1 NOVEMBER 2005

Panoramic view of the reception at the Harvard Club


Mr. Rod Perkins of Debevoise & Plimpton speaking to a Symposium participant at the reception at Harvard Club




Steven Kaempfer, Acting VP of EBRD, speaks at the Gala Dinner on November 1






Andrei P. Dolgorukov, Minister-Counselor, Russian Trade Representation in the USA, speaking with Kiril Alexandrov, Executive Director of the IEA



A partial view of the Gala Dinner in Harvard Hall from above








(Left to right) Kiril Alexandrov of IEA, John McAdams of Ex-Im Bank, Helen Teplistkaia of American-Russian Chamber of Commerce and Industry, Pamela Quanrud, Minister - Councelor for Economic Affairs, Holly Nielsen of Debevoise &Plimpton LLP and a guest



Head Table (from left to right): Johnny Akerholm, CEO of Nordic Investment Bank; Mrs. Perhirin, Michel Perhirin of Chairman of Raiffeisen Bank Moscow; Van McCormick, Director of the IEA; and Johan Vanderplaetse, President, Alcatel


Mr. Johan Vanderplaetse of Alcatel with Leonid Gryaznov of IC Horizon and Igor Gundobin of Sun Group




Seated at the head table are, from left to right, Johnny Akerholm, CEO of Nordic Investment Bank, Michael Perhirin, Chairman of Raiffeisen Bank Moscow, Van McCormick, Director of the IEA and Johan Vanderplaetse, President, Alcatel



Steven Kaempfer, Acting VP of EBRD and Johnny Akerholm, CEO of Nordic Investment Bank




Hubert Pandza, Business Group Director, Russia & Central Asia, EBRD, Alexis Rodzianko, CEO, Deutsche Bank Ltd., Marat Ametov, Managing Director, Vneshtorgbank, Paul Rodzianko, Senior Vice President, Access Industries, Vitaly Pereversev and Nigar Chaybasarskaya at the Harvard Club



From left to right Mikhail Krasnov of VerySell, Margaret Wilson and Joseph Alsop of Progress Software enjoying a dessert under the chandeliers and tapestries adorning the cathedral ceilings of Harvard Hall in the Harvard Club




Mr. and Mrs. Michel Perhirin


Hubert Pandza, Business Group Director, Russia & Central Asia, EBRD; Alexis Rodzianko, CEO, Deutsche Bank Russia; and Marat Ametov, Managing Director, Vneshtorgbank

More participants at the Harvard Club Gala Dinner

The cathedral ceiling in Harvard Hall
DAY TWO
WEDNESDAY, 2 NOVEMBER 2005


Panel VI: High Tech - IT, Telecom, and more (left to right) Andrew Somers, President of American Chamber of Commerce in Russia, Johan Vanderplaetse, President of Alcatel Russia, Joseph Alsop, CEO of Progress Software and Mikhail Krasnov, President of Verysell discuss the opening of techno parks and advantages of outsourcing of IT to Russia



Peter O. Koelle, Chairman of the Board, International Moscow Bank, left, and Mikhail Krasnov, President of Verysell (left to right)




Panel VII: A View from International Financial Institutions (left to right) Joseph Stanislaw, Co-author of “Commanding Heights”, Johnny Akerholm, President of Nordic Investment Bank, Steven Kaempfer, First Vice President, EBRD, Robert Drumheller, VP, OPIC, Edward Nassim, Director, International Finance Corp and John McAdams, SVP, Ex-Im Bank comment on the important role IFIs play in mobilizing investment in Russia’s regions and providing SMEs access to capital



Edward Nassim of the International Finance Corporation and John McAdams of Ex-Im Bank (left to right)





Johan Vanderplaetse, President of Alcatel Russia, Joseph Alsop, CEO of Progress Software and Mikhail Krasnov, President of Verysell








Andrew Somers, President of American Chamber of Commerce in Russia, Joseph Alsop, CEO, Progress Software and Van McCormick, Director of IEA (left to right)



Joseph Stanislaw, co-author of the book Commanding Heights posing questions to Johnny Akerholm, President of Nordic Investment Bank during Panel VII (left to right)









Andrew Somers, President of American Chamber of Commerce in Russia giving an update about Russian negotiations toward accession to the WTO and introducing the next speaker - Andrei Illarionov, Advisor to President Putin


Andrei Illarionov, Advisor to President Putin, commenting on the Russian government's industrial policy and offering his view on "where and whether" to invest in Russia

Andrei Illarionov, Advisor to President Putin
POST-ADDRESS LUNCHEON Q&A WITH ANDREI ILLARIONOV


Andrei Illarionov, Advisor to President Putin answering
questions from the audience about his earlier panel
presentaion during lunch on Wednseday, November 2


Mikhail Krasnov, President of Verysell and Steven Kaempfer, First Vice President, EBRD




Peter Koelle of International Moscow Bank and Kamen Zahariev, EBRD Country Director Ukraine


Johan Vanderplaetse, President of Alcatel asking a question




More questions for Mr. Illarionov from the audience


Panel VIII Opportunities in Russia’s regions (left to right) Blair Ruble, Director, Kennan Institute, Hubert Pandza, Director, Russia and Central Asia Business Group, EBRD, Sharon Tennison, Founder and President, Center for Citizens Initiatives, Alexey Stukhanov, Administration of Tomsk Region, Alexey Mikheyev, Deputy Chairman Business Council Government of Moscow discussing the investment climate and opportunities in Russian regions


Hubert Pandza, Director, Russia and Central Asia Business Group, EBRD commented that the investment climates and opportunites are very different in each of Russia's 89 regions

EXECUTIVE INTERVIEW: ROBERT GLAUBER, CHAIRMAN & CEO, NASD


Robert Lawrence, Professor, John F. Kennedy School of Government leading a discussion with Robert Glauber, Chairman of NASD over the differences between regulatory frameworks of the London and New York Stock Exchanges


Robert Glauber, Chairman of NASD addresses the audience


Panel IX: IPO Boom? Public and Private Capital Markets Where to have an IPO - London Stock Exchange or NYSE? Robert Lawrence, Professor, John F. Kennedy School of Government, Charlotte Crosswell, Head, NASDAQ International Inc., Noreen Culhane, Executive Vice President, New York Stock Exchange, Holly Nielsen, International Counsel, Debevoise & Plimpton LLP, and Alexis Rodzianko, CEO, Deutsche Bank Ltd. (not in the picture) discuss the recent boom in Russian IPOs and advantages of listing in London and New York



Charlotte Crosswell, Head, NASDAQ International Inc. and Van McCormick, Director of the IEA.






Panel X: Energy - The New Great Game Recent consolidation in energy sector and a need for greater competition in energy transportation was brought up during the Energy panel: (from left to right) Daniel Yergin, Chairman, Cambridge Energy Research Associates, Alexander Braverman, Chairman, Russian Marketing Association John Brodman, US Deputy Assistant Secretary of International Energy Policy and David Zaikin, CEO, Siberian Energy


Robert Lawrence, Professor, John F. Kennedy School of Government, Charlotte Crosswell, Head, NASDAQ International Inc., Noreen Culhane, Executive Vice President, New York Stock Exchange and Holly Nielsen, International Counsel, Debevoise & Plimpton LLP









John Brodman, US Deputy Assistant Secretary of International Energy Policy reads a special letter to Symposium participants from Samuel Bodman, US Secretary of Energy





From left to right: Alexander Braverman, Chairman, Russian Marketing Association, John Brodman, US Deputy Assistant Secretary of International Energy Policy and David Zaikin, CEO, Siberian Energy



World Trade Center Boston, where the 9th US-Russian Investment Symposium was held

A view from the multimedia Control Room at the World Trade Center amphitheater gives a glimpse of the sophisticated technology supporting the Symposium

Seaport Hotel in Boston