Vladimir Stolyarenko
Vladimir Mikhailovich Stolyarenko (born 1961) is a Russian banker, Candidate of Economic Sciences, Doctor of Law.
Born on February 26, 1961 in Leningrad, Soviet Union.
In 1983, he graduated with honors from the Faculty of Finance and Credit of the Leningrad Financial and Economic Institute named after N. A. Voznesensky (now St. Petersburg State University of Economics).
In 1986, he finished graduate school at the department of International Monetary and Financial Relations of the Moscow Financial Institute.
In 1987—1993, he was engaged in teaching, worked as an assistant at the Department of Money Circulation and Credit, and an Associate Professor at the Department of International Economic Relations at St. Petersburg State University of Economics.
In 1990—1993, at the same time with his teaching work, he headed the Russian office of the Secafi Alpha SA Auditing and Consulting company (Paris, France).
From 1993 to 1998 he served as Senior Vice President, manager of the St. Petersburg branch of the Imperial bank of Russia. He was hired by Chairman Sergei Rodionov, his fellow alumnus of the graduate school at the Moscow Financial Institute.
Since May 8, 1998, he headed for two months under a civil law contract the provisional administration introduced by the Bank of Russia in Tokobank. The assignment was made at the initiative of the Bank of Russia and the invitation of it’s head Sergey Aleksashenko. The provisional administration took over the functions of operational management of the bank. Stolyarenko refused to continue the civil contract with the Central Bank, including because he received a new assignment to reorganize the Eurofinance bank, where he began work on September 1, 1998, shortly after the Russian financial crisis (also called the Ruble Crisis or the Russian Flu) on 17 August 1998.
As of early September, the capital of Eurofinance Bank, including forwards, was negative $250 million. The reorganization plan prepared by Stolyarenko was implemented in a year and a half and involved neither any new injections from the Central Bank and shareholders, nor the restructuring of balance sheet liabilities; forward bonds were legally restructured and settled.
From 1998 to 2012, he has been President and Chairman of the board of bank Eurofinance (since 2006, Eurofinance Mosnarbank). Through the efforts of the bank’s team, it was possible to seriously raise the bank’s international ratings and the bank’s capitalization according to IFRS to almost half a billion dollars at the time of Stolyarenko’s dismissal from office.
In 2012, he left the post of President and Chairman of the board of Eurofinance Mosnarbank due to a change in the bank’s shareholders and focused on the implementation of investment projects and scientific activities. Since the same year he has been living in Europe.
Positions in other organizations:
- Association of Russian Banks — member of the Advisory Council (2002—2013).
- NTV, NTV+ and TNT broadcasting companies — member of the Supervisory Board of Directors (2004—2006).
- Moscow office of the oldest United Kingdom law firm Lawrence Graham (later merged with Wragge and Gowlings) — partner (2008—2016).
- Taas-Yuriach Neftegasodobicha LLC — Member of the Board of Directors (2010—2013).
- Zarubezhneft — member of the Supervisory Board of Directors (2012—2013).
- RusHydro — member of the Supervisory Board of Directors (2013—2014).
Additional education and scientific activities:
- A study of the role of the Central Bank as a public authority (using the example of Great Britain, Spain, the Russian Federation, the USA, France and Germany), the results of which were published in the book The Central Bank as a public authority and became the basis for a doctoral dissertation defended in 2000.
- Postgraduate program, Harvard Law School (USA), 2000—2001.
- Senior Researcher, Institute of State and Law, Russian Academy of Sciences, 2001—2006.
- Master of Business Administration (Executive MBA-Global) joint program of London Business School (UK) and Columbia Business School (USA), 2006—2008.
- Certified International Investment Analyst — CIIA, 2006.
- Senior Fellow of the International Financial Systems Program at Harvard Law School (USA), since 2016.
Vladimir Mikhailovich Stolyarenko
on the «Economic Chronicle of Russia»
