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3 November 2021

ICU is one of Ukraine’s top-performing financial institutions in 2021


ICU Group today announced it has won two prestigious international World Economic Magazine awards in 2021. In particular, ICU was named “Best Asset Manager in Ukraine” for 2021 while also receiving recognition for “Best Asset Manager in Corporate Governance” for the company’s commitment to furthering corporate governance standards in Ukrainian markets.


ICU has maintained its leadership position in the asset management market for over 10 years and has been one of Ukraine’s top-performing financial institutions in 2021. With extensive expertise in investment banking, private equity, high yield corporate debt, distressed debt, restructurings and other institutions across a number of emerging markets, ICU stands out from its competitors in Ukraine.


Makar Paseniuk, ICU Founding Partner commented:

“The basis of our success is long-term and trusting relationships with clients, built thanks to our excellent financial results and high standards of service. Winning such coveted awards affirms the firm’s commitment to promoting business excellence in every aspect of what we do.”


Grigoriy Ovcharenko, Head of Asset Management at ICU said:

“The funds under our management, including the largest bond fund in Ukraine, are leaders in terms of profitability, asset growth rates and the number of clients. In 2022, we will continue to look for effective investment solutions and expand the range of our investment products.”


Olyana Gordiyenko, ICU Corporate Governance Advisor commented:

“ICU has placed the enhancement of its corporate governance and quality decision making as one of the groups key strategic focuses. ICU believes good corporate governance means being an organisation that puts value, leadership integrity and transparency first. And in this respect, we have over the past year, also worked alongside the National Securities and Stock Market Commission to advice and implement a best practice framework in corporate governance.  We are thrilled to be recognized for our efforts with this award.“


The World Economic Magazine Award aims to highlight and acknowledge the spirit of industry disruptors across the global financial marketplace by recognizing businesses, services and individuals who stand out from the crowd and go above and beyond to ensure their client’s satisfaction. The full results of the 2021 award can be found on the World Economic Magazine website


Earlier this year, ICU was also recognized as the Best Capital Markets and Advisory firm in Ukraine by the international magazine Euromoney, and as the Best Asset Manager and Best Innovative Trading Platform Ukraine by Global Banking & Finance Awards.


About ICU


ICU Group is an independent multi-strategy asset management, private equity, and investment firm that specialises in the emerging, and frontier markets worldwide. The Group also has a portfolio of venture capital and fintech investments through its venture capital arm, ICU Ventures.  


ICU currently manages $500m in assets. ICU aims to provide its clients with superior risk-adjusted returns across a number of asset classes with investment decisions supported by robust macroeconomic and sectoral analyses from an in-house team of research economists.