VITALIY VAVRYSHCHUK APPOINTED HEAD OF MACROECONOMIC RESEARCH DEPARTMENT OF ICU GROUP

Kiev, November 4, 2021 - ICU Group announces the appointment of Vitaliy Vavryshchuk as Head of the Macroeconomic Research Department. In this role, Vitaly will be responsible for macroeconomic support for the group's transactions in emerging and global capital markets, as well as developing investment advice for clients.

“A macroeconomist insight is one of the key pillars of an investment bank, and for this position we are purposefully looking for proven professionals. We are glad that Vitaly has decided to continue his high-quality work in the financial industry by joining our team,” commented Konstantin Stetsenko, ICU founder.

From March 2015 to June 2021, Vitaliy Vavryshchuk held the position of Director of the Financial Stability Department of the NBU, where he was responsible for analyzing and minimizing systemic risks in the banking sector, developing tools for stress testing banks, improving macroprudential policies to prevent systemic crises and minimize the consequences of macroeconomic shocks. Vitaly was also a member of the NBU Monetary Policy Committee.

Prior to that, from 2007 to 2015, Vitaly worked in the investment companies Dragon Capital, Concorde Capital, BG Capital and SP Advisors, where he rose from an analyst to the head of the analytical department. Vitaliy started his career in 2003 as an economist at the Center for Social and Economic Research CASE Ukraine.

Vitaliy also teaches at the National University of Kyiv-Mohyla Academy, from which he graduated in 2001 with a bachelor's degree in economics. In 2003 he received a master's degree in economics from the Kiev School of Economics.

“I am glad to return to my native investment and banking market, but at the same time with new horizons for me. ICU gives me ample opportunities to apply my knowledge not only in the Ukrainian economy, but also in the markets of many other countries that are of investment interest for the group and its clients. I hope my expertise will bring them tangible benefits” commented Vitaliy Vavryshchuk.

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.