Mikhail Kiselev Email & Phone Number

Luxembourg

Strong knowledge and experience with Debt Capital Market structures, namely Securitization undertakings (regulated and non-regulated) (“Securitization Portfolio”) and their regulatory framework Heading the Structured Finance Accounting team and as such:• Responsible for client accounting, control and reporting in respect of the Securitization Portfolio;• Improved financial reporting procedures for CSSF regulated securitization vehicles;• Developed control procedures over accounting, valuation, cash flows, etc.;• Preparation, control and oversight of waterfall calculations;• Coordination of audits of securitization vehicles;• Regular communication with Luxembourg authorities: CSSF, Stock Exchange, Tax administration;• Ensuring compliance with regulatory reporting (CSSF, BCL, CIT, VAT, etc);• Directorship Mandates in 20+ client entities.

Luxembourg

Providing financial expertise re municipal finances in the West Balkan countries. Member of Internal Credit Review Committee. Reporting to the Board and monitoring of the Fund activities. From March 2017 – Fund Manager, managing the winding-down and liquidation of the Fund. Results:• Set up the budget model and reporting structure, incl. IFRS reporting;• Developed and implemented the Disbursement Policy;• Coordinated various service providers to achieve timely and orderly execution of the Board’s decisions and adherence to the Fund’s bylaws;• Organised and reported to the meetings of the Board of Directors;• Led the winding-down and liquidation process: negotiations for early repayment of loans, termination of service agreements, etc.

Luxembourg

Responsible for client services including accounting, reporting, consolidation, tax structuring and compliance, etc. Served as director and commissaire aux comptes in client companies. Managed, trained and coached a team of up to 2 people. Results:• Set up the consolidation of a client company in accordance with IFRS, prepared the financial statements and successfully passed the audit for 2 years;• Set up the process for preparation of annual financial and tax statements of client companies;• Reduced the time necessary for preparation of such statements from 10 to 5 months;• Provided advice to clients on issues as IFRS and LuxGAAP accounting treatment, SPFs, tax compliance and optimisation, documenting of transactions, capital injections, salary calculation, Luxembourg legal framework, etc.;• Received numerous praises from clients for good care and attitude.

Luxembourg

Luxembourg

Responsible for financial planning, reporting and controlling function of the Group, and taxes of the entities in 6 jurisdictions in Western Europe. Supervision of operations in Russia. Cost control. Support of the management in strategic initiatives. Supervision of the real estate project. Management of a subsidiary that owned a private jet. Office admin and HR/legal processes. Results:• Improved the consolidation process to receive clean audit opinion in 180 days after year-end and to reduce the audit fees from $1M to $630K;• Introduced monthly management reporting, improved deadlines from 25 to 15 days;• Implemented annual planning procedure, including consolidated P&L, Balance Sheet, Cash Flow and Variance Analysis;• In cooperation with consultants, optimised Group taxation to achieve $1M tax savings;• Supervised and trained staff in 6 countries to achieve the uniformly high performance levels;• Negotiated discounts with office suppliers and contractors, ensured best cost-benefit ratio; • Reviewed the legal documentation and managed successful court cases.

Responsibility for finance and IT functions: planning, reporting, control, treasury, investments, etc. Managed Mid-term Financing Facility of $235M and investment projects totalling 75+ mln EUR. Communicated with government authorities at all levels: Privatisation Agency, Ministry of Finance, Tax, Customs, etc. Participated in talks with Trade Unions about threatened strike. Spearheaded the ERP implementation project (Oracle e-Business Suite) that successfully went life in May 2008. Results:• Implemented monthly and yearly management and financial reporting procedures, the financial statements audited by Deloitte, clear audit opinion given.• Lead the development of new budgeting and control systems that allowed tighter control of expenses and investments, cost savings of €1.1M identified and suggested.• Negotiated with a local bank an overdraft up to €30M, and bank guarantees up to €20M• Changed the Department organisational structure to reduce headcount from 51 to 26.

Coordination of the project, including facilitation of interaction between En+ management, Government of Montenegro, auditors, financial advisors, lawyers, etc.; participation in negotiations with the Government. Results:• Revamped the financial model of the project, identified and communicated all financing requirements• Developed detailed investment program in close cooperation with technical experts. • Identified and communicated project risks and actions for risk minimisation.

(Leading premium vodka manufacturer and alcoholic drinks distributor, sales of $200M)Responsible for overall financial planning, reporting and controlling function of the company, relationships with banks, preparation and control of construction budget of about 60 mln USD. Managed, trained and coached a team of 5. Results:• Implemented timely and accurate consolidated reporting according to IAS, explanations of variances to BoD (1st time in company history), the reports audited by PWC;• Implemented annual planning procedure, including consolidated P&L, BS, CF (first time BS and CF forecast created);• Negotiated the project financing of 33 mln USD and working capital financing;• Lead the project of long-term financing through Credit-Linked Notes for 85 mln USD, identified advisors, prepared Information Memorandum, negotiated terms and conditions, participated at Road-Show; • Analysed capital construction budget, identified and recommended saving opportunities of 2 mln USD.

(world’s second largest food company, sales in Russia $300M)Was ultimately responsible for preparation of operational plans and forecasts – yearly and monthly updates (P&L, Balance sheet, Cash Flow); timely and accurate corporate reporting. Managed the team of 3 people (Financial Analysts), trained and coached the team Results:• Was a key player in the sales improvement project, analysed the market, calculated the financial impact, prepared the recommendations to Board of Management and Headquarters. The result of the project was to increase sales by 30% without increase in sales force;• In cooperation with other departments developed and implemented new policies and procedures: price list procedure, obsolete products procedure, etc.

Financial Manager, Adriatica – Former Yugoslavia + Albania, Bulgaria, sales $38M, budget of $1.3MFinancial Manager, Baltics – Lithuania, Latvia, Estonia markets, sales $25M, budget of $800KSenior Finance Analyst - Russia and CIS CountiresResponsible for the entities’ planning, budget control and reporting activities. Controlled entities' cash position, stocks and product ordering. Hired, trained and coached the team of up to 4 people. Decision making support, e.g. effects of excise increases, sourcing changes, pricing changes, etc. Communicated with banks, tax and legal advisors, auditors. Started-up the rep. office in Albania, and reorganized rep. office in Serbia, subsequently coordinated opening of a trading company in Serbia and the start-up of importation into Serbia, obtained working capital financing from local banks of $3M. Participated in due diligence project for prospective acquisitions in Serbia.

• Established US GAAP accounting procedures and quarterly prepared complete set of consolidated US GAAP financial statements of the Group, audited by Ernst&Young, to be filed with the SEC and used for trading in VimpelCom ADR’s on the NYSE.

Audit, due diligence

Asset Management @ Wharton Online

Mba, Business

MBA Degree completed June 2010 Courses taken: “Fundamentals of Senior Management”, “Strategy”, “Creativity, Innovation and Change”.

Passed Cpa Exam, Accountancy

Diploma Of Business Studies, Business

Activities and Societies: Was elected President of Student Body

Engineer, Physics

Exchange Program, Physics, English