Sergei Riabtsov, Managing Director of the Sputnik Group

Co-founder of the Sputnik Group, Sergei Riabtsov is head of the Investment Department, coordinating the origination, execution, management and disposition of the Group's investments.

Mr. Riabtsov is member of the board of Renaissance Insurance Group, Telecity Group. He has served on the board of a number of the Sputnik Group's investments including Europa Plus, Kievstar GSM, Glenrock Holdings Limited.

In 2002-2003 as deputy general director, head of the business development department of Gazprom-Media, Sergei Riabtsov participated in the media group restructuring.

Prior to joining the Sputnik Group Sergei Riabtsov served as Vice President with the Investment Banking Division of Renaissance Capital since its foundation in 1995, where he was responsible for originating and executing a number of pioneering M&A and capital markets transactions. In 1992-1995 he worked in the Investment Banking Division of Credit Suisse First Boston in Moscow and London.

Mr. Riabtsov holds a degree in International Banking and Finance from the State Finance Academy in Moscow.