Ruslan Magomedov (economist)

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For Surnames Magomedov, see Magomedov.

Ruslan Magomedov
Kyiv National Economic University named after Vadym Hetman
Known forChairman of the National Commission on Securities and Stock Market
TermSince 23 February 2021
PredecessorTimur Zaurbekovich Khromaev

Ruslan Magomedov is the Chairman of the National Commission on Securities and Stock Market since 23 February 2021.[1]

Education and career

Ruslan Magomedov was born on 5 May 1984.[2]

In 2005, he graduated with a master's degree in "Enterprise Finance" from the Kyiv National Economic University named after Vadym Hetman, after which he worked at the State Property Fund of Ukraine.[3]

From 2005 to 2006, he was a senior trader at the company "Kyiv Securities Group". He was a member of the PFTS Stock Exchange Association.[3]

In 2006, he became the head of the internet trading department of IC "Prospect Investments" (from January 2009 to February 2010).[3]

From February 2010, he was the head of the online brokerage management of the Trading Operations Department at Astrum Capital (Astrum Investment Management). From February 2011 to May 2016, he was the director of LLC "ASTRUM CAPITAL".[3][4]

In 2014, he became a member of the Trading Activity Committee of the Association "Ukrainian Stock Traders."[5]

In 2016, he participated in the competition for the position of the chairman of the board of JSC "National Depository of Ukraine".[3][6]

From October 2016, he was an advisor to the chairman of the board of JSC "Settlement Center for Servicing Financial Market Contracts".[3]

From 2017 to 2019, he was a senior project manager in the project "Development and Consolidation of Capital Market Infrastructure" at the European Bank for Reconstruction and Development.[7]

Since 2020, he has been an external advisor to the head of the Office of the President of Ukraine, Andriy Yermak.[3][8]

On 3 June 2020, according to the order of the Cabinet of Ministers of Ukraine from 3 June 2020, No. 613, he was introduced as the representative of the President of Ukraine to the competition commission for determining candidates for the positions of independent members of the supervisory board of the state bank.[3][9]

On 1 February 2021, he submitted a declaration as a candidate for the position of the head of the National Securities and Stock Market Commission. His candidacy among others was proposed to the Office of the President of Ukraine by the Council of the Professional Association of Capital and Derivatives Market Participants.[2][3][10][11]

Chairman of the Commission

By the decree of the President of Ukraine dated 23 February 2021, No. 69/2021, he was appointed as the head of the National Commission on Securities and Stock Market (NSSMC).[12]

From 2021 to 2023, he advocated various events for the draft law "On Amendments to the Law of Ukraine 'On State Regulation of Capital and Organized Commodity Markets' and Some Other Legislative Acts of Ukraine on the Regulation and Supervision of Capital Markets and Organized Commodity Markets" No. 5865 dated 26 August 2021.[13][14][15][16][17]

In September 2021, together with other government representatives, Sergei Marchenko and Marina Lazebna, he participated in a roundtable on the topic: "Pension reform in Ukraine: to be or not to be".[18]

In February 2022, at the plenary session of the Verkhovna Rada of Ukraine, he presented the Law of Ukraine "On Virtual Assets" (No. 3637) with proposals from the President of Ukraine, which was subsequently adopted in its entirety with their consideration.[19]

Following the Russian invasion of Ukraine in 2022, as the Head of NSSMC, he appealed to foreign regulators and participants in the securities market to restrict Russians' access to such securities that are traded and accounted for on foreign platforms.[20]

In August 2023, he participated in the UkrainianGasOpen 2023 forum: "Extraction. Transportation. Storage. Sale," dedicated to the development of the Ukrainian gas market in wartime conditions, its transit, storage, sale, cooperation of operators, and interconnectors.[21][22]

Together with other government representatives, he participated in an offline forum of the Independent Association of Banks of Ukraine "About the war – without ties: what we have achieved and what we are preparing for," where he focused on the reform of NSSMC (provided by the draft law No. 5865 dated 26 August 2021), as well as other vital directions of NSSMC work such as: securitization, investment accounts, virtual assets, pension reform, development of the agro-sector, and the corresponding commodity market.[23][24]

References

  1. ^ "Zelensky appoints new head of National Securities Commission". nv.ua (in Ukrainian). Retrieved 24 February 2021.
  2. ^ a b "Zelensky appoints Yermak's advisor as head of the National Securities Commission". suspilne.media. Archived from the original on 24 February 2021. Retrieved 24 February 2021.
  3. ^ a b c d e f g h i "Ruslan Magomedov. Dossier. Financial Club". Archived from the original on 22 April 2021. Retrieved 24 February 2021.
  4. ^ "List of PARD participants". www.pard.ua. Retrieved 24 February 2021.
  5. ^ "Association "Ukrainian Stock Traders"". www.aust.com.ua. Retrieved 24 February 2021.
  6. ^ "National Depository to be reformed for Europe. Financial Club". Archived from the original on 17 April 2021. Retrieved 24 February 2021.
  7. ^ UKRAINIAN FINANCIAL FORUM 2017[dead link]
  8. ^ "Yermak has five times more advisors than Zelensky, – CVU". LB.ua. Archived from the original on 23 February 2021. Retrieved 24 February 2021.
  9. ^ "Cabinet of Ministers of Ukraine – About changing the composition of the competition commission to determine candidates for the positions of independent members of the supervisory board of the state bank". www.kmu.gov.ua (in Ukrainian). Retrieved 24 February 2021.
  10. ^ "Ruslan Sadruddinovich Magomedov". Official Internet Representation of the President of Ukraine (in Ukrainian). Archived from the original on 24 February 2022. Retrieved 24 February 2021.
  11. ^ Fin.Org.UA. "Council of PARD suggests to the Office of the President of Ukraine to consider primary steps for the restoration of the stock market". www.fin.org.ua (in Ukrainian). Retrieved 24 February 2021.
  12. ^ "PRESIDENTIAL DECREE OF UKRAINE №69/2021". Official Internet Representation of the President of Ukraine (in Ukrainian). Archived from the original on 24 February 2021. Retrieved 24 February 2021.
  13. ^ "We are like a spherical horse in a vacuum, there is practically no market — the head of NSSMC". minfin.com.ua (in Ukrainian). Retrieved 10 December 2023.
  14. ^ "If the law on the Commission is adopted, the country, investors and market professionals will feel significant changes regardless of when the war ends – head of NSSMC". Interfax-Ukraine (in Ukrainian). Retrieved 10 December 2023.
  15. ^ "Business meets with the leadership of the National Commission on Securities and Stock Market". European Business Association (in Ukrainian). 21 September 2023.
  16. ^ "Top 5 methods for effective work in a state regulator". minfin.com.ua. Retrieved 10 December 2023.
  17. ^ "Organized by NABU business breakfast with ..." NABU (in Ukrainian). 28 April 2023. Retrieved 10 December 2023.
  18. ^ "Pension reform: It will be in 2023, at the latest – in 2024". www.ukrinform.ua (in Ukrainian). 23 September 2021. Retrieved 10 December 2023.
  19. ^ "Plenary session of the Verkhovna Rada of Ukraine (video)". www.rada.gov.ua. Retrieved 10 December 2023.
  20. ^ Head of the state commission on securities Ruslan Magomedov about the economy in Russia (in Ukrainian), retrieved 10 December 2023
  21. ^ "17.08 Ukrainian Gas Open". www.iclub.energy. Retrieved 10 December 2023.
  22. ^ "Head of the Commission: Commodity markets must have a powerful central counterparty – NSSMC". www.nssmc.gov.ua (in Ukrainian). Retrieved 10 December 2023.
  23. ^ "NABU held a large offline forum "About the war – without ties: what we have achieved and what we are preparing for"". NABU (in Ukrainian). 9 February 2023. Retrieved 10 December 2023.
  24. ^ "Ruslan Magomedov: When Ukraine wins the war, we cannot do without a capital market – NSSMC". www.nssmc.gov.ua (in Ukrainian). Retrieved 10 December 2023.
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