OLEG VIKTOROVICH BOYKO

Oleg Boyko

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Professional Career

Oleg Boyko has over 24 years of entrepreneurial and private equity experience in retail, financial services, basic industry, entertainment, media. Mr. Boyko is currently the principal beneficiary of Finstar Financial Group investment holding - a diversified private equity firm with an estimated market value of assets under management exceeding $2 billion.

Since the end of the 1990s, Mr. Boyko has been active in securities trading as well as real estate development. In 1999 he arranged a buy-out, roll-up, and restructuring for three of the leading steel mills in Russia and formed EvrazHolding, the largest steel company in Russia. Mr. Boyko guided the company’s strategic development, built a professional management team, and greatly enhanced both operating performance and shareholder value. In 2000 Mr. Boyko and a team of professional executives formed Finstar Financial Group as an investment vehicle and management company in order to identify, invest in, and actively manage businesses on behalf of Mr. Boyko and other private investors.

Finstar has focused on propelling operational progress at Evraz Holding, and in 2001 the company began to expand into other businesses. In 2004 Finstar sold its stake in EvrazHolding to the company’s management for an estimated $600-700 million. Since then the company has drawn its focus on other businesses.

“I sold my interest in Evraz in 2004 to focus on developing other businesses, because I prefer more intellectual games. I have been always attracted to sophisticated finance, and also to retail. These are more difficult to develop and turn around, but that is much more interesting to me”.

Finstar currently specializes in direct investments into fintech business and investments; securities trading and stock exchange operations; retail trading companies; and retail-sector real estate. Boyko exited the gaming business in 2014.

Finstar Financial Group is headquartered in Moscow and operates through its subsidiaries in the European Union, the CIS countries, Russia and the United States.

«Our investment holding follows the following pattern: We identify a segment with a high return potential and look for a small company that either enjoys a unique market position or holds some sort of a business know-how. Then we buy between 51 and 75 percent of its equity - this range allows us to run the company at our discretion and to get the maximum returns on our investment upon exit. For instance, the Rive Gauche perfume and cosmetics chain used to be a regional player with stores located mainly in St. Petersburg. Under our influence, it took them four years to become the leader of Russia's cosmetics market. Revenue reached 15.6 billion rubles ($501 million) in 2010 and 21.3 billion rubles ($685 million) in 2011. We sold a controlling stake there in 2012. Once annual growth rates fall below 20-25 percent, it's time for us to exit». - Oleg Boyko, RBTH

Having previously invested in the traditional banking sector for many years, the focus now is on innovative financial services. This is an area of high growth potential and the in-depth industry knowledge means the Group can identify industry best practice and therefore, are a valued senior partner in new financial businesses. Regarding some media reports Boyko is one of the owners of the 4Finance company.

With extensive knowledge of the financial services industry and the technology sector Finstar is well placed to provide invaluable advice to managers as the interrelationship between finance and IT continues to grow. As such, the company is at the forefront of fintech innovation.

Oleg Boyko occupies the 61th spot in the Forbes Russia ranking with a personal wealth estimated at $1.3 billion[2] (1284th spot on Forbes list of world`s richest people).

Mr. Boyko has also been a keen participant in the film industry, co¬producing both Frank Miller's Sin City: A Dame to Kill For and Scarlett Johansson's directorial debut Summer Crossing.

«Naturally. I went to Hollywood and lived there for six months. I wanted not to just make a film, but to understand how the film industry is built. I have to say, I found many things that surprised me. I bought a bunch of books and the first of them, on the first page, found in large print (paraphrasing, not verbatim): "people invest in a movie, as a rule, for emotional reasons, from a desire to join the art. Someone has to carry the creative risks. The most important and unpleasant law in the film industry is that out of ten films shot, seven films lose money, one breaks even and only two earn money. Meaning that this is, in fact, venture capital investment. »


Film Industry


Oleg Boyko has dipped into Hollywood investments as a co-producer of Frank Miller’s Sin City and Scarlett Johansson’s Summer Crossing.

The movie "Sin City 2: A Dame Worth Killing For" was released in August 2014. Immediately after the release of the first part of "Sin City" in 2005, director Robert Rodriguez said that the film will have a sequel. However, shooting the sequel did not begin until the fall of 2012.

The second part was written by Frank Miller, the writer of the original graphic novel, produced by the Weinstein brothers, starring Bruce Willis, Mickey Rourke, Jessica Alba and Eva Green. The world of Sin City exists in hard-edged black and white, though occasionally a streak of color tears through the darkness.

At the end of May 2013 Oleg Boyko and actress Scarlett Johansson grabbed headlines by announcing their first Hollywood project together, a film based on Truman Capote’s Summer Crossing. The movie will be Johansson’s directorial debut and filming will begin in early 2014.

Oleg V. Boyko serves as a producer on Scarlett Johansson's directorial debut Summer Crossing along with award-winning producer Barry Spikings and Aldamisa Co-Chairman Sergei Bespalov.

«Scarlett is not very well known as a business woman, or rather, generally unknown. But among the people who know her well, - the same agents, lawyers, and so on - she has a completely different reputation than you might think on-screen images. We suggested, and in the process all confirmed. She is a very practical person, we can say - in the business and the system. Few well-known actors would I happily entrust with such risks as her. People who are not down to earth are difficult to work with. Rodriguez is a man who is more than creative, but who has a machine, well-established by special people who have a system.» -Oleg Boyko for "Variety".


The film is based on the highly praised long lost first novel of the same name, written by the internationally acclaimed Truman Capote. Its plotline follows a 17-year-old Debutant who opts out of her parents’ Parisian travels to foster a romance with a Jewish valet parking attendant in the middle of a 1945 summer NYC heat wave (Hollywood reporter).



   Oleg Boyko as Chairman of Finstar Financial Group

In 1996 Boyko and a team of professional executives formed Finstar Financial Group as an investment vehicle and management company in order to identify, invest in, and actively manage businesses on behalf of Boyko and other private investors.

In 2002, Boyko`s Finstar founded Ritzio Entertainment Group, investing in casinos and gaming, a business that expanded across Russia and internationally. In 2010, Boyko became an investor in lottery businesses in Russia and Ukraine, including the national lottery to support the Sochi 2014 Winter Olympic Games. He has subsequently disposed of all his lottery interests.
In 2003, Finstar purchased a controlling stake in a Latvian commercial bank, Baltic Trust Bank. In 2006, Finstar sold its 79% stake to GE Capital, the banking and finance arm of General Electric. In 2006 Boyko entered the real estate market through a new holding company, Finstroy.

In 2006, under Boyko, Finstar acquired 75% of Russia’s second largest cosmetics and perfumery chain, Rive Gauche.

In 2012, Boyko sold 51% of his stake to a consortium of investors but continues to hold 24% of the business.

In 2013, Boyko announced Finstar’s investment in FashionTV, a fashion channel which broadcasts in 192 countries.

In 2016, Boyko’s Finstar furthered its tech investments by announcing its acquisition of a 51% stake in Prestamos Prima, in addition to leading Spotcap’s third funding round.

Currently Finstar has about $2 billion in assets under management.  The diversified investment company holds ownership stakes in fintech, real estate, entertainment, IT, retail products and more. Finstar clearly wants to become a significant player in emerging fintech industry.


  Beyond Finstar

Oleg Boyko has over 24 years of entrepreneurial and private equity experience and his business interests include banking, financial services, retail, leisure, heavy industry, media and technology.
 
Since the end of the 1990s, Mr. Boyko has been active in securities trading as well as real estate development. He arranged a buy-out, roll-up, and restructuring for three of the leading steel mills in Russia and formed EvrazHolding, the largest steel company in Russia. Mr. Boyko guided the company’s strategic development, built a professional management team, and greatly enhanced both operating performance and shareholder value.

In the mid of 1990s Oleg Boyko founded Finstar investment holding and prefers to develop businesses in different sectors analyzing various markets.

“I am consciously avoiding the oil industry, even though I've had a chance to take part in privatization of industrial facilities. I dabbled in metals back in the day, but that was by chance. We swapped metals and mining companies' bank debts for equity, and two years later we created the EvrazHolding metals giant.”

“I sold my interest in Evraz in 2004 to focus on developing other businesses, because I prefer more intellectual games. I have been always attracted to sophisticated finance, and also to retail. These are more difficult to develop and turn around, but that is much more interesting to me.”