Konstantin Stetsenko

Founding Partner

ICU

Kyiv, UA

Biography

Konstantin Stetsenko is one of the Founding Partners of ICU and has been instrumental in building an experienced, professional and industry-recognized team that has established ICU as the leading independent asset management, private equity and investment advisory firm in Central and Eastern Europe.

ICU’s investment team has significant experience in private equity & venture capital, brokerage & asset management, high yield corporate debt, distressed debt, restructurings and other special situations across a number of emerging markets and aim to provide their clients with superior risk-adjusted returns across a number of asset classes. The firm is expanding its reach into key European markets via a combination of organic growth and acquisition and continues to expand the range of its investment offerings.

Described as one of Ukraine’s best traders, Konstantin has been pivotal in rolling out the asset management and fixed income trading businesses. Under his leadership, ICU has received international accolades including:

- Best Investment Bank in Ukraine in 2015-2019 (Cbonds)
- Best Fixed Income Research Team in Ukraine in 2015-2017 (Cbonds),
- #1 Asset management Firm in Ukraine in 2016 (Acquisition International)
- Best Total Return Active Investment Portfolio in 2016 (World Finance)
- Best Performing Fixed Income Fund in Ukraine in 2008 – 2016 (Investfunds)

Led by Konstantin, ICU has become the leading broker-dealer of local Ukrainian bond market with the biggest market share in government bonds exchange and non-exchange deals.

Prior to joining ICU, Konstantin was Head of Fixed Income Trading at ING Bank Ukraine. Before that, he was head of Sales & Trading at Ukrsibbank and Vice-Chairman of the Board and Chief Investment Officer at Ukrsib Asset Management.

Konstantin Stetsenko’s Newsfeed

Ukraine’s domestic bond market outlook remains strong says ICU’s Konstantin Stetsenko

We speak to Konstantin Stetsenko, Founding Partner at ICU, the leading asset manager in Ukraine, to find out what caused the rally and whether he expects it to continue into 2020. Who’s behind the rally? Konstantin: The increase in local bond volumes was driven mainly by international investors last year. International investors became active buyers of local government bonds in anticipation of a stronger hryvnia and a decrease in National Bank of Ukraine discount rate. This has helped drive the increase in international investors holdings domestic bonds up to $5bn, compared with just $0.2bn in 2018.

Ukraine's domestic bond market off to a strong start in 2020 according to ICU's Konstantin Stetsenko

The 10-year euro-denominated bond was oversubscribed, priced at a yield of 4.375 percent which surprised many analysts and Ukraine watchers. Konstantin Stetsenko, founding partner of ICU, the leading asset manager in Ukraine, noted that Ukraine would not have been able to sell the bond at such a low yield a year before.

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Konstantin Stetsenko’s Background

ICU

Founding Partner

Mar 2008 - Present

Kyiv, UA

ICU is an independent asset management and investment advisory firm specialising in the emerging markets of Central and Eastern Europe. Founded over a decade ago, ICU is Ukraine's leading asset manager with over $500m in assets under management.

ING Bank Ukraine

Head of Fixed Income Trading

Aug 2005 - Mar 2008

Kyiv, UA

ING is a global bank with a strong European base. Their main aim is to empower people to stay a step ahead in life and business. The bank became a leader among bonds traders and underwriters of bonds in Ukraine under Stetsenko’s management.

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Other Business Interests

Ukrainian Financial Forum

Founder

2014 - Present

Kyiv, UA

The forum, one of the main financial events in Ukraine, was launched by the ICU in 2014 and is held annually to revitalize the economic debate in Ukraine and attract leading international experts to discuss the country's economic changes.

Kyiv School of Economics

Strategic Partner

2016 - Present

Kyiv, UA

The graduate school of economics and management in Ukraine was founded in 1996 by the EERC and the Eurasia Foundation. The university offers master's programs in Business and Financial Economics, Economic Analysis. It has an agreement with the University of Houston in the United States which permits it to grant graduates an MA in economics in their name as well.

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Philanthropy

ICU Business Books & ICU Kids' Books for Charity in Partnership with Tabletochki Charity Foundation

Founder

2015 - Present

Kyiv, UA

ICU initiated the project with the idea to publish leading books on business & economics that are not readily available to the local audience. It’s aim is to bridge this gap by providing access to these books in the Ukrainian language. ICU generally picks globally recognised authors who write & publish their work in English. In 2019, ICU initiated a new series called ICU Kids’ Books.

From the Country to Ukraine

Co-Founder

2014 - Present

Kyiv, UA

Every year, the charity holds a festival of in hundreds of small cities in Ukraine, presenting Ukrainian art, modern music groups, sports achievements, scientific developments and many other initiatives to raise awareness of local achievements which Ukrainians can be proud of.