Managing Partners

Charles E. Ryan

Chairman, UFG Asset Management

Mr. Ryan’s distinguished financial career combines top level expertise and deep knowledge of both Russian and international markets.

Mr. Ryan’s distinguished financial career combines top level expertise and deep knowledge of both Russian and international markets. Mr. Ryan began his professional career in 1989 with CS First Boston where he was a financial analyst. From 1991 to 1994, Mr. Ryan was an Associate and Principal Banker with the European Bank for Reconstruction and Development in London, where he played a crucial role in the city of St. Petersburg’s privatization program for industry and real estate. In 1994, Mr Ryan co-founded United Financial Group, an independent investment bank in Moscow.

In 2005, when Deutsche Bank acquired 100% of UFG’s investment banking business, Charles Ryan was appointed Chief Country Officer and CEO of Deutsche Bank Group in Russia. He stepped down as the CEO of Deutsche Bank in Russia in September 2008 and in October 2008 became Chairman of UFG Asset Management. In addition to his role as Chairman, Mr. Ryan is also responsible for the overall management of UFG's private equity business.

Mr. Ryan graduated with honors in Government from Harvard College.

Florian Fenner

Partner, UFG Asset Management

Florian Fenner joined UFG Asset Management as Managing Partner in July 2002. He is an experienced investment manager who has directed investments in Russian securities for over 16 years.
Florian Fenner joined UFG Asset Management as Managing Partner in July 2002. In addition to his role as Partner, Mr. Fenner is also responsible for the overall management of UFG's public markets funds business. He is an experienced investment manager who has directed investments in Russian securities for over 18 years. Prior to joining UFG, from 2000 to 2002, he was Head of the Unifund’s Moscow office with responsibility for its Russia portfolio.

From 1996, Mr. Fenner served as Deputy Head of Research at Brunswick Brokerage, one of Russia’s leading investment banks and, in 1997, he became a Russian equity Portfolio Manager for Brunswick Capital Management. Before joining Brunswick Brokerage, he worked as an investment banker for Schroder Munchmeyer Hengst Co. in their Frankfurt office. Mr. Fenner is a charted financial analyst and holds a degree in banking from Industrie-und Handelskammer in Frankfurt-am-Main (1992-1994).

Martin O. Skelly

Partner, UFG Asset Management

Martin Skelly re-joined UFG in January 2009 as Senior Advisor to UFG group. He is a Member of UFG Private Equity Investment Committee.
Martin Skelly re-joined UFG in January, 2009 as Senior Advisor. Mr. Skelly was one of the first senior managers of the original United Financial Group (UFG), which he joined in 1997 at the request of his Harvard roommate Charlie Ryan. During his 10-year career at UFG, Martin Skelly first served as Chief Operating Officer responsible for infrastructure and support functions, including Risk Management, Operations & Custody, Information Technology, Legal & Compliance, Human Resources and Administration for UFG’s offices in Moscow, London, New York and Cyprus. In December, 2002, Martin was named Head of Equity Product with responsibility for all research, sales and trading functions globally.

In 2006, after UFG sold its investment banking business to Deutsche Bank, Mr. Skelly was appointed Head of EMEA and Latin American Sales and Sales Trading for Deutsche Bank AG based in London. He left Deutsche Bank in October 2008 and moved with his family to Charleston, South Carolina. In January of 2009, Martin Skelly re-joined UFG Asset Management (UFG AM).

His responsibilities at UFG AM include the overall supervision of UFG AM Group business structure, including business development, central management functions, finance, marketing, as well as special projects management across the range of UFG AM products, both in private and public markets. Mr. Skelly also serves on UFG AM Management Committee.  In addition to this, Martin Skelly is a member of UFG Private Equity Investment Committee.

Prior to joining UFG in 1997, Mr. Skelly worked as a Financial Analyst for Insignia Financial Group, providing asset management services and compliance for loans of more than $200 million. Before entering business school, Mr. Skelly worked as teacher and guidance counselor for the Virginia public schools.

Martin Skelly received a BA in Economics from Harvard University in 1989 and an MBA with honors in Finance from Virginia Polytechnic Institute & State University in 1994. In South Carolina, he serves on the Boards of the Charleston Wine and Food Festival, WINGs for Kids, Charleston Philanthropic Partners, Trident Academy, the Porter Gaud School’s Father’s Association and Foundation Board. He is also active with AlphaUSA, serving on their regional advisory committee.

Pauline Gerasimenko

Managing Partner, UFG Asset Management

Joined United Financial Group (“UFG”) in April 2001.
Joined United Financial Group (“UFG”) in April 2001. Early in 2006, when UFG founders separated the investment banking business from UFG Asset Management, and subsequently sold 100% of UFG’s investment bank to Deutsche Bank, Ms. Gerasimenko moved to Deutsche Bank during the integration stage of combined Deutsche-UFG investment banking teams. At Deutsche Bank, Ms. Gerasimenko worked for over three years in the central management division.  In May 2009, she re-joined UFG Asset Management.  She is an executive managing partner across UFG’s alternative asset management businesses (public markets funds, private equity and real estate), and runs investor relations.

Ms. Gerasimenko graduated in International Business from the Moscow State Linguistic University, including  studies abroad at the University of Texas.  In addition to this, she holds a diploma from the American Business Program.


The information contained herein is not for distribution to and does not constitute an offer to sell or the solicitation of any offer to buy or sell any securities to any person in any jurisdiction in which such offer, sale or solicitation is prohibited. Prospective investors are advised to consult their financial advisor and to take separate advice as to the legal requirements within their own countries for investment in any of the funds as well as any securities, taxation or exchange control legislation affecting them personally. In addition, the funds and services have not been supervised by the U.S. Securities and Exchange Commission, and as a result, such investment products are only available to certain accredited investors who have been pre-qualified by UFG Asset Management.




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