Igor Mazepa

CEO of Concorde Capital
Investment company

Official Web-site

“ Ukraine has to build the reputation of the country as a reliable place to do business. ”

Igor Mazepa, Concorde Capital investment company Founder and CEO

Igor Mazepa, Ukraine’s leading investment banker, founded Concorde Capital investment company in 2004 and has since developed it into the leader on Ukraine’s investment market. The company has thrived amid the turbulence in politics and economics, offering a complete range of brokerage and investment banking services. In its 14 years on the market, the company has attracted more than USD 3 bln in foreign investment for Ukrainian firms.

BIO AND CAREER

Igor Aleksandrovich Mazepa was born in Kyiv, Ukraine’s capital, where he attended Kyiv National Economic University and earned degrees from in international economics and law.

He began his career in 1997 at Prospects Investments company before becoming Executive Director of Foyil Securities New Europe in 2000. He served as managing director of MFK Investment Bank in 2002.

Igor Mazepa helped found the Ukrainian Exchange, serving as the Head of its Board between 2008 and 2016. He was an independent supervisory board member for Ukreximbank (100% state-owned bank) between August 2014 and July 2016, and an independent board member for Ukrsotsbank (Ukrainian commercial bank) between November 2016 and August 2018.

In 2017-2018 Concorde Capital was a winner in the Finance-Investment Companies category of the Reputation Activists national ranking in Ukraine. Igor Mazepa comments that “The role of reputation in business will remain relevant for as long as investment decisions are made by people and their complex systems of motivation, fear and ambition. It’s important for Ukrainians to gradually build, brick-by-brick, the reputation of the country as a reliable place to do business. This will be achieved with joint efforts between business and government, especially with structural reforms.”

In 2017-2018 Concorde Capital’s analysts have been ranked among the best by the Thomson Reuters Extel Survey which confirmed the high quality of expertise that helps company’s clients to make the right decisions in investing and developing their business.

INVESTMENTS

Igor Mazepa has two major investments projects:

  • the Dobrobut medical network, which is Ukraine’s private chain of medical clinics
  • GoodLife Park. An elite residence in suburban Kyiv.
Goodlife Park elite residence Goodlife Park elite residence
Goodlife Park elite residence Goodlife Park elite residence

Community and personal life

Igor Mazepa supports the activity of Price of the State since 2015, a non-government organization that explains key economic issues to the Ukrainian public, while promoting democracy and free markets in Ukraine. One of the latest news of the Price of the State is related to land reform. Igor states that “Land reform in Ukraine will attract long-term strategic investors, proper land management will come, and new credits will be available. Thus, annual GDP could increase 1.5% points. Which is significant for the economy of Ukraine.”

Igor also supports Ukraine’s national rowing team, as well as Kyiv rowing school for juniors.

Igor Mazepa: Kyiv rowing school for juniors
Kyiv rowing school for juniors

Concorde Capital rowing team took 2nd place in the Prince Albert II cup in Monte Carlo (2016).

Igor Mazepa: Concorde Capital rowing team
Concorde Capital rowing team

A lifelong athlete, Mazepa enjoying skiing, running, swimming, biking and yachting. He also enjoys helicopter piloting and traveling the world.

Igor Mazepa: Lofoten, Norway 2017 Igor Mazepa: Yacht regatta. 2016
Lofoten, Norway 2017 Yacht regatta. 2016

IGOR MAZEPA’S VIEWS ON THE LATEST TRENDS

What is needed for international investors to enter Ukraine (July 2019)

What’s need is trust in the country, the government and the financial market.

Economic sectors that have high growth potential (June 2019)

Real estate will be among the first spheres to grow because it’s understandable for investors across the world. A savings deposit in a bank will offer a 10% return annually, while real estate investments can offer at least 15%. Moreover, the experience of neighboring eastern European countries shows that when they underwent difficult periods, real estate was one of the first spheres that pulled the country out and attracted investment.

Three key issues for the new Ukraine’s government to resolve (June 2019)

The first is the Privatbank situation. If the bank is simply given to Ihor Kolomoisky, that will indicate the government’s bias. But if nothing is done, that can be interpreted as its closing its eyes to procedural mistakes and prejudices that were allowed in the process of nationalizing the bank.

Then there’s the reforms situation. It’s necessary to implement an entire complex of reforms that includes privatization, a farmland market, pensions, and health care.

Thirdly is the IMF situation. A clear plan is needed on cooperating with the IMF and international lenders.

On the challenges for business (June 2019)

The main challenge for business today is access to capital at a reasonable price. Recently, certain Ukrainian businessmen with capital have been recently looking for spheres that are interesting and understandable to them in order to invest. Unfortunately, there has been practically no access to banking capital in the country for the last four to five years. Banks either aren’t lending, or it’s very expensive.

Drivers of economic growth (June 2019)

I believe in demand. That modest growth that our economy is currently demonstrating is largely thanks to consumer demand.

On crisis and opportunity (June 2019)

Сrises don’t only have to be painful. A crisis is a positive starting point, after which it’s possible to start, develop and achieve new successes.

Global trends and Ukraine (November 2018)

The global trend is that the value of money is growing, while the value of resources will fall, more than likely. As an export-oriented country, for Ukraine this less money from exports. Ukraine will accumulate more debt and borrowing will become even more expensive. Whether we want it or not, the economy will have to depend on its own strengths in 2019.

IMF cooperation (October 2018)

Ukraine has no alternative to cooperating with the IMF now in order to help pay off other debts and finance the budget deficit.

Reforms (October 2018)

Unfortunately, Ukraine’s politicians have not been the engine driving reforms, but the Western lenders they are beholden to, Mazepa says. Ironically, it’s not the IMF or EU officials offering the loans who most need the reforms, but the Ukrainian people themselves, whose leaders have shown resistance in recent years. Mazepa identified several key sectors in most need of structural reforms, led by the farmland market, pension system, healthcare, and education. Further decentralization is also needed.

Household gas price hikes (Оctober 2018)

Once the government offers an effective, transparent, and simple means for low-income households to gain state aid, the IMF’s natural gas price hikes won’t affect Ukrainians. They will be supported because they create fairness. The middle and upper classes should pay the full price for gas.

Investment climate (November 2018)

Foreign investors are confident that Ukraine is still a country with great investment potential, if not for the obvious geopolitical factors. At the same time, Ukraine posed high risks, even before the armed conflict. Large bureaucratic barriers remain to entering Ukraine. For instance, many markets are dominated by monopolies. So investors will begin coming to Ukraine with structural reforms and lower risks.

Concorde Consulting’s role in the President Hotel’s privatization (November 2018)

We are ready to create one of the first success stories in the new Ukraine’s privatization story. We are ready to conduct this privatization in complete transparency and we have received a mandate from the cabinet to more actively prevent sabotage attempts. We plan to immediately expose any attempts to interfere with the fulfillment of our responsibilities.

Privatization (October 2018)

The government has fulfilled its annual privatization plan only three times in its history. In two cases, it sold the same enterprise, Kryvorizhstal, in different periods to different owners. The third time was Ukrtelecom. In all other years, it neglected to meet its privatization target.

On medical reform (July 2018)

Medical reform in its current form won’t attract additional financial resources to Ukraine’s healthcare sector. An expanded health insurance industry is needed in order to develop the healthcare sector.

NEWS AND COMMENTS


Igor Mazepa: Where to invest in 2022 Igor Mazepa: Where to invest in 2022
28.01.2022

Igor Mazepa, CEO and owner of Concorde Capital, on promising areas for investment in 2022, the investment climate and the ambitious plans of Concorde Capital

Igor Mazepa about privatization in Ukraine in 2021: A huge step forward and two back Igor Mazepa about privatization in Ukraine in 2021: A huge step forward and two back
22.12.2021

Igor Mazepa, investment banker, CEO and owner of Concorde Capital investment company (based in Kyiv, Ukraine), believes that Ukraine’s government, despite being active in privatization this year, is continuing to increase its presence in the economy, and remains an inefficient manager

Business rules from Igor Mazepa Uncertain prospects for Ukraine to get further IMF assistance according to Concorde Capital's Igor Mazepa
01.12.2021

Concorde Capital CEO Igor Mazepa comments why Ukraine has received IMF financing now, but it will be extremely difficult for the country to receive new tranches in 2022

Business rules from Igor Mazepa Igor Mazepa: now markets are growing at breakneck speed, and investors pay for the growth, not for the cash flow
30.11.2021

Concorde Capital CEO Igor Mazepa is confident that now markets are growing and developing at breakneck speed, investors pay for the growth, not for the cash flow

Business rules from Igor Mazepa Business rules from Igor Mazepa
07.11.2021

Concorde Capital CEO and Owner Igor Mazepa talks about his rules of doing business

Agricultural land market is opened in Ukraine: demand is abundant and supply is low Agricultural land market is opened in Ukraine: demand is abundant and supply is low
14.09.2021

Concorde Capital CEO Igor Mazepa about agricultural land market in Ukraine

Soniachne Remeslo launches amber production in Rivne region Concorde Capital CEO Igor Mazepa about economic developments since Ukraine's independence
22.08.2021

Igor Mazepa, CEO and Founder of Concorde Capital investment company, comments economic development over the thirty years of independence of Ukraine

Soniachne Remeslo launches amber production in Rivne region Soniachne Remeslo launches amber production in Rivne region
30.05.2021

Concorde Capital CEO and owner Igor Mazepa launched the start of amber mining in Rivne Oblast and emphasised the importance of amber extraction legalisation in Ukraine

Concorde Capital’s CEO Igor Mazepa: together with our partners we choose to develop an amber project Concorde Capital’s CEO Igor Mazepa: together with our partners we choose to develop an amber project
27.04.2021

Concorde Capital investment company chaired by Igor Mazepa decided to develop their amber project Soniachne Remeslo together with its partners

Igor Mazepa: Can EU money save Ukraine from budget crisis?  Concorde Capital goes to new market in 2021 according to CEO Igor Mazepa
25.01.2021

Igor Mazepa, CEO and Founder of Concorde Capital investment company, states that his company Concorde Capital is going to enter new market in 2021

Igor Mazepa: Can EU money save Ukraine from budget crisis?  Igor Mazepa: Can EU money save Ukraine from budget crisis?
16.12.2020

Concorde Capital CEO and Founder Igor Mazepa comments on whether a new tranche under EU's Macro Finance Assistance programme will help Ukraine address the budget deficit

Igor Mazepa: suburban real estate remains a premium despite the coronavirus crisis   Igor Mazepa: suburban real estate remains a premium despite the coronavirus crisis
02.08.2020

Igor Mazepa, an investment banker, CEO and owner of Concorde Capital investment company, comments the impact of the coronavirus crisis on the real estate sector

Igor Mazepa: Business should adjust to new market environment  Igor Mazepa: Business should adjust to new market environment
24.07.2020

Igor Mazepa, investment banker, CEO and founder of the Concorde Capital investment company, comments how business should adjust to new market environmente

Igor Mazepa: will international investors remove their money from Ukraine? Igor Mazepa: will international investors remove their money from Ukraine?
26.03.2020

Igor Mazepa, the CEO of Concorde Capital investment company, discussed whether international investors will remove their money from Ukraine

Hryvnia set to withstand emerging crisis, Concorde Capital CEO Igor Mazepa says Hryvnia set to withstand emerging crisis, Concorde Capital CEO Igor Mazepa says
18.03.2020

Igor Mazepa discusses the global recession in 2020 and the National Bank of Ukraine ability to withstand pressure on the hryvnia

Igor Mazepa: Ukraine economy growing, but not enough Igor Mazepa: Ukraine economy growing, but not enough
27.02.2020

Igor Mazepa, investment banker, Concorde Capital CEO offers his assessment of Ukraine’s recent economic performance

Igor Mazepa about healthcare reform in Ukraine Igor Mazepa about healthcare reform in Ukraine
12.12.2019

Igor Mazepa, Concorde Capital’s CEO, commented on what was lacking in the previous version of medical reform and what the new government can do to attract investors to the medical sphere

Igor Mazepa: what GDP growth is expecting in Ukraine in 2020 Igor Mazepa: what GDP growth is expecting in Ukraine in 2020
11.12.2019

Igor Mazepa, Concorde Capital CEO, makes forecast for Ukraine’s GDP in 2020

Igor Mazepa about his investment projects in Ukrainian assets Igor Mazepa about his investment projects in Ukrainian assets
22.11.2019

Igor Mazepa, Concorde Capital CEO, tells about his investment projects in Ukraine

Igor Mazepa: Possible scenarios for hryvnia exchange rate’s– could it repeat the falls of 1998 and 2008? Igor Mazepa: Possible scenarios for hryvnia exchange rate’s– could it repeat the falls of 1998 and 2008?
22.08.2019

Igor Mazepa, CEO of Concorde Capital investment company, comments on the possible scenarios with the hryvnya exchange rate

Igor Mazepa: The holders of Privatbank Eurobonds gained a victory in the London Arbitrage Court. What are the next steps? Igor Mazepa: The holders of Privatbank Eurobonds gained a victory in the London Arbitrage Court. What are the next steps? 30.07.2019

Igor Mazepa, CEO of Concorde Capital investment company, comments the victory of the holders of Privatbank Eurobonds in a London court

Igor Mazepa: The main challenge for Ukraine’s business is access to capital at a smart price Igor Mazepa: The main challenge for Ukraine’s business is access to capital at a smart price 09.07.2019

Igor Mazepa on the cost of financial resources for business and the growth drivers of Ukraine’s economy

Igor Mazepa: Ukraine has all chances to gain a new IMF tranche within next few months Igor Mazepa: Ukraine has all chances to gain a new IMF tranche within next few months 12.05.2019

Igor Mazepa, CEO of Concorde Capital, supposes that Ukraine has all chances to gain a new IMF tranche within next few months

The international markets were ready for Zelenskiy’s victory. IMF cooperation remains the main indicator for them The international markets were ready for Zelenskiy’s victory. IMF cooperation remains the main indicator for them
24.04.2019

Igor Mazepa, CEO and Founder of Concorde Capital, commented on the reaction of the international markets to the results of the second round of the presidential elections

Igor Mazepa: I expect that 2019 will be eventfuls Igor Mazepa: I expect that 2019 will be eventful
20.02.2019

Igor Mazepa, investment banker, expects that 2019 year could be perspective for the Ukraine’s economy