Sixth Annual Alfa Fellowship Alumni Event - May 2012

Alfa Fellowship Alumni Event - Cultural Vistas
Russian Business Leaders Mikhail Fridman and Petr Aven Join Fellows, Program Alumni for Sixth Annual Alfa Fellowship Alumni Event

WASHINGTON - Over 40 Alfa Fellowship Program fellows, alumni, and friends gathered on the evening of May 16 for the sixth annual Alfa Fellowship Program Alumni Event.

Distinguished guests and speakers included Mikhail Fridman, Chairman of the Supervisory Board of the Alfa Group Consortium and Petr Aven, Chairman of the Board of Directors at Alfa Banking Group. Also in attendance was Dr. Anders Åslund, Senior Fellow at the Peterson Institute for International Economics.

Cultural Vistas, which has administered the Alfa Fellowship Program in the United States since 2004 and in the United Kingdom since 2012, worked together with Alfa-Bank representatives to organize the alumni event in the nation's capital.

Mr. Fridman delivered the keynote address, stating that the destinies of those associated with the Alfa Fellowship Program were joined in the mutual goal of enhancing understanding between our countries – Russia, the United States and the United Kingdom. Guests heard a statement read on behalf of the Minister of Foreign Affairs of the Russian Federation, Sergey Lavrov, in which he expressed his support of the program.

Jason Jarrell, President of the Alfa Fellowship Alumni Association, provided updates on the activities of alumni during the past year and Andrew Riedy, a recent alumnus, presented a gift of gratitude to Messrs Fridman and Aven on behalf of the 9th group of Alfa Fellows, who completed their program in April 2012.

Alfa Fellowship Alumni

The Alfa Fellowship Program, founded in 2004, is a high-level professional development exchange program that places qualified young professionals from the U.S. and, as of 2009, from the U.K., in work assignments at leading organizations in Russia in the fields of business, economics, journalism, law and public policy. The Alfa Fellowship Program includes language training, seminar programs, and extended professional experience.

By sponsoring the Alfa Fellowship Program, Alfa-Banking Group is demonstrating its commitment to fostering a new generation of American, British and Russian leaders with the expertise required for greater understanding and the sustainable improvement of ties between the U.S., U.K. and Russia. The Alfa Fellowship Program is administered in the U.S. and U.K. by Cultural Vistas and in Russia by the Fund for International Fellowships and Cultural Dialogue. Learn more at culturalvistas.org/alfa.

Founded in 1990, Alfa-Bank is a full-service bank operating in most sectors of the financial market, including retail and corporate lending, investment banking, trade finance and asset management. Alfa-Bank is Russia’s largest private bank in terms of total assets, total equity, customer accounts and loan portfolio. According to its audited IFRS financial statements for the full year 2011, the Alfa Banking Group, which comprises OJSC Alfa-Bank as well as its subsidiary banks and financial companies, had total assets of $31.4 bln, gross loans of $23.2 bln, and total equity of $3.4 bln. Net profit after tax for 2011 amounted to $641 mln.

The Alfa Banking Group’s corporate and retail client base has grown considerably over the last several years: as of January 1, 2012 Alfa-Bank Group serves around 55,800 corporate and 6.3 mln retail customers, while the branch network consists of 465 offices across Russia and abroad, including a subsidiary bank in the Netherlands and financial subsidiaries in the United States, the United Kingdom and Cyprus.

OJSC Alfa-Bank is incorporated, focused and based in Russia, and is not affiliated with U.S.-based Alfa Insurance.